11. a. Unless otherwise required to do so within a shorter time, a broker appointed under subsection b. of section 10 of this act to offer heirs property by open-market sale shall file a report with the court not later than seven days after receiving an offer to purchase the property for at least the value determined under section 6 or 10 of this act.
 
   b.   The report required by subsection a. of this section shall contain the following information:
 
   (1)   A description of the property to be sold to each buyer;
 
   (2)   The name of each buyer;
 
   (3)   The proposed purchase price;
 
   (4)   The terms and conditions of the proposed sale, including the terms of any owner financing;
 
   (5)   The amounts to be paid to lienholders;
 
   (6)   A statement of contractual or other arrangements or conditions of the broker's commission; and
 
   (7)   Any other material facts relevant to the sale.
 
L.2025, c.88, s.11.