How Does the Public Administrator Sell Estate Real Property?

Once the Public Administrator has been appointed by the Court to administer the estate and makes the determination that real property owned by the estate is to be sold, based on the value of the estate, the administrative costs and debts owed, and when applicable, the preferences of the beneficiaries, a listing agreement is entered into with a licensed realtor to list the property on the Multiple Listing Service (MLS).  Purchase Agreements entered into by the Public Administrator are presented to the Court for approval and remain subject to open bidding at the hearing.