Real Estate Brokerage Services

The Vendor is required to provide real estate services to assist the city in the disposition of tax-acquired properties in a manner that maximizes value, ensures transparency, and complies with applicable state law.
- Requirement:
1. Property evaluation
•    Conduct and provide a comparative market analysis (CMA) for each assigned property;
•    Recommend an appropriate listing price based on current market conditions;
•    Identify any factors impacting marketability (e.g., access, zoning, condition).
2. Marketing and listing
•    List properties on the multiple listing service (MLS);
•    Market properties through appropriate channels (online platforms, signage, broker networks, etc.);
•    Ensure broad and equitable market exposure;
•    Coordinate and host showings, open houses, and broker tours as appropriate.
3. Sales process management
•    Receive, review, and present all offers to the city;
•    Provide professional recommendations regarding offer strength and terms;
•    Assist with negotiations at the direction of the city;
•    Coordinate purchase and sale agreements.
4. Transaction coordination
•    Work with title companies, attorneys, and city staff to facilitate closings;
•    Ensure all required disclosures are completed;
•    Assist in resolving title or access issues to the extent feasible.
5. Compliance and documentation
•    Maintain records demonstrating marketing efforts and exposure;
•    Assist the city in documenting compliance with state statutory requirements;
•    Provide documentation necessary to support reporting obligations, including sale price, days on market, and marketing history.
6. Advisory services
•    Advise the city on market trends and conditions;
•    Recommend strategies for difficult-to-sell or surplus properties;
•    Provide input on timing and sequencing of property sales.