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2021-177A
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2021-177A
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Last modified
12/3/2021 5:00:40 PM
Creation date
12/2/2021 1:54:48 PM
Metadata
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Template:
Official Documents
Official Document Type
Agreement
Approved Date
11/02/2021
Control Number
2021-177A
Agenda Item Number
8.F.
Entity Name
Colliers International Florida, LLC
Subject
Real Estate Broker Services Agreement, award of RFP 2021011
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• Verify current zoning of excess County properties and support County staff in rezoning of parcels <br />to maximize market value based on the 'highest and best' use permitted by the Indian River County <br />Zoning Ordinances and Comprehensive Plan. <br />• Accurately list the property with the Multiple Listing Services (MLS) and any other appropriate <br />listing service for this type of property. <br />• Provide technical assistance and advice on the presentation of the property for sale or lease. <br />• Study the relevant market factors and advise the County on how current market conditions may <br />affect the sale or lease of the property. <br />• Prepare a list of comparable sites and their asking prices or rents and recommend a listing price <br />or rent, tenant improvement levels, and concessions. <br />• Identify competing properties and how the County property may compete successfully. <br />• Coordinate real estate appraisals. <br />• Identify the type(s) of buyers or tenants that would be attracted to the property. <br />• Determine that the buyer or tenant is qualified financially to close the purchase or lease. <br />• Forward offers to the designated County contact person for consideration of sale or lease. <br />• Assist with the sale or lease negotiations for accepted offers. <br />• Assist with all pre-closing, closing and post -closing matters. <br />3. No additional payments will be made over and above the agreed upon commission rate to any <br />Broker/Agent for any reason and no payment will be made or due if the property is not sold or leased <br />during the Agreement period, unless otherwise agreed to in writing. <br />SECTION IV TERM <br />The term of this Agreement is two years, with two additional two-year renewals available. Renewals <br />shall be based on the mutual agreement between the County and the BROKER to provide the identical <br />services required under this Agreement as outlined in the Scope of Services and maintain the same <br />terms, conditions, and revenue / commission payment structure as delineated herein. All renewals must <br />be offered in writing at least ninety (90) days prior to the termination of this Agreement period. <br />NOTE: BROKER may exercise the option to renew by submitting a written submission ninety (90) days <br />prior to the termination of the Agreement period. <br />4 <br />
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