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This Solicitation opportunity from Texas was posted on May 17, 2024. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

RFP: Commercial Real Estate Brokerage Services

Closed
451-24-001State & Local

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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NAICS: 531210
New
SLED
Real Estate Brokerage Services
Solicitation # BD-27-1267-SEL02-SEL02-134534
The Town of Fairhaven is soliciting sealed proposals for Real Estate Brokerage Services to manage the marketing and sale of residential, commercial, and industrial properties. The primary objective is to address a backlog of over 80 properties subject to foreclosure through court actions and the Chapter 140 of the Acts of 2024 Tax Title Reform. The selected vendor will act as the seller's agent, providing MLS listing and advertising, pricing strategies, technical assistance in identifying buyers, and negotiation support in coordination with the Town Treasurer, Town Administrator, and Selectboard through the final closing transactions. This is a three-year agreement, subject to annual appropriation, governed by the laws of the Commonwealth of Massachusetts and Massachusetts General Laws Chapter 30B. Qualified proposers must hold an active Massachusetts real estate broker's license and certify that no assigned agents are employees or elected/appointed officers of the Town of Fairhaven. Evaluation is based on the most advantageous proposal, considering price and technical criteria such as regional experience in Southeastern Massachusetts, a track record of selling foreclosed or distressed properties, and knowledge of municipal tax foreclosure procedures. Proposals must be submitted in two separate sealed envelopes—one for the Non-Price Technical Proposal and one for the Price Proposal—by November 12, 2026, at 10:00 AM. Contractors are required to maintain significant insurance coverage, including General Liability of $1,000,000 per occurrence and $2,000,000 aggregate, Auto Liability of $1,000,000, and Professional Malpractice insurance of $1,000,000 per claim and $3,000,000 aggregate. Additionally, key employees must complete mandatory online ethics training via the State Ethics Commission. The contract is exempt from Massachusetts Sales Tax, and any assignment or subcontracting of services requires prior written consent from the Town.
Town of Fairhaven

POSTED

6 days ago

DEADLINE

in 15 days

AI Contract Overview

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The Texas Department of Banking, along with the Department of Savings and Mortgage Lending and the Office of Consumer Credit Commissioner, is seeking proposals from qualified, independent firms to provide commercial real estate brokerage services. The contract aims to secure professional assistance in real estate transactions related to the agencies' operations within Texas, with project values estimated between $500,000 and $2,000,000. The solicitation, identified as RFP: Commercial Real Estate Brokerage Services with solicitation number 451-24-001, was posted on May 17, 2024, and responses are due by June 4, 2024. Interested firms are encouraged to review the detailed specifications and submit their proposals through the designated platform. The contract is categorized under NAICS code 531210, which pertains to real estate brokerage services, and is designated as a SLED (State and Local Government) procurement. The primary point of contact for inquiries is Christopher Wood, reachable via email at [email hidden] or by phone at [phone hidden]. The contract will be executed within Texas, and further details, including submission guidelines, can be accessed through the official procurement website.

General Info

Agency

Texas Department of Banking

Place of Performance

TX, USA

Set-Aside

NONE

Documents

2

RFP 451-24-001: Commercial Real Estate Brokerage Services

PDF, High priority: read this firstrfp
High

RFQ 451-24-001 Questions & Answers

PDF, High priority: read this firstq-and-a
High

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Timeline

PhaseClosed
Posted

Solicitation

Response Deadline

Deadline has passed

Submission Closed

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Organization & Contact Information

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AgencyTexas Department of Banking
Contacts1 person available
OfficeN/A
Organization / Agency
Texas Department of Banking
Office AddressN/A
Contacts

Full Description

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The Texas Department of Banking, the Department of Savings and Mortgage Lending, and the Office of Consumer Credit Commissioner seek proposals from qualified, independent firms to provide commercial real estate brokerage services in accordance with the specifications contained in this Request for Proposal.

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