Request for Proposals for Real Estate Brokers Services

The City of Redwood Falls (“City”) is seeking proposals from real estate brokers/firms to sell property owned by the City. The intent of this RFP is to have a broker/firm enter into a Professional Services Contract with the City for real estate brokerage services as outlined herein.

The City property to be sold are single-family residential properties located at: 504 Veda Drive, 508 Veda Drive, and 512 Veda Drive, all located in Redwood Falls.

The City will accept submissions until 10:00 a.m. on Friday, August 10, 2018. In order to ensure a fair review and selection process, brokers/firms submitting proposals are prohibited from contacting other City staff or Council Members regarding these proposals. All proposals, questions, and correspondence should be directed to: Amy M. Busse, City Attorney, 333 S. Washington Street, Redwood Falls, MN 56283, Email: abusse@ci.redwood-falls.mn.us, Phone: (507) 616-7400.

Interested brokers/firms are invited to attend an inspection of the homes on Tuesday, July 31, 2018 from 1:00 p.m. to 3:00 p.m.

Request for Proposals for Real Estate Broker Services Specifications

Terms and Conditions:
The successful broker/firm shall agree to contract with the City to do the following: analyze the market for sale of the properties, develop strategies for the sale of the properties, negotiate with potential buyers on behalf of the City, coordinate real estate appraisals, coordinate real estate transaction closings with the City Attorney, handle all customary activities and services associated in the normal course of business with real estate transactions, conduct presentations at public meetings if required, and consultation with City staff, including the City Attorney.

Respondents to this RFP shall have the following qualifications: must be licensed and in good standing with the State of Minnesota, must have excellent reputation in the real estate community, must be knowledgeable in the local real estate market and have experience with residential property, must be knowledgeable in the use of all public real estate records.

The contract period for the successful broker/firm will be from the date of the award through March 1, 2019. The contract may be renewed for additional terms upon satisfactory performance by the broker/firm and at an agreed to negotiate rate both the broker/firm and the City.

Issuance of this RFP and receipt of proposals does not commit the City to award a contract. The City reserves the right to postpone receipt date, accept or reject any or all proposals received in response to this RFP, or to negotiate with any of the brokers/firms submitting an RFP, or to cancel all or part of this RFP. The City also reserves the right to reject any offer for the purchase of a respective property if deemed unreasonable.

Proposals will be reviewed by City staff. Staff will recommend contract award/acceptance of a proposal to the Redwood Falls City Council at the regularly scheduled Council meeting on August 21, 2018.

By submitting a proposal, a firm/broker represents that they have thoroughly examined and become familiar with the scope of services outlined in this RFP and are capable of performing quality work to achieve the City’s objectives. The following information must accompany all proposals:

  1. List number of years in the real estate business and previous names of the firm, if any.
  2. Description of your firm: size, location, number and nature of professional staff.
  3. Brief resume for each key person to be assigned to the City.
  4. Experience in assisting similar size entities, including any and all services for government agencies.
  5. List of three references where and when your firm provided similar services. Please provide names and telephone numbers of contact persons for each reference.
  6. Additional services offered through your firm.
  7. Fee schedule: (1) Commission rate for each listing and selling of each respective property; (2) Proposed method of compensation or representing the City in negotiations for selling each respective property; and (3) State any other costs the City may anticipate relating to the real estate services to be provided.