Staff Analysis of the Legislation
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This legislation authorizes cities and counties to retain the services of a licensed real estate broker to assist in the disposition of surplus real property. The services must be procured by an RFP, to include the minimum broker qualifications and experience. Said broker must then issue a call or request for sealed bids and publish notice in the legal organ, including a legal description of the real property to be sold; market the disposition of the property; comply with all laws; create a website which posts all information; immediately forward the sealed bids to the local government; is prohibited from working with or aiding a prospective buyer; and must agree upon the sales commission with the county. |
