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The selected real estate firm would become the City's `preferred real estate broker.' The exact <br />make up of parcels listed by the City's broker may change over time, depending on demand. <br />For example, when additional City owned land becomes available for development —or, if the <br />City Council determines certain parcels should be taken off the market. <br />The City expects 100 -150 acres of land to be listed with the selected real estate broker. Before <br />a specific inventory parcels is determined (for listing), the City Council would like to work the <br />selected real estate broker to discuss strategies. <br />QUALIFICATIONS <br />The following information is required and must accompany your proposal: <br />1. COVER LETTER: Indicating your interest in serving as the City's real estate agent/firm. <br />2. BACKGROUND: Provide general background information on your firm. <br />For example, general description of your firm, number and nature of <br />professional staff, available marketing methods, market research capabilities, <br />ability to reach regional /national marketplace, unique services and capabilities, <br />etc. <br />The City owns a large inventory of land with a mix of available uses (i.e. <br />multiple types of residential, retail, industrial, office, mixed -use). Please <br />indicate your firm's ability to market property for commercial and residential <br />users alike. <br />3. FEE SCHEDULE /PERM: <br />Commission Fees <br />The City of Ramsey is seeking a relationship in which all fees for services are paid <br />through commission fees, at the time of closing. The City does not wish to pay <br />regular, monthly or upfront fees. <br />A. Please state your required commission fee /rate <br />B. Please state your required co- broker commission fee /rate, if applicable <br />Carry -Over Compensation <br />The City of Ramsey is seeking a relationship in which no "carry- over" <br />compensation is required. Meaning, when the proposed contract for real estate <br />services is terminated, compensation fees would no longer be required. <br />C. Please indicate any `carry -over' fees your firm would require. <br />RFP, Real Estate Broker Services: City of Ramsey 09/30/2013 Page 2 of 4 <br />