Agenda - Council - 12/10/2013 - Laserfiche WebLink

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Cd M!1ERC Al 3. Fee Schedule/Term KW Commercial MN $; Keller Wiiiiams Fealty Integrity NW response to City of Ramsey Real Estate Braker Se viaes RFQ 11128,'2013 A proposed 12 month Exclusive Listing Contract with the City of Ramsey to include a Listing Broker Commission of: 5. r75% of property sale or exchange price, for each property that is said and/or exchanged odor above $50,000,OO; for each properly sold andlor exchanged below $50,000OD a flat Listing Broker Commission of $3,000,00 per property shall apply. All Selling Broker Commissions are to be paid upon successful closing, at the time of closing, as negotiated with the City of Ramsey; a portion of the Listing Broker Commission may be paid to cooperating Buyers Broker, as appropriate. In addition to the Listing Broker Commission, Seller would agree to pay a $299,O0 Broker Administrative Commission (see Supporting Documents) on the first five transactkons closed during a calendar year (January 1 to December 31) and $0.00 Broker Administrative Commission thereafter during the same calendar year (resulting In a maximum Broker Administrative Commission during a calendar year of $1,405_OQ). This fee structure would result in no upfront cast to the City of Ramsey. "Carry Over Compensation" of the above proposed Listing Broker Cornmission, not to exceed 180 days after: the expiration of 12 month Exclusive Listing Contract as defined in "Listing Contract" (see Supporting Documents) or early termination as mutually agreed upon by bath parties for all properties listed under "Listing Contract." "Early Termination" in the event a party wishes to end the Listing Contract prior to the 12 month expiration date, bottii parties must mutually agree to early termination, in writing, and the "Carry Over Compensation" provision as listed above would remain in effect for the full 180 days after the emitted has ended. In addition, the City of Ramsey would agree to reimburse Listing Brokerage for actual expenses associated with marketing of property i.e. signage, print marketing materials, mailing cost, etc. Scope of work performed under this proposal is to comply with all State and Local laws and reguiatians. 4. Conflict of Interest Although no Conflict of interest exists, to offer complete transparency, licensed Realtor® Ryan Hardin hae a direct fair Ilia! relation with a current member of the City of Ramsey EQA, Glen Hardin. 5. Governmental Standing Alliance Real Estate LLC, has good standing with the Minnesota Department of Commerce and the Association of Realtors (both state and national). In addition,, all State and Federal taxes are current. Firm legal name and Tax ID provided in Supporting Documents. 6, Disclaimer Information contained in this proposal shall in no way be doerned as a contractual obligation by either the City of Ramsey or Alliance Real Estate LLG. Parties agreeing to specific terms shall enter into a formal contract, Page-3