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CBRE REAL ESTATE MARKETING AND BROKERAGE SERVICES PROPOSAL <br />Commission Fees <br />Direct Sale: <br />Co -Brokered: <br />Listing Side: <br />Buyer's Agent: <br />5% of the sale price <br />7% of the sale price <br />3.5% of the sale price <br />3.5% of the sale price <br />Minimum fee for industrial land will be based on $2.00/SF <br />Minimum fee for residential land parcels will be $5,000 to CBRE. <br />1. Comprehensive Marketing Package <br />A comprehensive marketing package including color photos, <br />brochures, website, aerial photos, floor plans, etc. <br />Budget $5,000.00 - $6,000.00 <br />2 Property Signs <br />Budget $8,000.00 <br />Total Recommended Marketing Budget: $13,00000-$14,000.00* <br />*CBRE covers 100% of all marketing costs, with no out-of-pocket expenses to the City for standard <br />marketing. <br />LISTING AGREEMENT: The Listing Agreement will be for three years, with the option to cancel <br />after Year 1 with a 90-day written notice by either party. <br />CARRY OVER: Per State of Minnesota law, CBRE would provide a protective list of prospects <br />within 72 hours of Listing termination. <br />OTHER FEES/COMPENSATION: CBRE is available on an hourly fee basis for projects outside <br />the scope of this Proposal. <br />16 I CBRE <br />