Exhibit F_Scope of Work.pdf

Exhibit F - Scope of Work

Professional Real Estate Brokerage Services for the Sale of Washington State Department of Transportation owned Real Estate

1. Purpose

The Real Estate Broker shall provide professional real estate brokerage services to assist Washington State Department of Transportation ("WSDOT") in marketing, negotiating, and facilitating the sale of vacant land owned by WSDOT. Services shall be performed in accordance with applicable federal, state, and local laws, professional real estate standards, and WSDOT policies.

2. Objectives

The objectives of this contract are to:

Maximize the market value of surplus vacant land.

Ensure an open, competitive, and transparent sales process.

Minimize the length of time properties remain on the market.

Provide professional representation throughout the marketing and disposition process.

3. Scope of Services

The Contractor shall provide, at a minimum, the following services:

A. Property Evaluation

Review available title information, surveys, legal descriptions, zoning, and land use designations.

Market the property across various platforms to ensure maximum exposure.

B. Marketing Strategy

Develop and implement a comprehensive marketing plan that may include:

Listing the property on the Multiple Listing Service (MLS), where appropriate.

Advertising on commercial and land marketing platforms.

Digital marketing campaigns.

Targeted outreach to developers, investors, agricultural users, conservation organizations, and adjacent property owners, as appropriate.

Email marketing to qualified buyers and industry contacts.

Installation of signage when approved by WSDOT.

Production of professional marketing materials including photographs, aerial imagery, maps, and property brochures.

C. Property Information Management

Assemble and maintain marketing packages containing available property information.

Respond to inquiries from prospective purchasers.

Coordinate distribution of property documents approved by WSDOT.

Maintain records of all interested parties.

D. Property Showings

Coordinate and conduct site visits.

Schedule appointments with prospective purchasers.

Ensure compliance with WSDOT access requirements and safety protocols.

Document all property showings and provide summaries upon request.

E. Offer Management

Receive and present all offers promptly.

Analyze offers and prepare written summaries.

Assist WSDOT in evaluating purchase proposals.

Negotiate terms as directed by WSDOT.

Ensure all negotiations comply with applicable procurement and disposal requirements.

F. Transaction Coordination

Following acceptance of an offer, the Real Estate Broker shall:

Coordinate communication among buyers, title companies, escrow officers, surveyors, inspectors, and legal representatives.

Monitor contractual deadlines.

Facilitate due diligence activities.

Assist in resolving issues that arise before closing.

Coordinate closing activities through transfer of ownership.

4. Reporting Requirements

The Contractor shall provide written reports to WSDOT that include:

Marketing activities performed.

Number of inquiries received.

Number of property showings.

Feedback from prospective purchasers.

Marketing recommendations.

Pending negotiations.

Status of active transactions.

Reports shall be submitted monthly or as otherwise requested by WSDOT.

5. Deliverables

The Contractor shall provide:

Comparative Market Analysis or Broker Opinion of Value.

Written Marketing Plan.

Professional property listing.

Marketing materials and advertisements.

Monthly activity reports.

Documentation of inquiries and showings.

Offer summaries and negotiation recommendations.

Closing coordination documentation.

Final transaction report upon closing.

6. Contractor Qualifications

The Contractor shall:

Hold an active real estate broker license in the State.

Maintain Errors and Omissions (E&O) insurance.

Demonstrate experience marketing vacant land, agricultural property, commercial land, or public-sector real estate.

Demonstrate familiarity with WSDOT’s real estate transactions.

Maintain all required business licenses and insurance.

7. WSDOT’s Responsibilities

WSDOT shall:

Provide available property records and legal documentation.

Review and approve listing prices and marketing materials.

Authorize contract negotiations.

Execute purchase agreements and closing documents.

Make final decisions regarding acceptance or rejection of offers.

8. Performance Standards

Performance shall be evaluated based on:

Quality and effectiveness of marketing efforts.

Timeliness of deliverables.

Responsiveness to WSDOT’s requests.

Accuracy of transaction documentation.

Compliance with applicable laws and WSDOT requirements.

Professional communication and customer service.

Ability to obtain competitive offers that reflect fair market value.

9. Compensation

Compensation shall be commission-based, fixed-fee, or as otherwise specified in the contract.

Payment shall be contingent upon successful completion of services and compliance with contract requirements.

10. Compliance

The Contractor shall comply with:

All applicable federal, state, and local laws.

State ethics and conflict-of-interest requirements.

Public records and records retention requirements.

Equal opportunity and nondiscrimination laws.

WSDOT procurement and surplus property disposition policies.

Use of the agreed upon Real Property Purchase & Sale Agreement

11. Term of Services

Services shall commence upon execution of the contract and continue through completion of the sale of assigned properties or until contract expiration. The State reserves the right to cancel any listing, regardless of listing expiration date, and cancel any or all sales or reject offers. All Sales are subject to approval by the Secretary of Transportation.

Listing agreement(s) will be in 6 month increments.