Real Estate Broker Services

The Western Regional Off-Track Betting Corporation (WROTB), a New York public benefit corporation, is requesting proposals for commercial real estate broker services to facilitate the sale of approximately five improved commercial parcels across its seventeen-county footprint in Western, Central, and Finger Lakes regions of New York, with proposals due October 29, 2026 at 3:00 p.m. EST. Questions are due October 14, 2026 at 4:30 p.m. EST.

Proposers must be qualified commercial real estate brokers or firms with demonstrated experience in WROTB's service area. Proposers may not be current or former officers, board members, or employees of WROTB within the preceding five years. The selected firm will provide marketing strategy development, listing creation with professional photography, buyer qualification, price negotiation, transaction management, closing facilitation, and regular reporting on sale status and market feedback.

Proposals will be evaluated on experience and qualifications in commercial real estate transactions within WROTB's service area, demonstrated success with past sales, quality of proposed marketing and sales strategy, reasonableness of fees and commissions, and overall responsiveness and compatibility with WROTB's objectives. Proposers must submit detailed fee proposals outlining commissions and all associated costs such as marketing expenses, a statement of qualifications, proposed approach to valuation and marketing, proposed timeline with key milestones, non-collusion certification, finance law affirmations, certification of compliance, and references. The successful proposer must maintain professional liability insurance of $1,000,000 per claim and aggregate and commercial general liability of $1,000,000 per occurrence, and comply with all applicable federal, state, and local laws including those of the New York State Gaming Commission. The contract is subject to approval by the WROTB Board of Directors. WROTB reserves the right to reject any or all proposals and terminate the contract for convenience with thirty days' written notice or for cause immediately.