Real Estate Brokerage, Leasing, and Management Services

The Texas General Land Office (GLO) is seeking qualified real estate brokerage, leasing, and management services providers through a Request for Qualifications (RFQ) for a contract period from execution until December 31, 2031. The solicitation covers comprehensive real estate services across six geographic zones in Texas, including brokerage, property leasing, and management for diverse property types such as raw land, residential (single-family and multifamily), office, commercial, and industrial properties. Key deliverables include marketing properties, developing disposition plans, coordinating with potential buyers, providing broker opinions of value, and completing property transactions. The GLO will evaluate responses based on demonstrated qualifications (45%), key staff experience (50%), and overall responsiveness (5%), with providers required to be in good standing with the Texas Real Estate Commission or Texas Department of Licensing and Regulation. The RFQ was released on October 16, 2025, with proposals due by November 21, 2025, at 2:00 p.m. CT. The solicitation anticipates multiple Indefinite Delivery/Indefinite Quantity (IDIQ) contracts, with no guaranteed volume of work and assignments to be made through individual work orders.

The procurement includes a Historically Underutilized Business (HUB) subcontracting goal of 25% of the total contract value, indicating a strong emphasis on supporting disadvantaged enterprises. Providers must demonstrate the ability to serve one or more of the specified geographic zones and may be awarded exclusive listing agreements for specific properties at the GLO's discretion. All properties will be required to be sold at or above market value. The financial evaluation will be comprehensive, utilizing a detailed Financial Worksheet that assesses financial health through various metrics including liquidity, solvency, profitability, and an Altman Z'-Score calculation. While no specific contract value or budget range is explicitly stated, the multi-year contract and broad scope suggest significant potential opportunity for selected vendors. The GLO's approach indicates a thorough vetting process that will carefully evaluate both qualitative service capabilities and financial stability of potential real estate service providers.