Request for proposals (RFP) for services of wisconsin licensed real estate broker

The City of Edgerton, Wisconsin is seeking proposals from qualified real estate brokers licensed in the state to market and facilitate the sale of the Veterans' Memorial Community Center located at 414 Albion Street. The procurement involves comprehensive brokerage services including property valuation, market analysis, property showings, purchase agreement drafting, closing participation, and sale negotiations. Qualified respondents must hold an active Wisconsin real estate brokerage license in good standing, demonstrate commercial property sales experience, and possess knowledge of local real estate markets and zoning ordinances. Proposals must be submitted to Jenny Salvo by 2:00 p.m. on February 27, 2020, through in-person delivery, mail, fax, or email. The evaluation criteria will weight fees at 40 percent, with the remaining 60 percent distributed across real estate experience and qualifications (20 percent), local market knowledge and analytical capability (20 percent), and proposed marketing strategy (20 percent). The Finance Committee will review submissions and recommend a successful bidder to the City Council.

The RFP does not specify any specific set-aside designations or restrictions for disadvantaged enterprises. The initial contract term is six months, with mutual options to extend for additional six-month periods not exceeding six months each. Compensation is structured as a brokerage commission based on a percentage of the selling price, to be paid from sale proceeds. Brokers may propose alternative commission percentages for up to three currently known potential buyers, with names to be disclosed prior to contract execution. Respondents are required to provide certificates of Insurance for General Liability and Worker's Compensation coverage and three independent references. The City reserves the right to reject any or all proposals, negotiate with respondents, request additional information, and cancel the RFP at any time. While no specific budget range is mentioned, the compensation will be directly tied to the successful sale price of the Veterans' Memorial Community Center.