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  5. ›Realtor Services for the Sale of 66 Loring Avenue, Salem, MA

Salem State University·Massachusetts

Realtor Services for the Sale of 66 Loring Avenue, Salem, MA

Closes 6/25/2026$80k – $150kRequest for Proposal
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Description

This solicitation calls for a Massachusetts‑licensed commercial real‑estate brokerage to act as the exclusive realtor for the sale of a commercial parcel located at 66 Loring Avenue (also known as 122 Broadway) in Salem, MA. The selected firm will set an approved asking price, market the property, conduct showings, negotiate offers, and handle all closing paperwork while providing regular status reports to the Salem State University Assistance Corporation. The engagement is a single‑award contract with no guaranteed future work. • Must be a Massachusetts‑licensed commercial broker and provide all licensing, insurance, and tax compliance documentation. • Deliverables include a market analysis with suggested asking‑price range, advertising plan, fee proposal, and sample engagement letter. • Required attachments: firm profile, realtor résumés, two business references, liability insurance certificate, and a yes/no disclosure on any pending litigation or debarment. • Key dates: walk‑through June 8‑11, questions due June 18, bid deadline June 25 12:00 PM, award expected July 2026.

Attached files

Contact

Reynaldo Ramos(AVP of Purchasing and Auxiliary Services)

[email protected]

Key dates

Opened
5/29/2026
Questions due
6/18/2026
Site visit
6/8/2026
Closes
6/25/2026
Projected award
7/1/2026
Duration
3 months

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531210
Solicitation №
SSU 2026-02B

Budget estimate

$80,000 – $150,000

The solicitation does not disclose a fee schedule, but commercial brokerage contracts typically charge a commission of 5 %‑6 % of the final sale price. Assuming a market value for the Salem property in the range of $1.5‑3 million, the broker’s earnings would likely fall between $75,000 and $180,000. This estimate reflects commission rates, the anticipated sale price range, and the single‑sale nature of the work.

AI estimate from the solicitation

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