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  5. ›23/0355 - Realtor Services for the Sale of Ward Property…

Awarded contract·Harris County·Texas

23/0355 - Realtor Services for the Sale of Ward Property for Harris County Resources for Children and Adults

Won by Terra Point Realty, LLC$100kSingle Award
Contract source

Awarded vendors

  • Terra Point Realty, LLC

Description

This contract is for realtor services for the sale of ward properties for Harris County Resources for Children and Adults. The contract was awarded to Terra Point Realty, LLC and has a term of 2 years, from February 27, 2024 to February 26, 2026. The contract is renewable and has an option for renewal. The services provided under this contract include the sale of ward properties, and the vendor will be paid a commission rate through the sale of the properties. Key points to consider are: • The contract is at no cost to Harris County, as the vendor will be paid through the sale of the properties. • The contract has a term of 2 years, with an option for renewal. • The vendor will provide realtor services for the sale of ward properties. • The contract was awarded to Terra Point Realty, LLC. • The contract is managed by the Purchasing Department of Harris County.

Attached files

Key dates

Starts
2/27/2024
Ends
2/26/2026Renews
Duration
2 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Real Estate
NAICS
531210
Solicitation №
171322

Contract value

$100,000

The contract value is not explicitly stated, but it can be inferred that the contract is at no cost to Harris County, as the vendor will be paid a commission rate through the sale of the properties. Therefore, the contract value is likely to be the total commission earned by the vendor, which cannot be determined without knowing the total value of the properties to be sold. However, assuming an average property value of $200,000 and a commission rate of 5%, the total commission earned by the vendor could be around $10,000 per property. If 10 properties are sold, the total contract value would be around $100,000.

AI estimate from the award documents

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