Real Estate Broker Service

The City of Port St. Lucie awarded a contract to Colliers International South Florida, LLC for real estate broker services. The contract began on January 13, 2020, and was initially valid for a two-year period. An amendment was made to renew the contract for an additional year, ending on January 12, 2023. The contract amount is 5% of the purchase price or rental rate of the property. The scope of work includes providing real estate broker services to the City. Key points of the contract include: • The contract term is for three years, with an option for renewal. • The contract amount is 5% of the purchase price or rental rate of the property. • The vendor is responsible for providing real estate broker services to the City. • The contract can be terminated by either party with written notice. • The contract is governed by the laws of the State of Florida.