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Awarded contract·City of Clermont·Florida

Real Estate Broker Services

Won by Horizon Real Estate Solutions, LLC$3.1MSingle Award
Contract source

Awarded vendors

  • Horizon Real Estate Solutions, LLC

Description

The City of Clermont, Florida, has awarded a contract to Horizon Real Estate Solutions, LLC, for real estate broker services. The contract is for a term of three years, with the option to renew for an additional three years. The contractor will provide on-call real estate broker services, including market analysis, development of strategies for the sale and/or lease of properties, negotiation with buyers or lessees, coordination of real estate appraisals, and coordination of real estate transaction closings. The contractor will also provide other customary activities and services associated with real estate transactions. The contract includes a fee schedule, which outlines the commission rates and other charges for the services provided. Some key points to consider are: • The contract is for a term of three years, with the option to renew for an additional three years. • The contractor will provide on-call real estate broker services, including market analysis, development of strategies for the sale and/or lease of properties, negotiation with buyers or lessees, coordination of real estate appraisals, and coordination of real estate transaction closings. • The contract includes a fee schedule, which outlines the commission rates and other charges for the services provided. • The contractor must maintain an office that complies with state statutes and the rules of the Florida Real Estate Commission. • The contractor must have a real estate broker license for a minimum of five years. • The contract includes provisions for dispute resolution, indemnification, and termination.

Attached files

Key dates

Starts
8/9/2023
Ends
8/8/2026Renews
Duration
3 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Real Estate
NAICS
531210
Solicitation №
2023-082

Contract value

$3,150,000

The value of the contract is not explicitly stated in the contract document. However, based on the fee schedule provided in Exhibit A, it appears that the contractor will be paid a commission rate of 6% of the purchase price for sales and 10% of the annual rent for leasing. The total value of the contract will depend on the number and value of the properties sold or leased during the term of the contract. Assuming an average property value of $500,000 and an average annual rent of $50,000, the total value of the contract could be estimated as follows: - Commission for sales: 6% of $500,000 = $30,000 per property - Commission for leasing: 10% of $50,000 = $5,000 per year per property - Total commission per year: $30,000 per property + $5,000 per year per property = $35,000 per property per year - Total value of the contract for three years: $35,000 per property per year x 3 years = $105,000 per property - Assuming an average of 10 properties sold or leased per year, the total value of the contract for three years would be: $105,000 per property x 10 properties per year x 3 years = $3,150,000 This is a rough estimate and the actual value of the contract may be higher or lower, depending on the actual number and value of the properties sold or leased during the term of the contract.

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