1. Provide Real Estate Brokerage Services for the sale of real property for the Seattle Housing Authority (SHA). 2. Properties for sale will include projects up to 250 total units; most transactions are anticipated to primarily range from single-family homes to mid-size multifamily buildings of 100 units or less. Properties may also include vacant land. 3. Must be a professionally licensed real estate brokerage firm in good standing with the Department Of Licensing. 4. Shall comply with all federal, state, and local laws governing real estate agencies and fair housing practices as well as any additional requirements as directed by the HUD disposition process. 5. SHA shall not be responsible for the nonperformance of any such rules, regulations or policies by any other vendor, contractors, consultants or other third parties. 6. SHA seeks to award multiple contracts to brokerages that specialize in the sale of multifamily assets across that size range. Category 1 – Real Estate Marketing & Analysis: a) In consultation with SHA staff and outside consultants conceive, develop and implement a plan to market properties for sale to developers and/or other potential buyers consistent with SHA’s financial and policy objectives. b) Provide SHA staff with market analysis as appropriate. c) In consultation with SHA staff, develop evaluation criteria to help assess purchase offers, including but not limited to the following: • Demonstrated commitment to responsible asset stewardship and community engagement, and the preservation or expansion of affordable housing. • Demonstrated track record and financial capacity to complete transactions on time and in accordance with SHA’s requirements. Category 2 – Brokerage Services: a) Serve as the communication liaison between SHA, the Purchaser and the Purchaser’s agent. b) Analyze and present to SHA all offers from qualified buyers that reasonably respond to SHA’s goals, including written reports and recommendations. Be responsible for, but not limited to the following: • Effectively communicate with potential buyers of goals, objectives and requirements for redevelopment if applicable. • Shall market property for sale using industry-standard marketing platforms as well as direct marketing to brokerage clients, potential clients and other brokerages. • Email a weekly report or summary to SHA’s asset managers detailing advertising performance and summarizing any calls, showings or other client interaction from the week. • Make appropriate adjustments in strategy when reviewing and responding to inquiries. • Assist in the negotiation of purchase offers. • Prepare and present on SHA’s behalf, any counter offers or ancillary documents to the Purchase and Sale agreement. • In conjunction with SHA staff, provide information and documents relating to the transaction or negotiations necessary to prepare for Escrow closing.
