Dubuque Board of Realtors Agreement Copyrighted
December 17, 2018
City of Dubuque Consent Items # 9.
ITEM TITLE: Dubuque Board of Realtors Agreement
SUMMARY: City Manager recommending approval of a three-year
Agreement between the City of Dubuque's Housing and
Community Development Department and the Dubuque
Board of Realtors to list City-owned properties.
SUGGESTED DISPOSITION: Suggested Disposition: Receive and File; Approve
ATTACHMENTS:
Description Type
Dubuque Board of Realtors Agreement-NNM Memo City Manager Memo
Staff Memo Staff Memo
Agreement Supporting Documentation
THE CITY OF Dubuque
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Masterpiece on the Mississippi Z°°'�w'2
7A13 2017
TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Agreement Between the City of Dubuque Housing & Community
Development Department and Dubuque Board of Realtors to List
City-Owned Properties
DATE: December 11 , 2018
Housing and Community Development Department Director Alexis Steger recommends
City Council approval of a three-year Agreement between the City of Dubuque's
Housing and Community Development Department and the Dubuque Board of Realtors
to list City-owned properties.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
�L;� 1��, ���,��
Mic ael C. Van Milligen �� �
MCVM:jh
Attachment
cc: Crenna Brumwell, City Attorney
Teri Goodmann, Assistant City Manager
Cori Burbach, Assistant City Manager
Alexis M. Steger, Housing & Community Development Director
THE CTTY OF Dubuque
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ui���eNe�ary
DUB E '�I}I��'
Masterpiece on the Mississippi �°' Z°'Z
2013 2017
To: Michael C. Van Milligen, City Manager
From: Alexis M. Steger, Housing and Community Development Director
Subject: Agreement Between the City of Dubuque Housing & Community
Development Department and Dubuque Board of Realtors to List City-
Owned Properties
Date: November 28, 2018
Introduction
The purpose of this memorandum is to request City Council to authorize signature of an
Agreement between City of Dubuque's Housing & Community Development
Department and Dubuque Board of Realtors to list City-owned properties.
Background
The City had a three-year agreement with the Board of Realtors that expired March
2018. The expired agreement states that "City will pay a listing fee of five percent (5%)
commission to the City selected REALTOR member with a minimum fee of$2,500.00. If
the City finds the Buyer, the listing fee will be half (1/2) of the five percent (5%), or two
and one-half percent (2.5%) commission with a minimum fee of $1 ,250.00." It continues
to say "If City has received interest from a potential Buyer for a property before the
property is listed with the selected REALTOR member, City must provide the REALTOR
member with the potential Buyer's name(s). If a potential Buyer provided to REALTOR
member by City makes an offer on the property (30) days or less from the time of the
listing, and that offer is ultimately accepted, then the City will pay the lower commission
of two and one-half percent (2.5%) or minimum fee of$1 ,250.00 to REALTOR
member."
Staff recommends continuing the Agreement as stated above, for an additional three
years.
Recommendation
I respecffully request City Council approval of the attached three-year agreement
between the City of Dubuque's Housing & Community Development Department and
Dubuque Board of Realtors.
KLN
Attach.
Cc: Crenna Brumwell, City Attorney
THE CITY O�DL'J3UQIT�S I30USL'�IG AIY�COiYI;VVYYCJc'VITY D�VELOPx1��ENT DEPAItTlI-fENT' '
AND�AST C�N'TRAI,IC►'��A ASS(7CIATIOI�I C1F R�AL�'��S
AGREEM��iT TO LIST'CI'I`Y OWI�iED PRt?PER�'IES
The City of Dubuque�Iousing arac!Cozn.munity Deveiopment Department(City)and rnembers a£the East
Central Iawa Association of REALTORS(IZ�ALTQRS)agree to tkle faZlowin�terms;
s The RE�I,TORS wi11 wark with City to list, naaz�kat and seal prt�perti�s n�vned by the City.
REALTOR members will list the praperty�asi�g an"Exclusive Agency Listin�;Contract", ,
+ City t�ill pay a listu�g fee of five percent(5%)comn7issian ta the City selected REALTOR
member with a minimum fee qf$2SOO.Q�. If the Cik.y t"uads the Buyer, the Iisting fee will be Izalf
{1/2) of th�five perce��.t(5°/'0), or t�vo and ane-l�alf percent(2.5%)comznzssian with a minixnuzn
fee of$1250.00.
� Reserved Praspects—If City has received intzrest from a potentiai Buyer far a property before
the praperty is listed with the selected REALTOR z?�ember,City must provide the REALTOR
meinber with the potential Buyer's narne(s), If a pot�ntial Suyex pravided to REALTQR zzzerszber
by City makes an offer on th.e properCy(3Q)days ar�ess fi�om�I�e tizne of the listi�zg, az�d that
affer is ultimately accepted, then the City wilI pay the lower eomn�ission aftwo and nne-half
percenC(2.5%)a�zxiini�num fee of$1?50.Q0 to R�ALT�R member.
� Buyers l�ave tlze right to chaase his/her own lender(s). Czty may reject a��y a£fer from a Buyer
basec�on his/her praposed�nai�cing, -
• The City will be prav�cied a Iist of REALTOI�member a�plicants secuz•ed by the ILEALTCIRS.
Tkae City wil�interview the REALTQR merz�bers an the list to determine wilether they meet th�
Cify's reqEiirernents,Tlze City may re�ect and deciz�e to�vaz•k with any F.EALTOK mernber that
does nat rneet City's requireinants.
p REALT4R mezxzbers selected by the City to Iist and seli Czty af Dubuque owned property wi3I
�lace praperty data ir� tk�e East Centxll Iawa Multipie Listing Service(ECTi1riLS)whzch xs
available to a1i 225 af the ECIMLS znembers. Par�ial lisCin�infaz�rzatzoaa is also syndicated to
aver t�irty(30) web based paz-tnexs that include Google,Trtalia, Cybet�Homes,Ebay,�'�cebook,
HauseHuzzting,etc.
� This�greement nzns for t�u•ee(3)years coznmencing with the signature date below. Either paz�ty
can cancef the agreement witia thirty(3Q) days written notice and for any reasan.
Signature ��c�— ���.,,(.v,�j Date: /r / 2-�l/ !�'
East Central Iawa A.ssoci�tion of Realtors President �
Signatt�re � Date:�/ �/ ��
Directar, ,ity of Dubu u ousiz�g a��d Cornmunity Develnprnent