LEE COUNTY’S REAL
ESTATE BROKERAGE COMMISSION PAYMENT
POLICY AND PROCEDURES
Policy: The county will pay one
real estate brokerage commission from the proceeds of the real property sale to a licensed
real estate broker representing a successful bidder whereby the broker has registered with
the county as the agent for the bidder prior to the bid opening.
The Commission paid will be no greater
than 6% of the total purchase price for properties valued at $50,000 or more, and no
greater than 10% of the total purchase price for properties valued at $49,999 or less.
A brokerage commission will be paid only
to a licensed real estate broker acting strictly as an agent for a successful bidder. No commission shall be paid by the county to any
licensee identified in the sale as a party vested with a beneficial interest at the time
of transfer of ownership.
Procedures:
1.
Following the Board of County Commissioners formally declaring a county-owned real
property to be surplus under F.S. 125.35, the county will advertise, by way of print media
and the internet, its desire to sell specific property to the highest/most responsive
bidder.
2.
Any broker or licensee of the broker interested in participating in the bid process
on behalf of a bidder will be required to register with the Division of County Lands their
intent to participate in the process, and will be required to sign an affidavit that they
are in fact, an agent for the bidder, and will hold the county harmless from any dispute
that may arise from the payment of a commission. The
agency will be verified by the Division of County Lands.
3.
The standard bid process as required by F.S. 125.35 will be followed.
4.
A commission will be paid to the broker, identified as representing the successful
bidder, upon closing with the broker’s principal.
NOTE:
The SURPLUS LAND REAL ESTATE BROKER REGISTRATION FORM must be completed,
fully executed, and made a part of the returned bid package. If not, a brokerage commission will not be paid.
SURPLUS LAND REAL ESTATE BROKER REGISTRATION FORM
LEE COUNTY
FORMAL QUOTE NO.
Q-_____________
I, _(Name of Broker)_____, am an active, licensed Real Estate Broker
in the State of Florida, and hold a current, valid Florida Real Estate Broker’s
License. I am acting as the Agent for
_(Bidder's Name)_,
I affirm that I am not a vested party of the bidder.
I agree that I will receive only a brokerage commission if the above
named bidder is the successful bidder on the subject property, and after the closing
between the County and this bidder has been successfully concluded.
My commission will be _______
% of the bid amount.
I agree that I will not receive, nor am I entitled to, any portion of
any deposits given to Lee County by the successful bidder, in the event of the forfeiture
of said deposit(s) for any reason(s).
I agree to indemnify and hold Lee County harmless from any dispute(s)
that may arise between myself and any other party concerning the payment of the commission
for the services I provided to the above bidder concerning the purchase of the subject
property.
_____________________________________
Real Estate Broker
_____________________________________
Print Name
_____________________________________
Florida Real Estate License Number
Sworn to and subscribed before this ______ day of _________________,
20___, by _________________________________________, who is personally known to me or who
has produced the following identification: ____________________________________.
_____________________________________
Signature of Notary Public
SEAL
_____________________________________
Name typed, printed or stamped
Title or Rank
Serial Number, if any