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City of Waco·Texas

Real Estate Broker On-call Services

Closes 8/24/2026$50k – $500kRequest for Proposal
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Description

The City of Waco is seeking an experienced real estate brokerage firm to provide on‑call services for the sale and disposition of city‑owned real estate assets. The selected broker(s) will be responsible for marketing, listing, negotiating, and closing transactions for a variety of property types owned by the municipality, ensuring maximum value and compliance with local regulations. This contract is structured as an on‑call arrangement, allowing the City to engage the broker(s) as needed for multiple transactions over the life of the agreement. • Scope includes sale/disposition of city‑owned land, commercial buildings, and surplus properties. • Broker must handle all aspects of the transaction: valuation, marketing, buyer qualification, negotiation, and closing. • Services are on‑call, meaning the City may request the broker’s assistance multiple times during the contract period.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Kasey Gamblin(Purchasing Agent)

[email protected]

Key dates

Opened
8/8/2026
Closes
8/24/2026

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531210
Solicitation №
RFP-2026-049-0-2026/KG

Budget estimate

$50,000 – $500,000

No budget is disclosed; typical municipal real‑estate brokerage fees range from 2‑5 % of the transaction value. Assuming the City may sell properties totaling between $2 million and $10 million over the contract term, the expected earnings could fall between $40,000 (2 % of $2 M) and $500,000 (5 % of $10 M). This estimate accounts for variable transaction volumes and commission rates.

AI estimate from the solicitation

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