Issuu on Google+

TOWN OF VULCAN TITLE: Sale of Town-Owned Lots, Real Estate Co-Sales Agreement

POLICY NUMBER: F-5a Motion Number: 98.183

ADOPTED BY COUNCIL AT A REGULAR/SPECIAL COUNCIL MEETING: June 22, 1998

By-Law Number:

STATEMENT: Procedure and Agreement for the sale of Town-owned lots by Real Estate Companies shall be as follows: 

As agreed by Council (Motion No.98.183), an agreement may be entered into with a real estate company to sell two classes of property owned by the Town of Vulcan:  



Residential Commercial/Industrial

Sale of Residential Lots Where an agreement (Appendix A) has been entered into with a real estate company, a commission of five percent (5%) will be paid to the real estate company as per the agreement.



Sale of Commercial Lots Where an agreement (Appendix A) has been entered into with a real estate company, a commission of three percent (3%) will be paid to the real estate company based on fair market value as per the agreement.



/224-f-05a