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Committee hears bill to allow cities to use exclusive real-estate listings; motion to advance fails
Summary
Representative Jonathan Worrie introduced House Bill 1401, which would allow cities to use exclusive listing agreements with licensed brokers to sell public real estate.
Representative Jonathan Worrie (District 22) introduced House Bill 1401, which would allow cities to use exclusive listing agreements with licensed real-estate brokers when selling publicly owned property.
Supporters said the current process limits marketing reach and may suppress sale prices. Stephanie Ingebretsen, deputy director and attorney for the North Dakota League of Cities, told the committee that cities currently have two options: a public sale (published in a newspaper twice, oral or written competitive bids and a requirement to accept the highest bid) or a nonexclusive listing agreement that often fails to get properties onto MLS and attracts little broker interest. She said…
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