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Finance committee recommends Epstein for commercial realtor services; full council to review
Summary
The Bangor City Finance Committee recommended contracting Epstein Commercial Real Estate to handle commercial property sales, citing staff interviews and local market familiarity. The committee noted the 8% flat commission and said the contract will go to full City Council next week because the five-year total may exceed $250,000.
The Bangor City Finance Committee recommended contracting Epstein Commercial Real Estate to provide commercial realtor services, citing staff interviews that indicated stronger local market connections.
Staff told the committee the city sent two bids for commercial realtor services after separating residential and commercial work: Epstein Commercial Real Estate and the Bullis Company. "This is the commercial side," staff said when introducing the item. Staff reported Epstein proposed a flat 8% commission while Bullis offered a sliding-scale commission plus an additional valuation fee if needed. Staff said interviews with the firms led them to conclude Epstein had better contacts and a stronger understanding of the Bangor market than the…
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