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Ashland County committee raises realtor minimum to $3,000 for certain tax-deed sales, approves listing prices
Summary
The county zoning and land committee voted Nov. 20 to amend its realtor agreement so that Tony Jennings will receive a $3,000 minimum commission on sales that leave at least $3,000 above what the county is owed, and it approved listing prices for several foreclosure properties.
The Ashland County Zoning and Land Planning Committee voted Nov. 20 to modify its realtor agreement so that Tony Jennings would be paid a $3,000 minimum commission on tax-deed property sales provided sale proceeds leave at least $3,000 above the county’s outstanding balance.
Pat Kenny introduced the motion: "I'll make a motion we modify the agreement that Tony Jennings be compensated 3,000 as a minimum commission provided the proceeds of the sale leave at least 3,000 above what the county is owed on that property." Jim Schultz seconded the motion and the committee approved it by voice vote.
Committee members had discussed the trade-offs between compensating the county and maintaining a working realtor relationship. Members noted the committee previously authorized a 6% commission or a $1,000 minimum on listings; they debated whether some listings could justify a higher minimum when sale proceeds permit. Pat Kenny emphasized wanting to keep the sole responding realtor engaged, noting co-broking arrangements can further reduce the commission that reaches the listing broker.
After approving the commission change, the panel voted to approve suggested listing prices for the top seven foreclosure-sale properties that staff and the county’s realtor had proposed. Staff said properties with addresses in bold on the list include buildings; most of the top-seven group were those requiring immediate listing.
Staff also clarified closing logistics: title insurance will be included for properties that title companies are willing to insure (properties taken before 2023); for properties the market will not insure, the county will provide title reports and arrange closings through Max Lindsey for buyers, and title-related costs may be taken from sale proceeds.
Next steps: staff will update listing contracts to reflect the 6% or $3,000 language and will return any recommended contract-language changes to administration and the committee for review.
