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Selectboard authorizes three-broker listing approach and approves Realtor to list Fisher Drive lot at $55,000
Summary
Limerick selectboard voted to engage multiple realtors to market tax-acquired lots, asked staff to adjust commission language to a 6% maximum and authorized Casey Gray (REMAX Coastal) to list Map 38 Lot 3 (Fisher Drive) at a recommended $55,000.
The Limerick selectboard approved a plan to market town-owned, tax-acquired properties by inviting multiple realtors to present offers and authorized staff to sign listing agreements under revised commission terms.
Dan Hackett, who presented the staff report, outlined the plan to give three realtors the opportunity to present buyers and offers for several town lots. He said the approach is intended to let the town compare agents’ performance rather than pick a single broker immediately. Hackett told the board there are roughly 140 town-owned parcels acquired through settlements or tax actions and that some parcels are restricted or costly to develop.
Casey Gray, identified in the meeting as a listing agent with REMAX Coastal, reviewed a standard listing agreement and recommended a $55,000 list price for Map 38 Lot 3 (Fisher Drive). Gray said she does not recommend dual agency and proposed a typical 6% total commission split (3% listing/3% buyer-agent) and a short listing term with a carryover clause.
After debate about buyer-agent compensation and buyer representation—members questioned whether buyer compensation should be set to zero when buyers are unrepresented—the board moved to follow the staff recommendation. A motion to authorize the three-broker approach and to let Casey Gray list Map 38 Lot 3 under the terms presented passed; the board instructed staff to collect signatures and notify the realtors.
Why it matters: The board’s decision sets the process and commercial terms for selling multiple town properties. The commission and listing terms will affect buyer interest, perceived fairness and the town’s ability to recover administrative costs associated with municipal deeds.
The board also discussed one parcel that must remain recreation land under an earlier settlement; members cautioned that changing that designation would require extensive notice, planning-board revisions and an amendment to the settlement agreement.
Next steps: Staff will communicate commission-change requests to the named realtor (Peggy Hill was referenced as a listing agent for other lots), post listings publicly and present offers at subsequent meetings.
