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Higley Unified board approves amended listing agreement with Nathan and Associates
Summary
The Higley Unified School District governing board voted 5-0 to approve a listing agreement with Nathan and Associates Inc., removing lease authority from the agreement and preserving the termination/auto-renewal structure after discussion about commission, appraisal timing and dual agency.
The Higley Unified School District governing board voted 5-0 to approve a listing agreement with Nathan and Associates Inc., amending the agreement to remove the word "lease" from paragraph 1 and keeping the contract’s termination/auto-renewal structure as discussed by board members and staff (meeting date not specified in the transcript).
Board member Van Hook moved to "approve the contract as presented with paragraph 1, line 3, to remove the word lease," and the motion was seconded and carried on a 5-0 voice vote, President Wade announced.
Nathan and Associates representative Ryan Duncan told the board the lease language is "boilerplate" and can be edited to reflect the district's preference: "If the preference is just to be for sale only, we can make it that way," he said. Duncan described the commission language as standard seller-paid compensation; the draft lists a 2% commission payable to the seller’s broker, and he explained that brokers commonly receive fees even if a purchaser is later identified through another source because brokers perform proactive market work.
District staff confirmed they had issued a purchase order for an appraisal related to the property; staff estimated the appraisal would take about four weeks and cost "a couple thousand dollars." Board members asked whether the district should require appraisals before accepting offers, whether dual-agency language would risk getting the district less value, and whether the board should require renewals to return for board approval after one year. Staff and the broker said language can be drafted to address those concerns, and a staff member advised the board that the agreement’s broad termination provision gives the district authority to cancel if needed.
The board approved the amended listing agreement by unanimous voice vote.
Votes at a glance: President Wade’s motion to approve the meeting agenda passed by voice vote; the consent agenda (items 5.1–5.14) was approved by voice vote 5-0; the board approved the amended listing agreement with Nathan and Associates 5-0; the meeting was adjourned by voice vote 5-0. The transcript does not specify the meeting date.
