Real Estate Services

Legislative History: Enacted September 19, 2017 (By-law No. CPOL.-184-436); Amended July 24, 2018 (By-law No. CPOL.-184(a)-443)

Last Review Date: July 25, 2023

Service Area Lead: Director, Realty Services

1. Policy Statement

The purpose of this policy is to formalize and clarify practices on the use of real estate services.

2. Definitions

Not Applicable.

3. Applicability

This policy applies to real estate services for listing surplus properties currently offered by the City of London, strategic advisory and consulting, transaction management, research and analysis and project management.

4. The Policy

At the discretion of the Director, Realty Services, real estate services, where required, will utilize the established Broker of Record where practical to do so.  Should a Broker of Record not be established, on the recommendation of the Director, Realty Services an alternate service provider may be selected.  The services to be provided include listing surplus properties currently offered by the City of London, strategic advisory and consulting, transaction management, research and analysis and project management. Brokerage fees associated with the services commissioned will be negotiated by the Director, Realty Services, subject to existing agreements in compliance with the City’s prescriptive delegation of authority provisions.