CHFA-266-RFQ for Single Family Real Estate Brokerage Services

Agency: Connecticut Housing Finance Authority
State: Connecticut
Type of Government: State & Local
NAICS Category:
  • 531210 - Offices of Real Estate Agents and Brokers
Posted Date: Dec 21, 2023
Due Date: Dec 29, 2023
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RFP Post Date Due Date Additional Documents
CHFA-266-RFQ for Single Family Real Estate Brokerage Services 11/20/23 12/29/23 4:00 p.m. Questions and Answers

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Dear Interested Party:
Date: November 20, 2023
The Connecticut Housing Finance Authority ("CHFA") requests written qualifications for single-
family real estate brokerage services from licensed and qualified real estate brokerage firms.
CHFA will not reimburse for any expenses incurred in connection with this Request for
Qualifications (“RFQ”) including, but not limited to, the cost of preparing the initial response
and any additional information requested or travel expenses relating to any oral presentation.
Please be advised that responses will be considered property of CHFA, are matters of public
record, and may be disclosed by CHFA after the awarding of a contract.
CHFA, a body politic and corporate constituting a public instrumentality and political
subdivision of the State of Connecticut, was created in 1969 and operates pursuant to Chapter
134 of the Connecticut General Statutes, as amended. CHFA’s purpose is to help alleviate the
shortage of affordable housing for low and moderate-income families and persons in Connecticut
by providing single family mortgages, financing for rental housing, and mortgages for the
purchase, development and construction of housing.
For additional information about CHFA, please reference CHFA’s website at
CHFA is seeking the services of licensed and qualified real estate brokerage firms to list, for
sale, real estate owned single family properties acquired by CHFA through the State of
Connecticut judicial foreclosure process (each an “REO”). The selected brokers must be
participants of the Multiple Listing Services (MLS). Selected brokers will receive individual
listing assignments under a master listing agreement with the selected broker’s firm. Listing
assignments will be issued by CHFA, at its sole discretion. Brokers will be required to provide a
broker opinion of value along with a marketing plan within seven (7) days of receiving a new
listing assignment. Each listing engagement will be for a period of three (3) months. Each
selected real estate broker will be expected to execute a three-year contract with CHFA in
substantially the form of the attached Exhibit B. All selected brokers will be required to sign an
Exclusive Right to Sell/Listing Agreement in substantially the form of Exhibit C and, Schedule
1 for each individual property listed. All responses must be submitted on the attached form
provided by CHFA.
Firms will be evaluated on the basis of their written responses to this RFQ, additional written
information as requested by CHFA and oral interviews, if any, including, but not limited to, the
following criteria:
REO sales experience of the firm
Qualifications of personnel
Organization and approach
Commitment to Affirmative Action and/or Diversity, Equity, and Inclusion
Connecticut presence
Absence of conflicts or potential conflicts
Location/geographic area
CHFA may select multiple firms for the services described herein. No selected firm is
guaranteed or ensured any number of contracts or proportion of business.
All firms must address the following issues and questions:
1. Provide a brief description of your firm, its history, and main areas of business. Indicate
the total number of staff and the team available to CHFA.
2. Provide a summary of the key strengths and qualifications of your firm to sell REO and
occasionally distressed properties. (Your response to this question should not exceed one
3. Describe your presence in Connecticut, if any, including corporate existence in
Connecticut, whether formed in Connecticut or authorized to do business in the state.
This may include, but not be limited to, information on the number of offices your firm
maintains in Connecticut, the location of such offices, the number of Connecticut
residents employed in those offices, and payroll and corporate taxes paid in Connecticut.
If your firm currently is not registered with the Connecticut Secretary of State, please
indicate whether your firm will register if your firm is awarded this contract.
4. Include any participation by your firm in any civic or other non-profit activities,
including any charitable contributions that your firm made in Connecticut.
5. Provide a brief summary of the professional background of any individuals who would be
assigned to work with CHFA. Please indicate their probable areas of responsibility and
the percentage of their time which would be available to service CHFA’s account.
6. Describe the type of marketing CHFA can expect on its properties listed with your firm
to maximize marketing awareness (e.g., frequency of open houses, print and/or electronic
media, etc.)
7. Provide, in tabular form, information on the employee composition of your firm
indicating the total number of employees and the total number and percentages of
minorities and women employed and their titles.
8. Submit specific information regarding your firm’s commitment to Affirmative Action
and/or Diversity, Equity, and Inclusion. Please include, at a minimum, policies and
practices, including but not limited to hiring practices, and any information that would
demonstrate your firm’s commitment to expanding diversity in the workplace, including
recruiting initiatives, retention and promotion efforts and ongoing assessment of your
firm’s progress with respect to underrepresented groups (e.g., in terms of ethnicity,
gender, sexual orientation, disability, etc.). Please include your firm's most recent EEO-
1 report if required to file.
9. Describe your firm’s commitment to diversity, education, and training of the next
generation of workers in your field.
10. Does your firm have a written policy, program, or initiatives to foster business
relationships with the underrepresented groups? If so, please provide details of the
program and the percentage of business conducted with those groups.
11. Describe any and all material lawsuits, legal or administrative proceedings or
governmental investigations, criminal actions or law enforcement activities (including
those by federal, state or local authorities, or self-regulatory organizations) or non-routine
inquiries or investigations relating to you, your firm, or any of your affiliates, including
any proceedings to which you, your firm, your affiliates or any of their respective
officers, directors or employees are a named party or of which any of such has been the
focus, that have occurred in the last three (3) years or that are currently threatened,
including whether you, your firm, or any of your affiliates, or their respective officers,
directors or employees have been censured by any regulatory body. Describe any such
circumstances and advise whether these investigations or proceedings will affect you or
your firm’s ability to complete the proposed transaction and perform the services in this
12. Describe whether you foresee any potential conflicts of interest arising from providing
real estate broker services to CHFA. If so, describe how your firm would address
potential conflicts of interest.
13. Has your firm ever been removed from an account prior to the expiration of its contract
(i.e., been fired)? If so, please explain. If you wish, list the name of a third party with
whom the Authority could discuss this termination.
14. Describe your firm's knowledge of and past experience with CHFA.
15. Please provide as references a minimum of three clients for whom your firm has provided
similar and substantial services. Please include the name of the person to contact, his or
her phone number and email address. Please include as references any State of
Connecticut agencies or departments that have engaged your firm to perform services.
16. Selected persons or firms must comply with CHFA and State Ethics requirements, laws
and regulations. Persons or firms seeking to do business with CHFA are required to
comply with the ethics statement, attached hereto on Exhibit E, and the applicable
provisions of the Code of Ethics and Code of Ethics for Lobbyists incorporated therein by
17. An authorized signatory of any firm submitting qualifications is required to execute and
submit with the qualification and with any contract awarded in accordance herewith all
applicable representations and certifications set forth on Exhibit A, attached hereto and
made a part hereof, regarding:
Whistleblowing; Connecticut General Statutes §4-61dd
Gift and Campaign Contributions; Connecticut General Statutes §4-252
Entities Making Investments in Iran; Connecticut General Statutes §4-252a
Nondiscrimination; Connecticut General Statutes §4a-60 & Connecticut General
Statutes §4a-60a
Consulting Agreements; Connecticut General Statutes §4a-81
Campaign Financing Contributions; Connecticut General Statutes §9-612
Occupational Safety & Health; Connecticut General Statutes §31-57b
All of the above are attached and incorporated herein on Exhibit E.
18. Provide a copy of your Connecticut Real Estate Broker License.
19. Describe your proposed Real Estate Brokerage Services’ fee structure, including the
compensation of co-brokers when applicable.
Please be advised that all information submitted in a qualification or in response to a request for
additional information is subject to disclosure under the Connecticut Freedom of Information
Act, as amended and judicially interpreted. If a firm believes that its response contains financial,
trade secrets or other data that it claims should not be public (“Confidential Information”), the
firm must identify specifically the pages and portions of its qualification or additional
information that contain the claimed Confidential Information by visibly marking all such pages
and portions. An entire response marked Confidential Information will not be accepted. If
CHFA receives a request for an applicant’s Confidential Information, it will use its best efforts to
notify the firm of such request and provide the applicant with a copy of any written disclosure
request, provided, CHFA will not be liable to the firm or any other party for any failure to act as
described herein. The firm may provide written consent to the disclosure or may object to the
disclosure by notifying CHFA in writing, identifying in the notice the basis for its objection,
including the appropriate statutory exemption(s) from disclosure. The firm shall be responsible
for defending any complaint brought in connection with the nondisclosure, including, but not
limited to, appearing before the Freedom of Information Commission, providing witnesses and
documents as appropriate, and for payment of CHFA’s costs and expenses, including attorney
The following requirements must be observed in the preparation and submission of a
1. All inquiries should be directed to Shelly Mondo at no later than
December 11, 2023. Firms submitting a qualification should not contact members of the
CHFA’s Board of Directors or CHFA staff, which may be grounds for elimination from
2. The entire response must not exceed 20 single-sided pages, exclusive of cover letter and
3. Submissions must be sent electronically (not to exceed 25 MB) to
no later than 4:00 p.m. on Friday, December 29, 2023. Faxed responses will not be
4. Responses must include a cover letter signed by an individual authorized to enter into an
agreement with CHFA on behalf of the firm which shall specify that the firm is
responding to the RFQ for SF Real Estate Brokers. Please also remember to include
completed Exhibit A (Representations and Certifications) and Exhibit D (OPM
Form 1 and SEEC Form 10).
5. Selected firms must comply with all state and federal laws applicable to CHFA including,
but not limited to, ethics requirements, laws, procedures, and regulations and must
execute CHFA statutory provisions, certifications and affidavits attached hereto.

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