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New State Property Commission Invites Real Estate Proposals

Real estate professionals are being invited by the newly established North Carolina Commission on State Property (NCCOSP) to submit proposals concerning state-owned properties believed to be surplus. The proposals may be accompanied by an offer to purchase or an offer to list the parcel for sale.

The Property Commission will work with state agencies that control such properties to determine whether the property is surplus. A licensee may be eligible to receive brokerage fees if a proposal is accepted and certain conditions are met.North Carolina owns more than 630,000 acres of land and over 12,000 buildings. For more information and rules governing proposals, visit the Commission’s website,

This article came from the October 2005-Vol36-2 edition of the bulletin.