JACKSON, Wyo. — Brett McPeak, Associate Broker at Jackson Hole Sotheby’s International Realty has been selected as Teton County’s Board of County Commissioners Real Estate Agent.
On July 6, the Teton County Board of County Commissioners approved a motion, selecting McPeak as the offical Real Estate agent for the County. McPeak will represent the Board of County Commissioners and the Jackson/Teton County Housing Department as a Buyers and Sellers agent.
McPeak was chosen by a selection committee comprised of the Director of General Services, the Director of the Jackson/Teton County Affordable Housing Department, and the Chief Deputy County Attorney.
According to the Letter of Engagement sent to McPeak, “In matters where Teton County is selling property, it is our understanding that the gross commission will be 5% of the sales price (with 50% of that amount being paid to the brokerage working for the buyer). In the event you personally brought a buyer to the table and/or there is no realtor working with the buyer, the gross commission would be reduced to 4%. As for buying property, the commission is a function of the individual sellers and their respective real estate agents, and your commission will come from that commission. No fees shall be paid to you from Teton County.”
The letter of engagement outlines the timeline of the agreement. Teton County or McPeak may terminate the agreement at any time but the County anticipates re-issuing a new request for a realtor in three years.
Jackson/Teton County Affordable Housing Joint Director, April Norton, received $13 million in capital funding for housing projects in the recently approved fiscal year 2022 budget.
“I am proposing to spend over 13 million dollars in capital money this coming year on housing projects and programs, which is a significant increase, it’s about five times what we spent last year,” Norton said.