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BAAHA Scope of Services Contract Year 2024/25 | Page13 Program Support –Real Estate Professionals BAAHA will provide support in addressing questions and guiding real estate professional through the process of interacting and utilizing City Programs to assist their clients. General Non-Program Specific Related Administration Fees BAAHA charges a $150 per month fee to assist real estate professionals (billed quarterly) and a $500 general administrative fee (billed quarterly) to cover all other support Program and Non- Program related administrative activities referenced above. BMR Portfolio Management Fees BAAHA’s administrative fee is based on a per unit fee for each PHAP in the City’s inventory. The fee is $175 per unit with a total projected annual cost of $17,500. A portion of the gross fee is billed on a quarterly basis at $4,375 per a quarter. The gross per unit fee will cover up to 10 hours of BAAHA’s services applied towards activities to address and cure technical and financial violations/defaults for any of the PHAP units. Upon (and if) exceeding 10 hours of services for addressing violations/defaults, BAAHA will charge $150 per hour for such services. The fee for conducting the annual workshop is $1,500. Property Resale Administration Fee For Resale Properties - BAAHA and/or its affiliate Home Quest Realty will collect the BMR administrative fee directly from the BMR seller. BAAHA will not be charging the City directly for this service. The seller will pay BAAHA/HQR directly for the service. BAAHA charges the seller a 2.5% sales fee based on the sales price of the PHAP unit. As established and implemented in the 2022/23 BAAHA administrative contract, BAAHA will add the 2.5% fee to the gross resale price of the BMR. BAAHA/HQR will act as both the seller’s and the buyer’s agent in the transaction. The buyer will not be charged an additional administrative fee. For New Developments – BAAHA’s and/or its affiliate Home Quest Realty proposes to collect BMR sale administrative fees directly from the BMR developer/seller. BAAHA will not be charging the City directly for this service. The fee for this service may vary from 1.5% to 2.5%, and is based on: the level of services required by the developer, the number of units that are placed for sale, and the number of project phases; including the duration of time between each developmental phase. Projects with a longer duration of time between the release of phases may incur a fee on the higher end of BAAHA’s fee spectrum. Such projects may entail BAAHA to run separate outreach and screening campaigns. Fees will also be structured on the level of services required by the developer. Developers requesting that BAAHA’s affiliate Home Quest Realty, is involved with the BMR sale will be asses a fee on the higher end of the spectrum. Developers that require all the services, less the real estate purchase transaction services, will be charged a fee at the lower end of the fee spectrum. A fee schedule that incorporates all the above considerations will be devised and agreed upon by all parties involved at the onset of each development with new BMR properties. Docusign Envelope ID: 473ECB6B-08F5-49E6-8BF9-53FFB6D72DE6