The PSC code R402, Real Estate Brokerage Services, encompasses professional support services related to the buying, selling, leasing, and management of real estate properties on behalf of federal government agencies. This classification covers brokerage activities that facilitate real estate transactions including market analysis, property valuation, negotiation, and contract facilitation. Government agencies utilize this PSC to secure expert assistance in navigating complex real estate markets, ensuring compliance with federal regulations, and achieving favorable terms in property acquisitions or disposals. These services are critical in managing government-owned real estate portfolios and supporting agency missions that require specialized real estate expertise.

Typical Buyers & Agencies for PSC R402

Federal agencies that manage real estate assets or require property-related services typically procure under PSC R402. Agencies such as the General Services Administration (GSA), Department of Veterans Affairs (VA), Department of Defense (DoD), and the Department of Homeland Security (DHS) frequently use these brokerage services to support their real estate portfolios. These buyers rely on specialized brokers to assist with leasing office space, acquiring land or buildings, and disposing of surplus properties in compliance with federal policies and budget constraints.

Common Contract Types for PSC R402

Contracts awarded under PSC R402 often include firm-fixed-price, cost-reimbursement, and time-and-materials arrangements depending on the scope and duration of services required. Procurement methods may range from simplified acquisitions for smaller transactions to full and open competitive bidding for large or complex brokerage engagements. Task orders under indefinite-delivery/indefinite-quantity (IDIQ) contracts are also common to provide flexible, on-demand brokerage support as government real estate needs evolve.

Plain-Language Breakdown for PSC R402

Covers professional brokerage services for federal real estate acquisition, leasing, and disposal.
Primarily used by agencies managing government properties like GSA, DoD, VA, and DHS.
Supports negotiation, market analysis, property valuation, and transaction facilitation.
Contract types include fixed-price, cost-reimbursement, and IDIQ task orders.
Frequently linked to NAICS 531210 and related real estate management industries.
Enables agencies to efficiently manage and optimize real estate portfolios.

Related Categories for PSC R402

Other categories at the same level as R402

R401 SUPPORT- PROFESSIONAL: PERSONAL CARE (NON-MEDICAL)

Personal Care Services (includes such services as barber and beauty shop, shoe repairs, tailoring, etc.)

R404 SUPPORT- PROFESSIONAL: LAND SURVEYS-CADASTRAL (NON-CONSTRUCTION)

Land Surveys, Cadastral Services (non-construction)

R405 SUPPORT- PROFESSIONAL: OPERATIONS RESEARCH/QUANTITATIVE ANALYSIS

Operations Research and Quantitative Analysis Services

R406 SUPPORT- PROFESSIONAL: POLICY REVIEW/DEVELOPMENT

Policy Review/Development Services

R408 SUPPORT- PROFESSIONAL: PROGRAM MANAGEMENT/SUPPORT

Program Management/Support Services

R410 SUPPORT- PROFESSIONAL: PROGRAM EVALUATION/REVIEW/DEVELOPMENT

Includes: PROGRAM MANAGEMENT/SUPPORT (PSC R408), CONTRACT/PROCUREMENT/ACQUISITION SUPPORT (PSC R707)

R411 SUPPORT- PROFESSIONAL: REAL PROPERTY APPRAISALS

Real Property Appraisals Services (SIC 6531)

R412 SUPPORT- PROFESSIONAL: SIMULATION

Simulation

R416 SUPPORT- PROFESSIONAL: VETERINARY/ANIMAL CARE

Veterinary/Animal Care Services

R418 SUPPORT- PROFESSIONAL: LEGAL

Legal Services

R420 SUPPORT- PROFESSIONAL: CERTIFICATIONS AND ACCREDITATIONS (OTHER THAN EDUC OR INFO TECH C&A)

Certifications and Accreditations for products and institutions other than educational institutions

R422 SUPPORT- PROFESSIONAL: MARKET RESEARCH/PUBLIC OPINION

Market Research and Public Opinion Services (includes telephone and field interviews, focus testing, and surveys)

R423 SUPPORT- PROFESSIONAL: INTELLIGENCE

Intelligence Services

R424 SUPPORT- PROFESSIONAL: EXPERT WITNESS

Expert Witness

R425 SUPPORT- PROFESSIONAL: ENGINEERING/TECHNICAL

Engineering and Technical Services

R426 SUPPORT- PROFESSIONAL: COMMUNICATIONS

Communications Services

R427 SUPPORT- PROFESSIONAL: WEATHER REPORTING/OBSERVATION

Weather Reporting/Observation Services

R428 SUPPORT- PROFESSIONAL: INDUSTRIAL HYGIENICS

Industrial Hygienics

R429 SUPPORT- PROFESSIONAL: EMERGENCY RESPONSE/DISASTER PLANNING/PREPAREDNESS SUPPORT

View details for SUPPORT- PROFESSIONAL: EMERGENCY RESPONSE/DISASTER PLANNING/PREPAREDNESS SUPPORT

R430 SUPPORT- PROFESSIONAL: PHYSICAL SECURITY AND BADGING

View details for SUPPORT- PROFESSIONAL: PHYSICAL SECURITY AND BADGING

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