SENIOR REAL ESTATE OFFICER (RIGHT-OF-WAY / REAL PROPERTY)
LA Metro
Application
Details
Posted: 25-Nov-24
Location: los angeles, California
Type: Full Time
Categories:
Management
Preferred Education:
4 Year Degree
Internal Number: 2400111
Salary $82,867.20 - $124,280.00 Annually
Location Los Angeles, CA
Job Type Regular Employee
Cabinet PLANNING AND DEVELOPMENT
Opening Date 10/17/2024
Closing Date 12/9/2024 5:00 PM Pacific
FLSA Exempt
Bargaining Unit Non-Contract
Metro’s mission is to provide a world-class transportation system that enhances the quality of life for all who live, work, and play within LA County.
Description
Performs complex real estate work in the Appraisal, Acquisition/Relocation, or Asset Management.
For Appraisal Supports: the real estate team in appraising properties needed for construction of capital projects; performs real estate appraisal functions to determine the fair market value of properties required for active projects; prepares appraisal reviews and recommends values for acquisition or rental purposes; assists with procurement, contract management, and file management related to appraisal assignments.
For Acquisition/Relocation: Supports the real estate team in acquiring properties needed for construction of capital projects; performs real estate work in acquisition and relocation functions; acquires real property required for active projects either through negotiations or eminent domain; assists internal management with special projects, including environmental investigations; assists with the oversight of outside acquisition and relocation consultants, including procurement and file management.
For Asset Management: Supports the real estate team in managing Metro properties; assists with real estate leasing and access agreements for real estate activities adjacent to, over or under Metro right-of-way (ROW), with both private property owners and internal agency departments to ensure that transit services are not interrupted and safety is maintained; and ensures that best management practices are followed.
Examples of Duties
Reviews title reports, real estate appraisals, and similar supporting documents and reports
Prepares work specifications and plans for selection and guidance of independent appraisers
Prepares value estimates for sales and rental of real property
Conducts field inspections and responds to complaints
Maintains real estate records and computer files
Provides input for developing budget
Provides guidance and assistance to junior-level and/or assigned staff
Prepares written and oral reports, resolutions, correspondence, and legal documents
Meets with other departments/divisions, property owners and tenants, and business and community groups to make presentations or respond to inquiries
Contributes to ensuring that the Equal Employment Opportunity (EEO) policies and programs of Metro are carried out For Appraisal
Analyzes property requirements to understand the potential impacts to the property
Prepares work specifications and plans for selection and guidance of independent appraisers
Solicits, reviews, and evaluates appraisal proposals
Communicates with management and outside counsel regarding issues related to property owner appraisals For Acquisition/Relocation
Negotiates with property owners or their agents for purchase or voluntary transfer of property
Prepares offers, purchase agreements, escrow instructions, and other legal documents
Coordinates with escrow and title companies relative to ownership and conditions of title
Prepares and presents relocation related notices
Reviews and processes relocation claims and payments
Provides oversight on acquisition and relocation delivery milestones
Assists with consultant procurement For Asset Management
Coordinates use of Metro assets (land) with internal departments
Negotiates and prepares leases, licenses, easements, and permits
Researches and recommends market rental values
Manages real estate contract portfolio for revenue and non-revenue producing property
Manages property not required for immediate projects, including rental collection
May be required to perform other related job duties
(SH)
Metro is an Equal Opportunity Employer and does not discriminate on the basis of race, color, creed, ancestry, national origin, gender, marital status, sexual orientation, religion, age, veteran status, or disability. Learn more about Metro’s Equal Employment Opportunity Program. Metro does not deny participation in the application process to anyone with prior justice system involvement, in line with Fair Chance hiring practices.
Selection Procedure
Applicants who best meet job-related qualifications will be invited to participate in the examination process that may consist of any combination of written, performance, or oral appraisal to further evaluate job-related experience, knowledge, skills and abilities.
Application Procedure
To apply, visit Metro's website at www.metro.net and complete an online Employment Application.
Computers are available to complete online Employment Applications at the following Metro location:
METRO Headquarters, Employment Office
One Gateway Plaza
Los Angeles, CA 90012
Telephone: (213) 922-6217 or persons with hearing or speech impairments can use California Relay Service 711 to contact Metro.
All completed online Employment Applications must be received by 5:00 p.m. on the closing date. Late applications will not be considered.
*Open to the public and all Metro employees
This job bulletin is not to be construed as an exhaustive list of duties, responsibilities, or requirements. Employees may be required to perform other related job duties.
Agency Los Angeles County Metropolitan Transportation Authority (CA)
A combination of education and/or experience that provides the required knowledge, skills, and abilities to perform the essential functions of the position. Additional experience, as outlined below, may be substituted for required education on a year-for-year basis. A typical combination includes:
Education
Bachelor's Degree in Real Estate, Business Administration, Public Administration, Economics, Engineering, or a related field
Experience
Three years of relevant experience in real estate appraisal, acquisition, relocation, and/or property management; some positions in this class may require specialized experience in area of assignment
Certifications/Licenses/Special Requirements
A valid California Class C Driver License or the ability to utilize an alternative method of transportation when needed to carry out job-related essential functions
International Right of Way Association (IRWA) designation preferred
For an Appraiser's position, a California Real Estate Appraiser License is required
Preferred Qualifications
Preferred Qualifications (PQs) are used to identify relevant knowledge, skills, and abilities (KSAs) as determined by business necessity. These criteria are considered preferred qualifications and are not intended to serve as minimum requirements for the position. PQs will help support selection decisions throughout the recruitment. In addition, applicants who possess these PQs will not automatically be selected.
The following are the preferred qualifications:
Experience negotiating and preparing real estate contracts, amendments, leases, licenses, easements, permits, and notices to comply
Experience negotiating, writing, and making recommendations for executing agreements such as leases, licenses, and right-of-entry permits within public right-of-way relating to utility relocation and new construction
Experience in performing right-of-way tasks under Federal and State Guidelines or other applicable regulations pursuant to funding source
Experience and understanding of titles and interpreting engineering drawings and legal descriptions
Experience identifying, documenting, and resolving property encroachments and maintenance issues
Essential Knowledge
Knowledge of (defined as a learned body of information that is required for and applied in the performance of job tasks)
Theories, principles, processes, and practices of real estate services, including appraisal, real estate acquisition, relocation, property management, environmental, condemnation, contracts, and general real estate law and documentation requirements
Applicable local, state, and federal laws, rules, and regulations governing real estate practices, including the Uniform Relocation and Acquisition Act and the Uniform Standard of Professional Appraisal Practices (USPAP)
Theories, principles, and practices of property management and real estate contract/leases
Calculation of real estate contract increases including CPI (Consumer Price Index) and adjustments
Computer systems to track and manage real estate and property management transactions
Basic accounting principles and financial information systems
Department policies and procedures
Property inspection practices and procedures
Skill in (defined as the proficient manual, verbal, or mental utilization of data, people, or things)
Negotiating and mediating, including real estate contracts, property acquisition, and settlements
Compiling and analyzing complex data and preparing comprehensive reports
Coordinating with multiple parties to facilitate real estate transactions
Utilizing computer systems for real estate and GIS (geographic information system) mapping
Computer software, such as Word, Excel, and PowerPoint
Communicating effectively orally and in writing
Reading and interpreting legal documents
Preparing contract documentation
Analyzing financial data and basic mathematics
Ability to (defined as a present competence to perform an observable behavior or produce an observable result)
Negotiate favorable real estate transactions, prepare appropriate contract documentation, and recommend appropriate strategies
Understand, interpret, and apply laws, rules, regulations, policies, procedures, contracts, budgets, and labor/management agreements
Analyze situations, identify problems, and recommend solutions
Exercise judgment and creativity in making decisions
Think and resolve issues independently
Represent Metro before the public
Oversee assigned staff
Travel to offsite locations
Interact effectively with diverse group of clients and customers
Work independently
Manage time, prioritize workload and execute, and meet tight time constraints and deadlines
Read, write, speak, and understand English
Special Conditions
The physical demands described are representative of those that must be met by the employee to successfully perform the essential functions of this job. Metro provides reasonable accommodation to enable individuals with disabilities to perform the essential functions.
Working Conditions
Typical office situation
Close exposure to computer monitors and video screen
Physical Effort Required
Sitting at a desk or table
Operate a telephone or other telecommunications device and communicate through the medium
Type and use a keyboard and mouse to perform necessary computer-based functions
Communicating through speech in the English language required