The disposal agency must—
    
    
        
        (a) 
         Obtain such competition as is feasible in all negotiations of disposals and contracts for disposal of surplus property; and
     
    
        
        (b) 
         Prepare and transmit an explanatory statement if the fair market value of the property exceeds $100,000, identifying the circumstances of each disposal by negotiation for any real property specified in 40 U.S.C. 545(e), to the appropriate committees of the Congress in advance of such disposal.