Posts in Agent Info
Agents, remember these two words - "Broker Bonus".
As of December 1, 2011, HUD will be offering a new Broker Bonus Sales Initiative for Tennessee. Details are as follows:
Preliminary bids must be submitted on or after December 1, 2011. As with all HUD bids, a loan commitment letter must be submitted with the signed contract. The words "Broker Bonus" must be written or typed at the top of the signed contract. You, the selling broker, must complete the HUD Notification regarding the bonus. For properties that close up to 34 days of contract acceptance, the selling broker willbe eligible for a $600 bonus. Properties that close within 35 to 39 days of contract acceptance would make the selling broker eligible for a $450 bonus. Properties closing within 40 to 43 days of contract acceptance offer a $300 bonus to the selling broker. HUD's Asset Manager will notify the closing agent of the broker bonus.*Please note properties that are advertised as "Hard to-sell" by HUD are not eligible for this program.
If you have any questions regarding the HUD Broker Bonus Initiative, or selling HUD homes, contact our office at 615-302-3213 or email us at HUD@exitrealtyking.com
Please visit our HUD Homes Section of our website:
