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7830 Veterans Parkway, Building C
Columbus, GA 31909
Office: 706-576-2400
Cell: 762-207-8778
Email: info@HudSoldHere.com

Everything You Ever Wanted To Know About The HUD Sales Process
Changes to the Broker Bonus Incentives

HUD has recently changed the structure of its Broker Bonus Incentives.  The information below is provided courtesy of www.HudPemco.com.

"A broker bonus is being offered in eight market areas: Georgia, Florida, Mississippi, Alabama, Illinois, Indiana, Tennessee, and Kentucky. The following conditions must be met in order for the selling broker to receive the applicable broker bonus.

  • The preliminary bid must be submitted on or after December 1, 2011.
  • A loan commitment letter from a lending institution must be received with the signed Sales Contract if the purchase is to be mortgaged; or, if paying cash, a certification letter must be received from a financial institution stating sufficient funds are available to complete the purchase.
  • The words “Broker Bonus” must be written or typed at the top of the signed Sales Contract.
  • The selling broker must complete and sign the HUD Notification regarding the broker bonus sales initiative.
  • For all properties that close up to 34 days of contract acceptance, the selling broker will be eligible for a $600 bonus*.
  • For all properties that close within 35 to 39 days of contract acceptance, the selling broker will be eligible for a $450 bonus*.
  • For all properties that close within 40 to 43 days of contract acceptance, the selling broker will be eligible for a $300 bonus*.
  • *Exclusions apply *Excludes: Hard-to-sell properties. The selling broker will not be eligible to receive a bonus for any property advertised by the Asset Manager (AM) as hard-to-sell."
Posted By - Terri Kilpatrick - 12/25/2011
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