Real Estate Professional Network

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: www.exitrealtyking.com for current HUD listings.