Broker/Agent Handbook

Any real estate broker registered with HUD, or an agent employed by a registered dealer, can display HUD property and sign on behalf ….

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Broker/Agent Handbook
Table of Contents

  • Selling HUD Homes… 2
  • Important Information about HUD Homes… 3
  • HUD’s “AS-IS” Policy… 3
  • Access to the Property… 3
  • Repairs, Improvements, or Occupancy Prior to Closing…3
  • Broker Registration… 4
  • Property Listings… 5
  • Financing Categories… 6
  • Electronic Bidding – How to Place a Bid… 7
  • Electronic Bidding – Regulations … 8
  • Electronic Bidding – Important Information… 9
  • Placing Bids… 9
  • Overbidding with FHA Financing… 9
  • Bidding for Investors… 9
  • Listings with a Deadline of “Daily”… 9
  • The Sales Package… 10
  • Errors and Omissions… 10
  • Sales Contract 9548 (1/99) Line by Line… 10
  • The Sales Package – Addenda… 13
  • After the Contract has been Signed… 14
  • Obtaining Appraisals and Termite Inspection Reports… 14
  • Turning on Utilities… 14
  • Adding and Removing Purchasers… 14
  • Changing Financing… 14
  • Extension Requests… 15
  • Re-keying the Property after Settlement… 15
  • Cancellation of Bids, Accepted Offers, and Ratified Contracts… 16
  • Disposition of Earnest Money Deposits… 17
  • Transactions Step by Step… 18
  • Contact Information…
  • 19
  • Prior to Placing a Bid Checklist… 20
Download Broker/Agent Handbook pdf from www.mcbreo.com, 25 pages, 114.79KB.
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