|
 |
Any licensed real estate professional is eligible to sell HUD Homes. It's a simple process to qualify. All you have to do is have your Designated Broker (company's principal broker or broker-in-charge) complete three forms (SAMS 1111, SAMS 1111A, and IRS W-9), and submit the required documentation to the local regional office listed below:
REO PEMCO, LTD.
1600 Sacramento Inn Way, Suite 210
Sacramento, CA 95815
Attn: Broker Registration
After we check your forms for accuracy and completeness, your registration package is then sent to HUD for processing. It usually takes about 8 weeks for HUD to process your application. When your application is processed, HUD will assign the broker (not individual agents) a NAID Number (Name and Address Identifier Number) which is required to submit a bid. Please check our website periodically under General Listing / Real Estate Agent's Corner / "Check your NAID Number" to see if your application has been processed. You will be asked to enter your employing broker's Federal ID Number or Social Security Number. If your application was processed, you will be able to view your NAID Number, otherwise you will need to check again later.
Once the employing broker becomes certified and is assigned a NAID Number, you and your sales agents can show, advertise, and submit bids on HUD Homes. HUD requires the employing broker's signature on most forms and sales contracts.
Important! Registration Packages Must be Complete.
Please carefully review your registration package for completeness before sending it in to avoid any delay in processing your application. If it is incomplete it will be returned to you. Remember HUD takes 8 weeks to process. All forms must be legible and completed in ink. All signatures must be in blue ink. You must submit original signed forms SAMS 1111, SAMS 1111A, and IRS W-9 in your registration package. A Broker Certification Checklist is provided to help ensure that your package is complete. Remember, faxed copies are not allowed and will not be considered as received. If you have any questions, please call our office.
Annual Renewal is Required. In order to avoid deactivation of your NAID Number and to ensure that your HUD-issued NAID number stays current, you must renew your broker registration annually. Using the same forms (SAMS 1111, SAMS 1111A, IRS W-9), complete the sections that apply and submit all required documentation. Caution! Do not delay renewal as you must re-register before your current registration expires or you risk having your NAID Number deactivated by HUD. Bidding privileges will not be extended to any broker or agent whose NAID number is inactive. The broker must wait for the NAID number renewal in order to be eligible to place bids. You may look up your re-certification date on our website by using the "Check NAID Status" located under General Listing / Real Estate Agent's Corner.
Forms. Please note all electronic forms MUST be signed in BLUE INK. The registration forms are PDF formatted files and can be filled-in using your computer. Click a selection from the list below. You will need Acrobat Reader 5.0 (or later) to view and print the PDF forms. Adobe Acrobat 5.0 reader can be downloaded from our site, go to the Forms and Addendums page.
|
|
|
| |
