How to Become a HUD Approved Realtor
March 6, 2008
Becoming a HUD approved realtor isn’t difficult. In fact, some realtors complete HUD training just so they can save on the commission costs when buying HUD homes (it can be up to a 5% savings to bid on the home yourself). If you’re thinking of becoming a HUD approved realtor, here’s what you need to do:
1. Be a licensed real estate agent in any state.
2. Make sure your brokerage is HUD certified. If they are not, they can become certified by sending in a simple form to the necessary offices.
3. Complete any required training through your brokerage. Brokerages have different requirements for their agents. You may just need to be told some basic HUD information or you may be asked to watch a short informational video.
Once you’ve completed these steps, you’ll be given access to HUD properties and have the ability to bid on HUD auctions. Becoming a HUD approved real estate agent is that simple.
See Also: What You Need to Know About HUD Approved Realtors
Who is Hooks Van Holm, Inc.?
February 22, 2008
Hooks Van Holm, Inc. is a real estate asset management company contracted by the government to sell HUD homes in the following states:
- Alabama
- Delaware
- Mississippi
- Pennsylvania
Hooks Van Holm, Inc. is the only company that can list HUD homes for sale in these states. However, as a bidder, you may bring your own buyer’s agent into a HUD transaction. You can view the Hooks Van Holm, Inc. database of HUD foreclosure properties on their website: Hooks Van Holm, Inc.
If you’re considering purchasing a HUD property through Hooks Van Holm, these resources can help: HUD Foreclosure Buying Guide, Working with HUD Approved Realtors.
HUD Approved Realtors
February 7, 2008
Not all agents can help you bid on a HUD home. You need to find a HUD approved realtor. These agents have been trained on HUD’s unique auction system and are the only people allowed to place bits.
If you’ve already found the perfect non-certified agent, don’t worry. It doesn’t take much to get HUD approval. Agents generally need to watch a few hours of video instruction, then they’re handed the keys (or the lock box code).