How to Become a HUD Broker
Housing and Urban Development is an agency that is responsible for selling houses that are foreclosed.
You can work as a broker in this agency wherein you can earn commissions with the dealings that you closed.
To become a HUD broker will require you to execute some steps. These stipulations are just very easy to follow. If you will successfully execute all of them, it will help you to earn great profits.
Furnish Application Form
For you to start becoming a HUD broker, you must first go to the corporate site of HUD. In there, you can download the form for application. You must have it printed because you need to fill up the information that is required in the form. Make sure that you will write the data required in a very legible way. Secure photocopies of the documents just in case you need them in the near future.
In applying for HUD broker, you may be required to submit some of the needed requirements or documents. These include billing statement, estate broker license copy, driver’s license and any other forms of identity cards. There are also training requirements that you should do.
Right after you have accomplished the prerequisites, you may already submit it in the contractor of the marketing and management of your region. This is the person that is in charge with the clearing of the applications intended for final assessment. Again, make sure that you have other copies of the documents.
Waiting for the Result and Advertising Your Services
Right after you have submitted your application, you may already wait for the response of the Housing and Urban Development. Approximately, you need to wait for a span of eight weeks. But the waiting period depends upon the area of the applicant. They oftentimes announce the name of the hired applicants through their website. They post there the names and you must have your SSS number which will confirm your application status.
By the time that you are hired, you may already start gaining clients by making corporate cards and any other items that will promote your service. You must put into your mind that the authentic seal of the department must only be used solely for the HUD. However, you can also guide some of the buyers with the use of your government contacts.
Other Pertinent Matters
In every dealing that you are involved in, always make sure that it is abided with the guidelines and rules of the department. You are now a certified broker and you are expected to practice it. In addition, you must observe working ethics when you are working with clients with different races and cultures. Make sure that you respect the decisions of your clients even if you are not in favour with them. Yearly renewal of the broker status must be observed.