Those of us who signed up in late June early July said we should hear something in early August and have all new brokers advertised on PEMCO site in mid-August. Anyone receive approval/denial yet?

Pissed that I kept putting off getting my NAID. I was told there was no way I'd get one before the deadline was up for application. They were right because I still haven't received it and it's been over a month since I sent in the necessary paperwork! Lost opportunity. I hope they will open it up again.

We haven't heard from any of the M&M contractors yet on LLBs. I asked our contractors when they expect to make decisions and they wouldn't give a time. So who knows.

Those NAID numbers can take 6-8 weeks to get to you. Gotta love government efficiency.

Bumping-

I signed up too and am keeping my fingers crossed :0) good luck to you - wish they would post soon!

they say they will post on their site in mid august...

The names are posted to their site under, S. California local listing broker.

relady4u:

Those are the same listing brokers who were listed prior to the deadline of 7/2. No new listing brokers have been added. Unless you are talking about some other website besides hudpemco.com. There is still hope.

Whew!! thanks for the correction, and there is still hope!

Have you heard that Pemco is only giving $500 to the listing agent. I just heard this from two local agents.

It's a volume business. LLB's generally get paid 1 percent or less whichever is customary for the area.

You can pick up some buyers too and make more.

I looked at the model years and years ago and decided not to pursue it.

Ya.. I guess you have to consider your area.. if the majoity of homes in your area are now selling for under 100k... is it worth it.. My business partner and i didnt think so, but maybe many on this forum think different.. best of luck to you..

No. I was told it was 2.5% for each side.

Model changed with M&M 3. All HUD contractors are paying 2.5% -- 3.0% to the listing agent now.

Any update on how to find the new Florida choices?