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#346950 - 08/07/10 10:20 AM New HUD Listing Brokers---Any Update? *****
RichardDD Offline
Member

Registered: 11/22/06
Posts: 253
Loc: South
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?

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#346985 - 08/07/10 07:10 PM Re: New HUD Listing Brokers---Any Update? [Re: RichardDD]
BaddestCross Offline
Member

Registered: 08/25/07
Posts: 112
Loc: SoCal
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.

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#346998 - 08/07/10 09:44 PM Re: New HUD Listing Brokers---Any Update? [Re: BaddestCross]
northtxbroker Offline
Major Contributor

Registered: 05/17/07
Posts: 1864
Loc: Texas
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.

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#347300 - 08/10/10 04:03 PM Re: New HUD Listing Brokers---Any Update? [Re: northtxbroker]
RichardDD Offline
Member

Registered: 11/22/06
Posts: 253
Loc: South
Bumping-

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#347348 - 08/10/10 10:16 PM Re: New HUD Listing Brokers---Any Update? [Re: RichardDD]
Geekmom Offline
Member

Registered: 05/16/08
Posts: 46
Loc: Ca,USA
I signed up too and am keeping my fingers crossed :0) good luck to you - wish they would post soon!

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#347510 - 08/11/10 07:55 PM Re: New HUD Listing Brokers---Any Update? [Re: Geekmom]
jdharpe Offline
Member

Registered: 10/11/08
Posts: 337
Loc: Washington
they say they will post on their site in mid august...

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#347674 - 08/12/10 06:11 PM Re: New HUD Listing Brokers---Any Update? [Re: jdharpe]
relady4u Offline
Member

Registered: 05/23/07
Posts: 216
Loc: California
The names are posted to their site under, S. California local listing broker.

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#347701 - 08/12/10 09:57 PM Re: New HUD Listing Brokers---Any Update? [Re: relady4u]
papa lou Offline
Veteran Member

Registered: 04/23/06
Posts: 889
Loc: Los Angeles, California
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.

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#347708 - 08/13/10 12:27 AM Re: New HUD Listing Brokers---Any Update? [Re: papa lou]
relady4u Offline
Member

Registered: 05/23/07
Posts: 216
Loc: California
Whew!! thanks for the correction, and there is still hope!

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#347722 - 08/13/10 07:19 AM Re: New HUD Listing Brokers---Any Update? [Re: relady4u]
MINDSUB Offline
Member

Registered: 05/05/07
Posts: 22
Loc: California
Have you heard that Pemco is only giving $500 to the listing agent. I just heard this from two local agents.

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#347727 - 08/13/10 07:50 AM Re: New HUD Listing Brokers---Any Update? [Re: MINDSUB]
super realtor Offline
Major Contributor

Registered: 05/01/05
Posts: 8596
Loc: georgia
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.

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#347739 - 08/13/10 09:09 AM Re: New HUD Listing Brokers---Any Update? [Re: super realtor]
MINDSUB Offline
Member

Registered: 05/05/07
Posts: 22
Loc: California
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.. wink

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#347741 - 08/13/10 09:16 AM Re: New HUD Listing Brokers---Any Update? [Re: MINDSUB]
MICHAEL BENNETT Offline
Member

Registered: 07/13/09
Posts: 25
Loc: tx, united states
No. I was told it was 2.5% for each side.

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#347749 - 08/13/10 09:56 AM Re: New HUD Listing Brokers---Any Update? [Re: super realtor]
northtxbroker Offline
Major Contributor

Registered: 05/17/07
Posts: 1864
Loc: Texas
Originally Posted By: MINDSUB
Have you heard that Pemco is only giving $500 to the listing agent. I just heard this from two local agents.

Originally Posted By: super realtor
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.


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

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#347767 - 08/13/10 12:30 PM Re: New HUD Listing Brokers---Any Update? [Re: northtxbroker]
JaxDiana Offline
Member

Registered: 07/06/10
Posts: 11
Loc: Jax, Fl
Any update on how to find the new Florida choices?

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