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#455068 - 10/22/16 03:18 PM Advertising HUD homes
Z06Fanatic Offline
Member

Registered: 08/06/16
Posts: 129
Loc: US
Hey guys - can an agent advertise HUD homes that they are not the listing agent? As far as I understand you can provided you don't use certain terminology, but wanted to get a second opinion before I get myself in hot water smile

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#455070 - 10/22/16 06:20 PM Re: Advertising HUD homes [Re: Z06Fanatic]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7455
Loc: Vermont's North-East Kingdom
What State or Commonwealth are you in ?

More than HUD, it's the Laws, Rules and Regulations of your jurisdiction that will prevail; and then subject to the wishes of the Listing Agent and HUD.

It's always best to spend any extra money on your own Listings !
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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#455071 - 10/22/16 07:08 PM Re: Advertising HUD homes [Re: Vermont]
VABroker Offline
Veteran Member

Registered: 11/02/10
Posts: 1024
Loc: Virginia
I am a HUD Listing Broker. Rules change all the time. Presently, what I am finding online states that you need to contact HUD's asset manager in charge of the area where you are located to inquire if you can advertise a HUD home for sale even though you are not the HUD Listing Broker for that area.

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#455076 - 10/23/16 10:15 PM Re: Advertising HUD homes [Re: Z06Fanatic]
Brian Paul Offline
Member

Registered: 08/30/16
Posts: 20
Loc: California
If its on the MLS you can have it in your IDX search, basically the whole MLS is there to advertise.

What do your MLS rules say? I know ours it posts random featured listings etc etc.

If HUD put there homes in the MLS they too have to oblige by the MLS rules, they are not exempt from them. I would call your board and ask them the rules.

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#455077 - 10/24/16 06:51 AM Re: Advertising HUD homes [Re: Z06Fanatic]
Bigtoe Offline
Major Contributor

Registered: 10/14/07
Posts: 2189
Loc: Outer Banks
@brian

to clarify your remarks, the idx rules come from nar and all mls follow these rules.
1. Not all listings in mls are in idx. Brokers are allowed to opt their individual listings out of the idx feed.
2. Listings in the idx are allowed to be advertised by other agents as long as it is part of the idx feed. Ie. a snippet on your site that links to idx.
You can not run a newspaper ad or mail a posrcard without explicit permission of listing agent.
_________________________
Your Outer Banks real estate agent. Helping people buy and sell OBX real estate since 1989.

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