How to Become a Broker for HUD
The United States Department of Housing and Urban Development permits real estate brokers registered with their agency to advertise, and show HUD homes. Real estate brokers that have access to homes listed by HUD have an opportunity to service a growing segment of home-buyers, specifically looking to buy HUD homes. The following steps are necessary for real estate Brokers to sell HUD properties.
- Possess valid real estate license. The U.S Department of Housing and Urban Development requires all brokers to have a valid real estate license in the state of which they perform real estate transactions. Make copies of licenses and documents providing proof of active real estate license.
- Obtain Broker applications. Fill out the Single Family Acquired Asset Management Systems 1111 (SAMS 1111) Broker application packet. The SAMS 1111 application can be downloaded and printed from the HUD website. Brokers must also complete the SAMS 1111A Selling Broker Certification application, which is also available on the HUD website. Applicants can type directly on the application after pulling it up on an open browser and print out a copy when they are done.
- Gather all required documents. The SAMS application request that HUD Brokers provide supporting documents and proof of identity. Applicants are required to submit a copy of their driver’s license, state real estate license, first page of a recent bank statement or utility bill.
- Submit application to HUD. Make sure to attach supporting documents with the applications and send into the HUD offices listed on the application. Prospective HUD Brokers with valid packets will receive a HUD issued name and address identification number (NAID). Once applicants receive the NAID they may show and sell HUD homes.