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 I am a real estate agent and I’d like to sell HUD homes. What do I need to do?
If you would like to sell HUD homes your broker must be registered with HUD and have an active “Name Address Identifier Number”, commonly referred to as a NAID #, issued by HUD. This number allows the real estate agents associated with the registered broker to submit bids for HUD homes electronically on behalf of their prospective purchasers. The registration process includes completing the information on SAMS and filling out forms known as SAMS 1111 and SAMS 1111-A, with attachments. HUD will then process the registration application and issues the NAID#. Once the broker has received their NAID number you as a real estate agent, under the broker’s NAID number, can then sell HUD homes.
As a broker for my company, how do I keep my NAID # current?
Beginning in 2005, annual renewal is required, regardless of whether changes to information or license renewal has occurred. As a broker you need to submit your SAMS forms and other documents to your local M & M contractor whom will then submit the documents to HUD for your renewal. You should receive a reminder in writing indicating that you need to renew approximately 60 days prior to your renewal anniversary.
Who are the current
HUD Designated Closing Agents
District of Columbia Properties
Legacy Title & Escrow
Inc.
3311 Toledo Terrace Suite A5
Hyattsville, MD 20782
301-853-9779 or 301-625-2350
Fax: 301-853-0444
Maryland Properties
Lawyer's Advantage Title
Group
3355 St. John's Lane Suite J
Ellicott City, MD 21042
Ph:
410-480-2800 Fax: 410-480-1065
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