How to Become a Broker for HUD
HUD stands for the U.S. Department of Housing and Urban Development. HUD is responsible for the sale of foreclosed homes. HUD employs specialized brokers who assist with the sale of these foreclosed homes. If you have your real estate license, you might consider becoming a licensed HUD broker.
Items Needed:
- Current real estate broker license
- Copy of Social Security card
- Copy of utility bill or bank statement
- Gather the required documentation. You will need to provide the Department of Housing and Urban Development with a copy of your current real estate broker license, as well as a copy of your Social Security card. You will also need to submit a copy of your utility bill or bank statement in order to prove your state of residency. Some states require additional documentation. Check the Department of Housing and Urban Development website for additional details on documentation requirements.
- Complete the required applications. In order to become a HUD broker, you will need to complete forms SAMS 1111 and SAMS 111A. These are the broker application and Selling Broker Certification form. Both of these forms are available on the HUD website. The information on these forms can be typed or written in blue or black ink.
- Submit the application and required documentation. The paperwork must be submitted to your state's HUD office. Contact the office directly to check the status of your broker application. Upon approval, you will be given a NAID broker number. This number must be renewed with the Department of Housing and Urban Development each year.