If you are an associate broker or selling agent, your principal broker must register first before you can register with HUDHomestore.com. When you register as an associate broker or selling agent, you will need to use the NAID of your principal broker. You will also need your Real Estate license number and expiration date.In the Home screen on the upper right side, click the Bidder link. This displays the Bidder Registration screen where you start the registration process. The Submit button does not become "live" until the terms and conditions are accepted.
Individual Accounts on HUDHomeStore.com
Although some Broker of Records require their agents to submit all bids at HUDHomeStore under the Broker of Records profile/account and this is certainly the broker’s prerogative; it may not be the ideal situation. Below are some advantages for selling agents to create their own profile once their broker of record has registered and created their profile/account at www.hudhomestore.com.
A. Multiple offers on the same home submitted under one profile/account will give a 2nd offer an advantage because the 2nd person making a bid will see the 1st bid that was submitted for the same property and can advise their client of said 1st offer.
B. Potential communication issues cause confusion within the office. When a bid or contract is accepted all communication is directed to the broker of record only and it will be up to him/her to discern which agent within the office the information is directed to.
C. Cancelled awarded bids or contracts because of missed time sensitive emails sent to the broker of record are not promptly forwarded or sent to the correct Selling Agent.
D. Ability to communicate only with the broker of record as the selling agent would be a third party because the offer was not submitted under their name but under the broker of records name.
Selling Brokers must provide:
Philadelphia Homeownership Center
Attention: NAID Registration
The Wanamaker Building
100 Penn Square East
Philadelphia, PA 19107-3389
Registration Under NAID Holder
· Prior to Registering as a broker or seller on the Site, you must have a NAID number from HUD
· The Principal Broker must register first as such using the NAID given
· You Can enter up to 3 NAID numbers in 3 different states
· Selling agents and associate brokers of the same company must register AFTER the Principal has been established using the same NAID