Freddie Mac announced that it is offering $1,000 bonuses to real estate agents representing buyers of one of its HomeSteps REO properties. Listing agents may be eligible for $500.
The agent bonus program applies to 20 states.
To receive the bonus, offers must be received between Nov. 15 and Feb. 28, 2013. Closing must occur on or before April 15, 2013.
Investor purchases, auction sales, and bulk sales are not eligible for the program.
The bonus program, known as HomeSteps Winter Sales Promotion, is to help HomeSteps unload some of its REO inventory, which stood at 50,919 homes at the end of September. About two-thirds of the properties were located in the 20 states taking part in the agent bonus program.
Those states are Alabama, Colorado, Iowa, Illinois, Indiana, Kentucky, Louisiana, Massachusetts, Michigan, Minnesota, Missouri, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Virginia, Washington, and Wisconsin.
The author of this article is: realtormag.realtor.org
See the original post at: http://realtormag.realtor.org/daily-news/2012/11/16/agent-bonuses-offered-freddie-mac-reo-sales
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