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Disposition of HUD-Acquired Single Family Property; Disciplinary Actions Against HUD-Qualified Real Estate Brokers

HUD · hud-fha · Published 2006-11-07 · Effective 2006-12-07 · 71 FR 65322

Document

Document number
E6-18698
Federal Register citation
71 FR 65322
CFR reference
24 CFR 291
Type
Rule
Action
Final rule.
Category
hud-fha
Agency
US Department of Housing and Urban Development
Publication date
2006-11-07
Effective date
2006-12-07
Docket
Docket No. FR-4871-F-02

Abstract

This final rule establishes the basis and procedures for removing real estate brokers from HUD's qualified selling broker list and for prohibiting removed brokers from using HUD's systems to participate in the sale of HUD-owned, single family properties. This rule is similar to existing removal rules for Federal Housing Administration (FHA) appraisers, consultants, and nonprofit organizations, and provides HUD a more expeditious disciplinary procedure for real estate brokers than the suspension and debarment procedures that would otherwise be applicable. This final rule follows publication of a September 17, 2004, proposed rule, and takes into consideration the public comments received on the proposed rule.

Source

Authoritative
Federal Register document
Machine
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