HUD buying and RE License?

[Tatyana M.]

Hello BP,

sometime ago i asked RE broker if a Real Estate Agent can bid on HUD homes (Fannie Mae in particular) and was told "no, RE agent or a company where RE agent has even partial ownership can not buy HomePath properties".

Was i misled? or is there a way around this rule (assuming it is true)

thank you! 

[Greg H.]

No restrictions at all in buying HUD or Homepath properties as an agent except:

With Hud if your agency is a HuD listing broker you are not eligible to bid. Additionally, an agent is not entitled to a commission at this time (this has gone back and forth several times over the years)