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

Summary

The Department of Housing and Urban Development (HUD) has established a new rule to remove real estate brokers from its qualified selling broker list and prohibit them from using HUD systems to sell HUD-owned single-family properties. This rule provides a more efficient disciplinary procedure for real estate brokers compared to existing suspension and debarment procedures.