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b. Requirements (09/30/2016)
i. Program Overview
HUD must approve any real estate broker wishing to list Properties or represent buyers in sales transactions of HUD REO Properties.
ii. Use of Name and Address Identification
Each real estate broker wishing to list Properties or represent buyers in sales transactions of HUD REO Properties must have an active Name and Address Identification (NAID) issued by HUD; all agents conducting business in that real estate broker’s office may use that broker’s active NAID. For brokerages with several offices, each with a different real estate broker, each office may apply for a separate NAID.