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Re: explained from information found on the internet
Posted by Mobile1/PA of PA on 8/10/22 11:56am Msg #641731
Here’s how it works from information found on the internet:
A real estate company offers to pay money in exchange for signing the homeowner benefit agreement. The agreement states that the company has the exclusive right to list your property as long as you decide to sell within the next 40 years! The payment is negotiable but believed to be in the range of $300.00 to as much as $5,000.00 and, in some instances, more. The payment does not have to be paid back. Instead, the Realtor is paying it in exchange for a future listing agreement with THIS Realtor (and THIS Realtor only) if the homeowner ever decides to sell the property. Should a homeowner decide to change their mind and cancel the agreement, there is a termination fee that far exceeds the payment received. The actual termination fee will depend on the terms of the agreement, but it is typically in the several thousands of dollars.
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Messages in this Thread
 All Star Notary, LLC Boynton Beach FL - Mobile1/PA on 8/9/22 8:16pm
 I've never hear of HBA's. What is it? n/m -  MW/VA on 8/10/22 8:18am
 Google Homeowners Benefit Agreement . . . - PegiT_MN on 8/10/22 9:23am
 Re: explained from information found on the internet - Mobile1/PA on 8/10/22 11:56am
 These agreements are the subject of a lot of litigation - Linda_H/FL on 8/10/22 12:00pm
 It sounds really sketchy. I suppose it is legit, but legal -  MW/VA on 8/10/22 2:53pm
 What this is - PaigeTurner on 8/10/22 3:45pm
 Re: What this is - pdl/cali on 8/10/22 8:15pm
 Not sure PDL .... - Linda_H/FL on 8/10/22 9:30pm
 Re: Not sure PDL .... - Linda_H/FL on 8/10/22 9:31pm
 Re: What this is - Courtney Chavers on 8/18/22 8:41am
 My 2 cents - Lee/AR on 8/11/22 7:28am
 Re: My 2 cents -  janCA on 8/11/22 12:28pm
 Re: My 2 cents -  Cheryl Elliott on 8/11/22 12:47pm
 HO gets $$$; not a loan; never repaid - Lee/AR on 8/11/22 2:29pm
 Looks to me like this is a Florida specific program. -  Cheryl Elliott on 8/11/22 6:37pm
 Maybe...but the thing is you can't lien a - Linda_H/FL on 8/11/22 10:18pm
 Roofers can, solar installers can... n/m - PaigeTurner on 8/18/22 11:38am
 Not Florida specific. - Mobile1/PA on 8/12/22 7:07am
 I'm not so sure they're not nationwide - Linda_H/FL on 8/12/22 8:52am
 Re: I -  Cheryl Elliott on 8/12/22 9:45am
 Re: Looks to me like this is a Florida specific program. - Kimberly Pomerleau on 8/19/22 12:11pm
 Re: All Star Notary, LLC Boynton Beach FL - Shelly59 on 9/1/22 3:21pm



 
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