NAID Recertification/SAMS-1111 Changes by Tony Smith, Wanda Smith & Associates
June 14, 2018
Almost everybody has done it. And if you’re not one of the broker’s who has done it, you’re probably one of the brokers who came awfully close. I’m talking about letting your NAID certification lapse.
OOPS!
It happens.
I think as an industry we’ve gotten so used to reminders and notifications, when we don’t get a reminder, we don’t think to check.
Think about it. You get reminders about license expirations, about insurance expirations, about CE requirements, when to pay bills and when to go to meetings or appointments. But there are no reminders about recertifying your NAID number.
Can you imagine that? They expect us to be adult, responsible, professional people and keep track of it ourselves.
The horror!
Of course, I’m being a little silly here. But we really do get used to automated reminders and notifications and sometimes, when we don’t get them, things slip through the cracks.
We fixed that problem in our office by setting up our own automated reminders to pop up on various computers weeks before the recertification is due. Which is, trust me, way better than waking up at 3 am sweating with your heart pounding, asking yourself, “Did I miss my NAID recertification date?” I speak from experience. I also manually check the date every few months, just to be on the safe side.
HUD has just posted some exciting news that will make recertifying easier: they are implementing on an online NAID application and renewal process. This will make it easier for everyone to recertify!
The full notice from hudhomestore.com reads:
NAID Reertificaion/SAMS-1111 changes |
In early July, HUD will no longer allow bids on properties if the Selling Broker NAID recertification is past due. |
If you need to recertify now, HURRY! If not, wait for the new online system and make life a bit easier.
But you still need to remind yourself to renew. Nobody needs another OOPS!
About the Author
Tony Smith is a second generation REALTOR® and owner of Wanda Smith & Associates with over twenty years handling Real Estate Owned (REO) properties and is proud to represent HUD through KM Minemier & Associates Real Estate Services. Licensed for 35 years, Tony has been active in leadership in the industry for decades; he is past president of the North Carolina Association of REALTORS® (2015) as well as past president of the Charlotte Regional REALTOR® Association. He is currently a Federal Political Coordinator for the National Association of REALTORS®. Tony is a passionate advocate for both REALTORS® and consumers in today's fast moving real estate market.