Illinois Fannie Mae Real Estate Broker Referral Form
This form is for licensed Illinois real estate brokers to refer clients to Fannie Mae Last Look Auctions. It includes broker and client registration information, and must be submitted before the auction. A referral fee is provided if conditions are met.
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How do I fill this out?
To fill out this form, start by entering your broker information. Next, provide the real estate brokerage information if applicable. Finally, identify the auction details and provide your client's information.
How to fill out the Illinois Fannie Mae Real Estate Broker Referral Form?
1
Enter broker information.
2
Provide real estate brokerage information.
3
Identify auction details.
4
Provide client information.
5
Sign and submit the form.
Who needs the Illinois Fannie Mae Real Estate Broker Referral Form?
1
Licensed Illinois real estate brokers referring clients to Fannie Mae Last Look Auctions.
2
Real estate brokers looking to bid on Fannie Mae properties on their own behalf.
3
Sponsoring brokers needing to receive referral fees.
4
Clients being referred to Fannie Mae Last Look Auctions.
5
Any licensed Illinois broker needing to participate in Fannie Mae Last Look Auctions.
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What are the instructions for submitting this form?
Complete the Illinois Fannie Mae Real Estate Broker Referral Form accurately. Submit the form via fax to 312.224.0246 or email to mfgill@atgf.com no later than one business day prior to the start of the auction. Ensure all fields are filled out, and attach any additional required documents if necessary. My advice is to double-check all information for accuracy and completeness before submission to avoid any delays or issues.
What are the important dates for this form in 2024 and 2025?
This form needs to be submitted no later than one business day prior to the start of each Fannie Mae Last Look Auction. Specific auction dates vary and should be checked regularly for 2024 and 2025.
What is the purpose of this form?
The purpose of the Illinois Fannie Mae Real Estate Broker Referral Form is to allow licensed Illinois real estate brokers to refer clients to Fannie Mae Last Look Auctions. This form ensures that brokers and their clients are registered and eligible for participation in the auctions. By completing and submitting the form, brokers can also qualify for a referral fee if the referred client successfully purchases a property through the auction.
Tell me about this form and its components and fields line-by-line.
- 1. Broker Name: The full name of the referring broker.
- 2. Agent ID No.: The identification number assigned to the broker.
- 3. Real Estate Brokerage Name: The name of the real estate brokerage company if the broker's license is held with one.
- 4. Address: The address of the real estate brokerage or broker.
- 5. City, State, Zip: The city, state, and zip code of the brokerage or broker.
- 6. Real Estate License No.: The broker's real estate license number.
- 7. State of Issuance: The state in which the broker's real estate license was issued.
- 8. Office Phone: The office phone number of the brokerage or broker.
- 9. Self-Sponsored Real Estate Broker?: Indicates if the broker is self-sponsored.
- 10. Cell Phone: The cell phone number of the broker.
- 11. Fax: The fax number for sending the form.
- 12. E-Mail Address: The broker's email address for correspondence.
- 13. Date and Location of Auction: Details about the date and location of the auction the broker or client will be attending.
- 14. Client Information: Details about the clients being referred to the auction.
- 15. Signature of Referring ATG Member: The signature of the referring broker to confirm agreement to the terms.
- 16. Date: The date when the form was signed.
What happens if I fail to submit this form?
Failure to submit this form may result in disqualification from participating in the auction and loss of potential referral fees.
- Disqualification: Inability to participate in the auction if the form is not submitted.
- Loss of Referral Fees: Potential referral fees will not be paid if the form is not submitted.
How do I know when to use this form?
- 1. Client Referral: When a licensed broker refers a client to a Fannie Mae Last Look Auction.
- 2. Broker Participation: When a broker intends to bid on properties in the auction on their own behalf.
- 3. Sponsoring Broker Submission: When a broker's license is held with a sponsoring broker, the form must be submitted to qualify for referral fees.
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What information do I need to fill out this form?
You need to provide broker information, real estate brokerage information, auction details, and client information.
When should I submit this form?
The form should be submitted no later than one business day prior to the start of the auction.
Who needs to sign this form?
The referring broker needs to sign this form to confirm they have read, agreed to, and accepted the terms of the referral program.
Can I edit my information after submitting the form?
No, you should ensure all information is correct before submitting, as edits cannot be made post-submission.
Where do I submit the completed form?
Submit the completed form via fax to 312.224.0246 or email it to mfgill@atgf.com.
What if my brokerage license is with a sponsoring broker?
In this case, the referral fee will be payable to your sponsoring broker.
Do I need to submit a new form for each auction?
Yes, you need to submit a separate form for each Fannie Mae Last Look Auction you participate in.
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