Employee-Benefit

1. Contact the Administrator.

You must contact the adminstrator to begin the activation

of your relocation and housing benefit. Activation will

generate a relocation referral to your real estate

professional. Real estate agents must have a referral

generated from the administrator to activate the benefit.

2. Verification of Employer Enrollment.

You or your personal Network Realtor Professional can

complete this Verification of employer enrollment b

y calling the benefit plan's administrator .

3. Selection of the mortgage lender.

Employees can use network lenders or direct mortgage requests to an organization's specialized relocation and housing benefit experts. Please refer to the knowledgeable lender list for the links of a preferred lender near you.

4. Complete the relocation and housing benefit requirements.

You must complete the benefit application, educational packet and community service form. The packet is a self-administered test with reading material covering the Real Estate Settlement Procedure Act (RESPA) and a Housing & Urban Development (HUD) pamphlet: Buying a Home. Additionally, you must invest six (6) hours of your time in community service. The directions and verification forms are within the benefit application and must be completed and received prior to settlement. After all requirements of the benefit have been submitted and verified of proper completion, you will receive notice of funding eligibility.

Employees are to complete the following portion of the benefit application packet and fax or mail it to the administrator:

Pg 4: Verification of Community Reinvestment

Pg 5: Employee Information

Pg 6-8: Education Packet

At the closing

The IRS clearly states the housing benefit, earned by completing the requirements, is a taxable event. A 1099 will be issued to the employee in the same calendar year the real estate transaction is completed. The settlement agent will require you to sign a 1099 acknowledgment at the time of title transfer.

A relocation and housing benefit disbursement letter will accompany the wire transfer to the your settlement agent. This additional measure is designed to ensure all requirements of the EAHF are met at the time of settlement.