I recently stumbled upon the website of NACA -- Neighborhood Assistance Corporation of America.  They have a low-interest rate mortgage that they provide as well as homebuyer training classes for potential homebuyers.  They have a referral program where they will refer pre-approved buyers who have attended their classes to agents.  It is a pretty hefty referral fee at 33%.

Just wondering if any Active Rainers are familiar with this program or have used it and to what success?

 

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2 Comments on Anyone familiar with/use the NACA referral program

JUL
09
2007
Localism Sponsor
Haven't heard of them but 33% seems steep.  Better work on volume!
3:41pm • #1
1,306,668 Points 96 Featured Posts Outside Blog Hit Router Attended Rain Camp Called Shot Master
First, the only refer to you if you refer to them and actually have buyers that complete the class.  I went to their agent sign-up class.  I sat there for hours listening to their pitch.  I tried referring about 20 people over the course of a month to the program, and not a single person would sign up.  A few read the information about what the program was about and they get excited about the lower interest rates, for a split second, but when they find out that they actually have to attend buyer classes and do work, they all got turned off.  So, even though I referred several people to the program, not a single referral from NACA because no one completely the classes.
3:58pm • #2


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Brian Block -- Northern Virginia & D.C. Real Estate

McLean, VA

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