Housing Counseling FAQ
Q

Can a housing counseling agency both sell properties and provide housing counseling services?

Date Published: July 2008

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A

Yes. Housing counseling agencies are permitted to participate in multiple affordable housing services, including loan origination, property sales, and housing counseling services. However, should an agency choose to do this, clients must be provided with a disclosure form stating that these services are available through the agency, or through agency partnerships, and that the client is under no obligation to use these services and is free to seek them from another provider. The client must also be provided with information on at least three other relevant alternative services or products. Employees of the agency cannot be given extra compensation for counseling a client that purchases a home from the agency.


Tags: Housing Counseling Program Conflict of Interest

FAQ ID:

2403