Can You Use Government Grants to Become A Real Estate Entrepreneur?
Page 2

By downloading a grant application package, you can view it offline, giving you the flexibility to complete the application when and where you want.

************************************

12. A subscription to the online magazine Broker Agent News and the print magazine, National Real Estate.

Who are eligible for the grant?

U.S. or Canadian nationals are allowed to take part in the grant provided that they have already taken a pre-licensing course at an accredited Real Estate School. The school should be state or nationally accredited and the participant must have taken the class during the six-month grant application season. If however the applicant has already passed his/her licensing examination, he is eligible for the grant if he has passed for a license within the same six months of grant awarding season. How do I apply?

Go to their website, http://www.realestateapprentice.com/apply.cfm and register as one of the applicants. The application form is electronic and you will be asked to enter personal information. However, you are only allowed 500 characters per question so answer it carefully and briefly.

What Criteria is used for this grant?

The questions on your application form aim to assess your communication skills, integrity, creativity, entrepreneurial spirit and uniqueness. Therefore your application form should contain as much of the talented you as it can.

The organizers who give it an initial grade, and then a panel of judges who are veterans first view the questions or otherwise well known in the industry are asked to judge each application form. These may range from industry leaders to sponsors of the grant.

15 judges one of them, the chairman of the panel, is appointed by the foundation. The chairman will then act as the coordinator for all judges as well as the judging process. The foundation only chooses the best and most experienced leaders in the industry and you are ensured that these people will be impartial.

Other things you should know.

* Always be ready with your proof of eligibility as the panel may request it.

* Finalists who are selected must be interviewed by the judges so prepare to look your best.

* It’s ok that you work for a real estate brokerage, but you may not work for a financial institution, insurance company or a title company on a full-time basis.

* The award isn’t tax-free

* If you do receive the grant, you will be required to show proof that you are indeed a licensed real estate agent.

· Once a finalist, you will be required to remain active as an agent.

About The Author Michael Saunders has an MBA from the Stanford Graduate School of Business. He edits a site on Government Grants for Small Businesses and also edits HandsNet - A Human Services News Website.

Can You Use Government Grants to Become A Real Estate Entrepreneur?
  Back to Page 1

Additional Resources

category - Home Buying Programs

Alabama Housing Finance Authority
The Alabama Housing Finance Authority, more commonly referred to as AHFA, is a public corporation which was established in the year 1980 under the Act No. 80-585 of the Alabama Legislature.

---

Urban Rehabilitation Homeownership Program for Homebuyers in Connecticut
In accordance with this mission, the Connecticut Housing Finance Authority has established the Urban Rehabilitation Homeownership Program wherein it intends to home purchase loans at steady, below-market rates together with home improvement loans with no interest, all in an attempt to support homeownership and investment in selected Connecticut neighborhoods.

---

Department of Housing and Urban Development: Continuum of Care Homeless Assistance Programs
The CoC Homeless Assistance programs is designed to reduce the incidence of homelessness in established CoC communities, thereby the need to assist homeless individuals and families during the process of quickly transitioning to self-sufficiency and permanent housing.

---

Department of Housing and Urban Development's Dollar Homes Program
The Dollar Homes Program revolves around the process of selling single family homes for a superbly reasonable price of $1 (plus closing cost) to low-to-moderate income families, granted that these houses have been acquired through foreclosure by the Federal Housing Administration, and have already been actively marketed for at least six months and still remained unsold after that certain period of time.

---