USAA MEMBERS PLEASE READ IT ALL
This information is not being provided by USAA and PCS to Hill
can only tell you
what some of the agents who were previously USAA Trained Realtors® have told us.
We do however have in our possession documents to verify the below information.
Basically the USAA Movers Advantage Program works like this:
You call USAA and register with them and they have a USAA certified and trained agent contact you to help you buy or sell a home.
The Mover Advantage Program gives cash back to the buyer or seller for using their real estate agent.
Here's the part no one in the Movers Advantage Program will tell you about:
In Utah, if you use the USAA Movers Advantage Program the real estate agent involved in the transaction gives up 45% of the commission to USAA so they can give the member the cash they promised them. The worst part of all of this is that USAA gets a lot more money then they are giving the military member. Here is an example.
USAA Buyer purchases a home for $100,000.00 and USAA gives the buyer $300.00.
However, the real estate agent gave USAA 45% of the commission
they received from the transaction.
Let's say there was a 3% commission, that would mean the agent and their company would split $3,000.
USAA gets 45% of the $3,000 which is $1,350.00 and they give the military member $300.00.
So USAA gets to pocket $1,050.00 just for giving the real estate agent your name and contact information.
DOES THAT SEEM FAIR TO YOU THE MILITARY MEMBER??
One of our USAA members learned that USAA Mortgage can not close a mortgage on a new purchase in less than 60 days. Most local lenders can get the loan closed in under 21 days. Doesn't USAA Mortgage realize that every day the military member stays in the Temporary Living Facility or in a local hotel they are usually paying at least $50.00 a day. If they wait for USAA to close the loan, they will be out an additional $1,950.00.
IF THIS DOESN'T SOUND RIGHT TO YOU, CHECK OUT THE PCS TO HILL RESCUE PACKAGE AVAILABLE TO ALL MILITARY AND CIVILIANS WHO ARE RELOCATING TO HILL AFB OR UTAH - CLICK HERE