Frequently Asked Questions - Lenders
A Complimentary Seat is a temporary seat on an “at will” basis and there will be no annual fees. There is a 12-seat limit for each community. If the 12-seat limit has been reached, a new Reserve Seat member can bump a Complimentary Seat member. There will be no grace period or warning given. So, it is always best to secure a Reserve Seat membership.
A Reserve Seat secures your seat for 12 months for an annual fee of $10 per community. You receive all the benefits of a Complimentary Seat and you also have renewal protection at the annual rate for that year.
Yes, you may select as many cities or towns as you like. The only restriction would be the maximum seat capacity in that community or the number of advertising positions for any one independent office or major brand. Presently that number is five.
We believe the consumer should have a good cross-section of mortgage professionals to choose from. Buyers View will restrict the number of advertising positions in all cities and towns that can be reserved by any one independent office or major brand.
Buyer’s View will attempt to give the consumer at least three individual offices to choose from for every community.
Yes, Complimentary Seats are occupied on an at-will temporary basis and will eventually be displaced by Reserve Seat members. Complimentary Seats will be bumped by the last one in, first one out system unless it is necessary to alter this because of the office restriction guidelines.
If an existing Reserve Seat member decides to change their employer and that transfer causes the maximum restriction guidelines to come into force, they will only be allowed to retain their seat through the end of their subscription period for that community unless there is a complimentary member from the same new office that can be bumped.
Send Buyers View a notice within 30 days of the expiration date and you will not be charged for the next subscription timeframe. Reserve Seats not canceled will be automatically renewed for another annual subscription and will be charged to the same credit card.
Any Reserve Seat position that expires and is not renewed within a five consecutive day grace period will automatically revert to Buyer’s View and will be available to be assigned to another lender or mortgage broker.