FAQ Handbook

Once your offer is accepted, schedule the home inspection through Trio's preferred provided then upload a copy of the executed purchase agreement within 3 days to Trio on trioresidential.com 'Contract Upload'. Encourage your client to finalize any outstanding underwriting conditions. Upon inspection completion and any agreed upon seller repairs, provide a copy the report and any addenda to Trio

You write the offer just like you would any other. Your client is the buyer and they deposit earnest money. Include a standard mortgage financing addendum and mark "FHA" minimum down (depending on purchase price and the FHA maximum loan amount). Also include the Trio addendum from trioresidential.com

Your client's proof of financing is their Trio approval letter. This letter defines their approved maximum home price.

After Trio agrees to finance the home, the contract will be assigned to one of Trio's affiliated property holding companies.

If the appraised value does not meet the homes agreed upon and contracted purchase price, Trio will ask the Seller to reduce their price (and related concessions) to equal the appraisal. If the Seller refuses, the customer has the option of paying the difference upfront in cash. Otherwise the transaction will be cancelled.

Yes, agents get paid their full commission as they would if representing any buyer. Trio closes the home at lease inception and the commission is paid up front - not after years and only if your client purchases like the rest of the programs. In the end, Trio is the buyer on the contract so your customer is twofold - the consumer and Trio. Trio charges a transaction fee of $795 per closing or 25% of the commission for an outgoing referral.

First, make certain your buyer meets Trio's base qualification standards that can be found at thinktrio.com. Then encourage them to make application to confirm their approved max home purchase amount. Review our industry website at trioresidential.com for process and forms you will need to make your offer and ensure a successful closing.

Trio offers agent training in most markets and encourages all agents considering Trio to attend one of these classes. See trioresidential.com and sign up for our newsletter for the latest information.

For agent generated leads that close with Trio, a transaction fee of $795 is charged with each closing. For preferred agents, a $400 discount may be offered to customers closing with Trio. See trioresidential.com for more details and an explanatory sheet with fee breakdown:

Agent Comp Sheet

Before you apply to become a preferred agent for Trio, it's a good idea to be familiar with our compensation guidelines, program standards and agent forms. All of this information can be found on our consumer website at thinktrio.com and our industry website at trioresidential.com.

When you are ready to apply, on trioresidential.com under 'Get Started', select 'Apply to become a Trio Preferred Agent'. Complete the form and upload all of the required materials. Then be prepared to take our online exam.

The test is 40 multiple choice questions. A 90% passing grade is required. The exam is 'open book'. However, prior preparation is recommended to ensure you pass.

Once you pass the exam, Trio emails you a certificate and instructions on next steps. You will then be eligible to receive outgoing referrals from Trio and market yourself as a Trio Preferred Agent.