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- Please use the attached form each week. Rates will not be accepted on other form types. Rates must be emailed in to DAR – services@durhamrealtors.org
- The deadline is 1:00 p.m. on Tuesday. No exceptions will be made. We must have received all rates by 1:00 p.m. to allow time to compile and send to the Herald-Sun. Holidays may alter deadline.
- Please advise your staff of our deadline, we will not have the time to give a reminder call if your rates are not received.
- Rates must be in decimal format (7.625, 8.75). Fraction format will not be accepted.
- Include on form the name of the person responsible for the rates.
- “Call for Quotes” is not an acceptable entry.
- Comment column is to be used for specific details on a product quoted.
- Conventional interest rate and points quotes should be for a minimum of 30 day rate lock based upon a loan amount of $100,000. FHA interest rates and point quotes should be for a minimum of 30-day rate lock based upon a loan amount of $100,000.
- Rates will be subject to random verification. Failure to report accurately will result in suspension from the rate quote listing.
- Lenders quoting rates through the Durham Association of REALTORS® must be members of the Triangle Mortgage Lenders Association and the Durham Regional Association of REALTORS®. To be a member of TMLA, you must actively maintain an office in Durham and/or Orange County or in a County bordering Durham and/or Orange county.
- Failure to report rates 3 consecutive times will result in the company’s name being removed from rate publication for a period of 3 weeks.
If you delegate this responsibility to someone in your office, please review these rules with them. June 2003
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Mortgage Rate Guidelines Durham Association of REALTORS® Effective April 3, 2001
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