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FAQ
What is Special Asset Management “SAM” ?
SAM is a real estate organization set up for its members - banks and related financial institutions. As it relates to you as an expert, SAM provides the members worldwide with a database of professionals able to assist in the management, evaluation, acquisition and disposition of real property assets. There are other services for the membership, however they do not currently apply to the experts contained in the database.
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What is the cost to register?
Operational Experts are required to pay a one time database registration fee of $250.00. There is a special reduction for cooperating associations. Check with your State or National Association to ascertain if there is a cooperating program available.
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What other costs are involved?
Currently there are no other costs to be involved as an expert in the database.
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Is my representative Association receiving a discount available to me?
SAM offers numerous real estate related State and National Associations cooperating program discounts. If you received a discount code from your association or via e-mail the answer is yes, if not please contact us directly.
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How will I benefit from having my profile listed in the SAM database of real estate professionals?
You or your firm will achieve global accessibility – as well as receiving the opportunity to create relationships and expand into new markets. You can present your qualifications to key decision makers on a constant basis. SAM enables all firms to compete on an “even playing field. Exposure to numerous RFP’s/RFQ’s.. Experts value the ability to place their name in front of the financial institutions in need of their services at the time the lender needs them the most. SAM presents your material, 24 hours a day 7 days a week to the key decision makers. SAM accomplishes the goals of lenders and experts in a fast and efficient manner, at no cost to the Lending Institution or to you, the expert. In short, just one lead from SAM would pay for your registration many times over.
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How much business will I get using SAM ?
SAM does not monitor the financial institutions activities with the experts. We have no accurate way of forecasting individual business within a specific industry with a further subset for a geographic market area. In the initial stage of development is a real time benchmarking data for the members, it is uncertain at this time if the experts will be afforded the opportunity to access this data.
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When can I expect to receive business?
The timeliness of receiving listings, RFP/RFQ’s depends on several components. An expert whose area of practice is the entire United States will most likely be contacted by lenders more frequently by virtue of having more geographical exposure. However, lenders also require the services of experts with local knowledge of their special asset properties.
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How do I register?
Simply go to the register now page, complete the Operational Expert profile and submit payment. In the event that you have a special discount payment code, enter that at the appropriate time.
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How do I enter my profile on the SAM database of real estate experts?
Entering your profile is an easy step by step process. Answer all the criteria questions and your account will be activated. Note - the more information you enter, the easier it will be for the institution to ascertain your ability to handle the asset for which you are being considered.
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How do I confirm that my profile is activated?
After entering your profile in the Operational Experts section of the SAM website, you will be sent an email advising you that your account has been received. A second email will be sent to you confirming that your payment has been received.
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How do I edit my profile?
You can update your profile at any time by signing in to the SAM Website and entering your user ID and Password.
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How do financial institutions receive my proposal/quote?
Financial Institutions and/or Departments of General Services will contact you directly through the information contained in your profile on the SAM website (most likely via e-mail, then telephone follow up) and you will respond directly via the instructions you receive from that particular institution.
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Who utilizes SAM?
SAM – is used by Financial Institutions world wide and Departments of General Services for some states, to access a database of professionals able to assist in the management, evaluation, acquisition and disposition of real property assets. Financial institutions are our “members”. There is no cost for Financial Institutions members to use the service.
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What banks are listed on SAM?
We do not provide lists of any registered financial institutions or their contact information.
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How long has SAM been offering this service?
SAM has been around for almost 5 years, however we have just undertaken an aggressive expansion for experts to meet our growing needs.
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Is my competition listed on SAM?
SAM’s database is populated with real estate experts like yourself who desire to be in contact with the worlds leading Financial Institutions requesting your services to aid in the acquisition and disposition of their special assets. SAM does not restrict its database participation in any manner.
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Are territories assigned?
No. The SAM marketplace is a global marketplace. The only restriction is the one imposed in the constraints you have listed in your geographic profile.
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Can I have multiple profiles under different expertise?
Yes. SAM enables experts to customize their profile and expand your services to include multiple criteria under different industries. However this is limited to 5 per registration. Several experts are listed in multiple areas and we provide a special discount for that process, just contact us.
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How can I use the site?
Experts are not allowed to conduct searches on the site, only the banks have this ability. Other than entering and editing your profile you are not permitted to use the site. Lending institutions will contact you directly and you will then contact them directly – not thru the website.
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