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Code of Federal Regulations (Last Updated: November 8, 2024) |
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Title 41 - Public Contracts and Property Management |
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Subtitle F - Federal Travel Regulation System |
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Chapter 302 - Relocation Allowances |
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SubChapter E - Residence Transaction Allowances |
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Part 302-14 - Home Marketing Incentive Payments |
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Subpart A - Payment of Incentive to the Employee |
§ 302-14.2 - What is the purpose of a home marketing incentive payment?
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§ 302-14.2 What is the purpose of a home marketing incentive payment?
The purpose of a home marketing incentive payment is to reduce the Government's relocation costs by encouraging transferred employees to participate in their employing agency's homesale program to independently and aggressively market, and find a bona fide buyer for their residence. This significantly reduces the fees/expenses their agencies must pay to relocation services companies and effectively lowers the cost of such programs.