Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 41 - Public Contracts and Property Management |
Subtitle F - Federal Travel Regulation System |
Chapter 302 - Relocation Allowances |
SubChapter E - Residence Transaction Allowances |
Part 302-14 - Home Marketing Incentive Payments |
Subpart A - Payment of Incentive to the Employee |
§ 302-14.5 - Under what circumstances will I receive a home marketing incentive payment?
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§ 302-14.5 Under what circumstances will I receive a home marketing incentive payment?
You will receive a home marketing incentive payment when:
(a) You enter your residence in your agency's homesale program;
(b) You independently and aggressively market your residence;
(c) You find a bona fide buyer for your residence as a result of your independent marketing efforts;
(d) You transfer the residence to the relocation services company;
(e) Your agency pays a reduced fee/expenses to the relocation services company as a result of your independent marketing efforts;
(f) You meet any additional conditions your agency has established, including but not limited to, mandatory marketing periods, list price guidelines, closing requirements, and residence value caps; and
(g) Your agency has established a home marketing incentive program.