Becoming an REO agent is easier than most real estate agents believe. Alot of real estate agents and Realtors believe that they pick up the phone and call Reo asset managers and hope and wait for their call to utilize them to list their Reo Properties. This is not how the Reo Foreclosure industry works. Most REO Real Estate Agents and Realtors that list Reo properties do not share their secrets to success! Why would they? They make hundreds and even millions of dollars a year listing & selling Reos directly from the banks! Most Real Estate Agents and Realtors want to know how to get into this amazing industry and many feel it is just too hard to break into the Reo listing business! This is just Not True! All the answers can be found in the award winning Reo Real Estate Agent book Becoming a Master at Listing & Selling Bank Owned Properties. Learning the process of becoming an Reo Real Estate Agent is actually very easy and can be found it in this great book geared for Realtors and real estate agents. It teaches new and experienced real estate agents the entire Reo foreclosure business as well as how to start getting the REO listings immediately!
What services do REO agents perform for the banks? Banks hire Realtors and use Reo real estate agents to list and market their bank foreclosure properties. Reo Agents and real estate agents that get reo listings also perform Bpos for the Banks. Bpos (Broker Price Opinions) and becoming the bank REO listing agent. What is a BPO? A BPO (Broker Price Opinion) is an expanded CMA (Comparative Market Analysis). Basically, it gives the bank or mortgage lender a good idea of what their REO Foreclosure property is worth and how much they should list and market the property for when it comes onto the market. Banks will pay anywhere from $50-$150 per bpo order. There are agents out there doing in excess of 500 bpo orders per month! What licenses are needed to become an REO agent “Real Estate or Realtor that list bank Reo properties” Actually anyone who is willing to learn this industry can do it with a real estate license and actively working under a broker or be a broker themselves. How hard is it to break into REOs and Becoming an Reo agent? It is actually much easier than most Real Estate Agents and Realtors believe. You will need a copy of your real estate license, a signed w-9 form, a copy of your errors and omission insurance policy, and be prepared to list all of your zip codes you are interested in receiving Reo listings in. How do I get more Real Estate Reo training to become an REO agent?
Visit this website and download the Real Estate Reo Agent Training Ebook, here is the website:
This Outstanding Real Estate Agent Reo Training book called Becoming a Master at Listing & Selling Bank Owned Properties teaches real estate professionals the entire REO industry and most importantly how and where to get the bank REO listings and Become an Reo agent for the Banks. It is specifically written for the real estate agent “Realtor” looking to start listing Reos and performing BPOs for the banks. Many REO real estate agents currently have listed anywhere from 15 to upwards of 1000 bank Reos Foreclosure listings at any given time.
How do I get a List of Reo Asset Managers and Bank Reo Asset Management Companies for real estate agents and Realtors to sign up with and register to get bank Reo listings?
There is a good bank contact list that has over 1200 direct bank Reo contacts, with full bank Reo contact information to the top foreclosure Reo departments, Reo asset managers, Reo asset management companies, & Reo and Bpo Companies that you can download, then just start registering with them all to be placed on the Reo agent vendors list, here is the website link:
This year alone there is expected to be over 4 million foreclosures nationally! This is a very booming industry and your earning potential is unlimited! We wish you much success in Becoming an Reo Agent!