How Do You Become An REO Listing Agent?
As the number of foreclosures rises, banks and lenders are looking for ways to sell these homes at fair market value in order to recoup some of their money. If they are unable to sell the home through an auction, then the property becomes what is called a real estate owned (REO) property. Real estate agents have an opportunity to work with banks and mortgage companies to sell these properties, but they must understand the basic principles of selling REO properties. Continue reading to learn how to become an REO listing agent. Step 1 Understand the process of selling REO listings. As a real estate agent, you feel comfortable working with buyers and sellers, but when it comes to REO listings the process of selling them involves more details that you may not be familiar with. REO listing agents handle a variety of tasks for banks or lenders in addition to marketing and selling these homes. They are responsible for keeping the home secure, inspecting it and taking the necessary steps to pr
