PRLog - Feb. 17, 2011 - Becoming an REO Listing agent and getting the Reo Listing Assignments is easier than most real estate agents and Realtors believe. Alot of real estate professionals believe that they pick up the phone and call Reo Bank Asset managers and hope and wait for their call to utilize them to list their bank owned properties. This is not how this industry works.
How to Get Reo Listing Assignments
Most REO agents do not share their secrets to success to getting Reo Listing Assignments!
It also comes with a huge, FREE list of 175+ Reo and Bpo Companies and Direct Contacts!
Learning how to get the Reo Listing Assignment is the key to your success! Find out what the Reo asset manager is looking for and how to get picked over all the other Realtors in your local area to be there agent they assign all the Reo listings to. The Reo agent book "Becoming a Master at Listing and Selling Bank Owned Properties" is a best seller! It teaches new and experienced real estate professionals the entire foreclosure Reo business as well as how to start getting the REO listings immediately!
What services do REO Listing agents perform 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 a good idea of what their REO property is worth and how much they should list the Reo 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! The whole goal is to get the Reo listing and assignment, there are Real estate agents with in excess of 750 Reo listings!!
What licenses are needed to become an REO Listing agent? You must have an active real estate license. Do you need to have experience to become an REO Listing agent? Most Real Estate agents will tell you yes, but remember-if that's the case-then how did they start out at one time! Actually anyone who is willing to learn the Reo industry can do it with a real estate license and the desire to work hard!
How hard is it to break into REOs? It is actually much easier than most Real Estate agents 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 and Reo Listing assignments.
How do I get more training to become an REO Listing agent? This outstanding book called Becoming a Master at Listing & Selling Bank Owned Properties teaches real estate professionals the entire REO Listing Business and most importantly how and where to get the bank REO listings and it teaches you how to capture the Reo Listing Assignments. It is specifically written for the real estate professional looking to start listing REOs and performing BPOs for the banks. Many REO agents currently have listed anywhere from 15 to upwards of 1000 bank REOs at any given time. This year alone there is expected to be over 3 million foreclosures nationally! This is a very booming industry and your earning potential is unlimited!
We have provided direct US REO Company website links, phone numbers, fax numbers and much more to help you start contacting the Reo Companies, Bpo Companies, and Reo Asset Management Companies below: Download the List of US REO Companies now:
Additional Real Estate REO Resources for you to Start Getting Reo Foreclosure Listings & Grow Your Reo Real Estate Business:
Join the Foreclosure Network! #1 Social Network for Real Estate Agents, Reo Listing Agents, Foreclosure Cleaning Businesses, Buyers, Investors, and more... It's Free to Join & Network! Join Today!
HAVE THE ASSET MANAGERS IN THE REO COMPANIES FIND YOU & REQUEST YOUR REAL ESTATE REO SERVICES NOW FOR FORECLOSURE LISTINGS!
At Instant Home Link they market your Real Estate services directly to the Banks & REO Asset Management Companies for all Platinum Members-Get more REO Listings & Bpos in 2011!
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Dream Street Investments, Inc. is dedicated to serving the entire real estate industry. Please visit our visit today! http://www.dreamstreetinvestments.com/