What Is An Reo Agent

What Is An Reo Agent

From start to finish, the Accelerated Management Platform (AMP) connects agents to a community of real estate professionals, buyers, and sellers, and provides them with tools to accomplish work in the most efficient manner possible. No more managing distressed and traditional properties through different processes and separate systems.

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"We want to educate the public about what can be expected in an REO real estate transaction. Our top REO agents are helping us put together a brochure and other materials about the issues they face on.

Real Estate Owned (REO) is residential property that a lender becomes an owner of after they complete a foreclosure and take possession of the property. As a homebuyer, you might see properties listed as real estate owned, REO, or bank-owned, which all mean the same thing. Below are the facts you must know about buying an REO.

Bankers Asset Management delivers real estate sales representation and transaction coordination to America’s lenders for acquired properties (reo) located anywhere in.

REO agents take many bank-owned listings. The top-producing reo agents list anywhere from 50 to 300 or more foreclosures a year. For many, that equates to writing one listing a week at minimum to one or more listings per day.

Set up your reo listing operation with your broker’s assistance, including collecting state-approved listing forms and interviewing and hiring a helper or partnering with another REO listing agent to assist with taking calls from owners and agents of potential buyers.

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 · Just curious how an REO agent makes money. So a lender repossesses a house (doesn’t matter the method) and then uses an independent REO agent to work with the occupant to get them out. This is usually done with a CFK. So again, how does the REO agent make money? Is it a straight fee? Percentage of the money a lender is willing to offer in a CFK?

Great post, I would also say it’s very important to register with a lot of the free REO agent networks like REO Industry Directory and Equator, Res.net and get the most exposure and SEO you can out of it. Some good ones are of course Equator which is the largest but also the most saturated.

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