Learn how to List REO homes for the Banks. Due to the current foreclosure epidemic, REO Agents are in extremely high demand to list and sell these foreclosed homes for the banks. New reports from Realty Trak state that foreclosures have risen 23% since the 3rd quarter of 2008. The economy is in a stand still, yet these REO agents are working day and night to keep up with the flood of foreclosures. Many believe the banks have been holding back a large inventory and they are preparing to release a second tital wave of foreclosures onto the market. Learn how to start accepting foreclosures and capitalize on this downturn of a real estate market.
1. Educate Yourself-Learn what it takes to Become an REO Listing Agent
2. Get a Good REO and BPO Bank Contact List-List of REO Asset Management Companies
3. Set up a Business Plan-Becoming a REO Agent is a Business and you should set your goals & expectations for your new Real Estate Business
4. Register with as many REO, BPO, & REO Asset Management Companies as you can to get the most REO listings
5. Have your Errors & Omission Insurance Policy & a copy of your Real Estate License handy while registering-the Banks require this information
6. Be prepared to work-You can make an amazing amount of money being an REO Agent, however you DO have to work!
7. Network-Join social networks and network with other REO Agents
With the surge in foreclosure activity, this is an excellent time to get into the business of Listing REO Homes for the Banks. We have included some website links to help get you started Listing REO homes for the banks.