Learn how to get REO listings from banks in this 30 minute video. The one constant in business is change. The current market will change eventually. The best way to earn money in a down market is to list Bank owned foreclosure properties. Also known as REO for Real Estate Owned. It takes time to get your foot in the door with the asset managers that hire the listing agents. If you want to get foreclosure listings from banks, now is the time to get started. Foreclosures happen even in good markets. Prepare yourself for the next wave of REO activity.
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Video Chapters
00:00 How to Get REO Listings Introduction
00:30 My REO experience
02:07 Agent Qualifications for REO
03:27 Financial resources needed for REO Brokers
07:04 My early REO listings
12:31 Overview of the REO industry
15:07 Trade organizations for REO
16:34 Broker Price Opinions
19:31 Where to get BPO assignments
23:08 Building an REO Resume
25:28 Platforms for REO Equator & RESNET
30:01 Recap and checklist for REO