Become a Bank REO Asset Management Affiliate Listing Agent
Residential home lenders, asset managers, loan servicing companies, property developers, hedge fund operators and investors hire real estate agents that hold special training & certifications to work with “Real Estate-Owned’ properties aka Bank REO’s. These terms describe properties returned by the borrower to the mortgage holder. Real estate agents handling these listings must understand the current sales and rental market and have formal training to accurately complete a Broker Price Opinion. Agents also must understand real estate law, state and federal regulations, and eviction laws. Individual states determine the legal requirements to license real estate agents and brokers, but these different regulations have core requirements made by all state licensing authorities.
How to Start Working as a Local Foreclosure & Bank REO Specialist Agent
If you find satisfaction sharing your knowledge about residential properties and working one-on-one with clients, you may be suited for career as a real estate agent. Even though the profession offers flexible hours, active real-estate agents may work up to seven days a week helping clients buy and sell homes. Some real-estate agents enter the profession with a business background, although you do not need real estate experience to start working as an agent. In spite of real-estate market slowdowns, the Bureau of Labor statistics predicts that the real-estate profession will continue grow at a rate of 11 percent through 2020.
