How can I list REO?

[N/A N/A]

As a realtor, how can I list and sell REO?

[Joel Owens]

It will be re-assigned to another broker/agent on their list.

Listing residential REO ship sailed long ago.Many of my broker friends have stopped listing for banks and work on the buy side more as they pick up a bonus.

On the REO side you get hit with BS certifications from asset companies wanting hundreds of dollars a year to be a MEMBER and POSSIBLY land a listing.

When you do it's a POC (piece of crap) and you have to outlay a money with rekey and trashout,cash for keys etc. in some cases and wait for the money to be paid back to you.

If you have a buyer for the property try to deal with FNMA.If you are just after a listing you need to go with a big reo brokerage already established and be a buyers broker.

As local and regional banks have told me they get calls almost everyday from agents wanting to list their REO's.

I am more valuable as I focus on the commercial side so they don't get as many of those specialized types.

If you are the broker you can go to the local banks and offer to do it cheaper for volume and land business that way.

Thanks