How to Become an REO Agent

4 Clock Hours
C-5815

REOs; Real Estate Owned
How to Become an REO Agent

This class is focused on helping real estate agents learn about working with banks and asset management companies and their REO properties from the perspective of a listing agent. Prior to jumping head first into REO property, in this class real estate agents will have the opportunity to understand the commitment of time and financial resources required to become a successful REO agent.  Representing lenders of foreclosed homes is complex.  Having an institutional client is different than having a traditional home seller as a client.  During this class, agents will:

Become familiar with the duties and responsibilities of an REO agent

Learn some basic business requirements for becoming an REO agent

Learn what lenders look for when selecting an REO agent

Understand the potential pitfalls in working with asset management companies

Learn the most frequently asked questions about working with HUD REOs

This class will also include a review of the Washington State Distressed Property Law, as required by DOL.

Schedule of upcoming classes

End of Course Evaluations:

“The REO class was fabulous! Many agents are moaning and groaning about the lack of opportunity. I clearly see that there are lots of opportunities in working with REOs.”

“Jillayne is an extremely knowledgeable and enthusiastic instructor who was able to clearly explain the various aspects of the REO market, how it works, what to expect, and what to do if you want to work with corporate clients.”

“An eye opening experience.  REOs in the past were off limits and intimidating.  Now I feel that those types of properties are within my reach. I’m now thinking about joining an REO team.”

“Highly informative! Thank you. Practical knowledge about how to proceed, engaging, delightful speaker, many resources.”

“Jillayne is amazing. I always have a great time and learn a lot from her.  I recommend her highly to all my agent and mortgage associates.”

“I now feel prepared and enthused to put together a strong business plan to attract this market segment.”

“Great class-very informative and real!”

“Jillayne and Matt, This is the best class I have taken from you. The info was amazing and you presented the material very well.  Thank you!”

“Very upbeat class which made it easy for me to stay focused on the material. Highly knowedgeable trainers, well organized material.”

“the class…opened my eyes to what it really takes to be an REO agent. I’m learning as much as I can about this process as it will become more prevelant in the future.”

“A lot of insight in how the process works behind the scenes.  Many agents that work this business don’t seem to want to share their knowledge so this was a great class.”

Schedule of upcoming classes