Learn what exactly the bank is looking in a offer. Learn from the experts like I did and read "REO BOOM" This book has over 400 pages on the entire REO process. I hope you find it helpful like I did.
What about Dual Agency? Who is that Agent "working for"? Me or the Lender who feeds them Listings. Who's best interest do they have in mind? Slippery slope.
The commission split is a good point. I have a realtors license and I thought I was being smart by representing an investor (my business partner) and getting a broker cut at the same time but all the reo agents just ignore me. I have to let them do a dual agency to keep them happy. Also most reos are not good deals. The realtors still have to spar with the bank when you want make a reasonable .50 cents on the dollar investment
Learn what exactly the bank is looking in a offer. Learn from the experts like I did and read "REO BOOM" This book has over 400 pages on the entire REO process. I hope you find it helpful like I did.
tedabalos5 2 months ago
What about Dual Agency? Who is that Agent "working for"? Me or the Lender who feeds them Listings. Who's best interest do they have in mind? Slippery slope.
AzBrokeBrent 2 months ago
The commission split is a good point. I have a realtors license and I thought I was being smart by representing an investor (my business partner) and getting a broker cut at the same time but all the reo agents just ignore me. I have to let them do a dual agency to keep them happy. Also most reos are not good deals. The realtors still have to spar with the bank when you want make a reasonable .50 cents on the dollar investment
Johnf85 4 months ago
I get nervous when a Realtor tells me it's a screaming deal.
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