REO de facto estate agents sell foreclosed and short sale properties.
Essential estate owned (REO) agents must be licensed absolute estate sales agents to record and display foreclosed Belongings. While there is no formal certification required to ripen into an REO agent, experience courses are offered to drill particular foreclosure related skills.
Continuing Education Courses
To metamorphose well-versed in the foreclosure manner, an agent can register for a continuing education workshop or circuit which focuses on the topic. A certificate is awarded when an agent or broker successfully completes a continuing education plan.Licensed Real Estate Agents
Properties designated as REO hold been foreclosed upon by a lending institute. REO agents are governance tested and licensed absolute estate ace who can deal solely or occasionally with short sales and bank-owned concrete estate sales.Method offerings and curriculum vary by provider and change throughout the year. Classes are typically offered both online and in the traditional classroom setting.
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Lender Workshops
Lending institutions offer seminars or single-day workshops for real estate professionals seeking additional knowledge or training in the short sale and foreclosure sale process. Topics routinely covered at such events include a current analysis of the local foreclosure market, short sale tips, market predictions, and distressed property foreclosures
