What I meant about REO listings being more work than conventional listings is that there's a huge amount of paperwork involved for most. You have to do the BPo, and in many cases, have to order any clean-up, trash-out, lawn and repair work, pay for it upfront, submit the paperwork, and hope you get paid back within 6 weeks. You have to report every month(sometimes more) on the activity and advertising for each listing. You have to keep up with the market very well, bacause you are the eyes and ears of these companies...As far as where to sign up, do some research in the foreclosure forum here, but don't ask for someone to give you a list of companies that we've all worked hard to find on our own. Reading a few hours should give you about 20 decent companies names, and about 5 that aren't very good. Start there. Ask your broker if your E&O will cover this work, and how much he/she wants from the BPOs you do. Get plat books or good county maps, and LEARN YOUR AREA! But mostly, read about the companies, and the experiences of agents in this line ofwork before you decide you wanna do it...
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REO Broker since 2004
"And think not you can guide the course of Love, for Love, if it finds you worthy, will guide your course" K.Gibran
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