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#311687 - 10/30/09 11:38 AM Residential REO Broker wants to learn Commercial REO...
Cali Broker Offline
Veteran Member

Registered: 11/08/07
Posts: 650
Loc: Los Angeles County
I currently list residential REO and would like to find out how to get commercial REO training. I figure the REO stuff is similiar but I need to learn how to list/sell commercial real estate. Anyone have any ideas?

I'm in southern California and may go to the CREOBA seminar next month.

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#311725 - 10/30/09 05:15 PM Re: Residential REO Broker wants to learn Commercial REO... [Re: Cali Broker]
super realtor Offline
Major Contributor

Registered: 05/01/05
Posts: 7231
Loc: georgia
Everything I have read on CREOBA is crap. Just Google it. Looks like they are trying to replicate REO MAC and NREOBA but do it on the commercial side and charge more.

You can do much better on your own.

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#315567 - 11/29/09 01:19 AM Re: Residential REO Broker wants to learn Commercial REO... [Re: super realtor]
Calreo Offline
Junior Member

Registered: 11/29/09
Posts: 4
Loc: California
Super Realtor is right. CREOBA is trying to replicate REOMAC. There is nothing wrong w/ that. It's just that they are asking too much money for what they're able to offer.

No, Comm REO stuff is not similar. You should get some experience with regular Comm transactions first before you tackle the Comm REO.

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#315603 - 11/29/09 03:12 PM Re: Residential REO Broker wants to learn Commercial REO... [Re: Calreo]
bsareo Offline
Member

Registered: 02/07/09
Posts: 210
Loc: Somewhere in the desert
I spoke to CREOBA and they require 2 years comm experience to work with them. They do not train residential agents.

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#316464 - 12/06/09 05:17 PM Re: Residential REO Broker wants to learn Commercial REO... [Re: Cali Broker]
jgizzi Online   content
Major Contributor

Registered: 11/14/00
Posts: 1942
Loc: The big blue marble
If you are a residential REO broker then you already know the REO part. That is a no brainer. You just need to learn about commercial real estate. You can't group all commercial properties together as there are many different sectors. Most agents will pick a sector such as retail and learn everything they can about it.



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