1. Be licensed as a real estate agent
2. Be a Real Estate Broker or be sponsored by a Real Estate Broker
3. Must be insured
a. E&O
b. General Liability
c. Workers comp
d. Car insurance
i. All insurance must have the Bank or asset management as the Certificate holder for the above-mentioned insurances.
4. Become a Minority/ Veteran/ SBA certified business
a. MBE
i. https://nmsdc.org/mbes/mbe-certificat...
b. Veteran
i. https://www.va.gov/osdbu/verification/
c. Small Business
i. Do a search with in your state to certify
1. California: https://www.dgs.ca.gov/PD/Services/Pa...
d. 8(a) SBA: https://certify.sba.gov/
e. Woman Owned Small Business (WOSB): https://beta.certify.sba.gov/
f. HUBZone Program : https://www.sba.gov/federal-contracti...
5. Find the lenders you would like to work with
a. https://www.laneguide.com/products.aspx
i. Apply with following institutions
1. Fannie Mae : https://procureone.fanniemae.com/page...
2. Freddie Mac : https://www.homesteps.com/homesteps/r...
3. FHA: https://www.hud.gov/program_offices/h...
4. VA: https://www.vrmco.com/join-our-network/
6. Programs you should add
a. https://realtypilot.com/
7. Have enough savings, you will responsible to cover utilities
8. Become member of REOMAC & Equator.
9. Get Educated
Andres Morales
lic#1343492
#reo #foreclosure #reoAgent