How To Become an REO Agent

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Real Estate


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
b. Veteran 
c. Small Business 
i. Do a search with in your state to certify
1. California:
d. 8(a) SBA:
e. Woman Owned Small Business (WOSB):
f. HUBZone Program :
5. Find the lenders you would like to work with
i. Apply with following institutions
1. Fannie Mae :
2. Freddie Mac :
3. FHA:
4. VA:
6. Programs you should add
7. Have enough savings, you will responsible to cover utilities 
8. Become member of REOMAC & Equator. 
9. Get Educated

Andres Morales 

#reo #foreclosure #reoAgent