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REO Properties: Responsibilities, Education, and Opportunities for Real Estate Professionals
Designations & Certifications: Accredited Buyer's Representative (ABR®)
Affiliation: REBAC
Format: Classroom, Online

Course Credits: Counts as one REBAC elective course to be applied towards the ABR® Designation Course

Duration: 1 Day

Format: Classroom

Course Objective

This course is designed to help students understand how to participate in and take advantage of business opportunities presented by the REO property market. The course focuses on single-family homes and small multifamily properties.

Course Outline and Learning Objectives:

    Chapter 1: The REO Business
  • Monitor REO activity in your market area: inventory, properties in the pipeline, and shadow inventory.
  • Research and recognize REO trends and opportunities in your local market in comparison to national trends in order to evaluate business opportunities.
    Chapter 2: Opportunities for Real Estate Professionals
  • Determine if the REO market is a good fit for youpersonally and professionallyand what services you could offer.
  • Make productive contacts with asset managers.
  • Adapt your core real estate skills to work in the REO market.
    Chapter 3: Listing REO Properties
  • Gain an understanding of asset managers' viewpoints and priorities in managing, listing, and selling REO properties.
  • Work with asset managers to prepare REO properties for market.
  • Meet asset managers' expectations in implementing steps in the REO transaction.
    Chapter 4: Marketing, Monitoring, and Closing
  • Develop marketing strategies for REO properties.
  • Monitor and report property conditions and market activity.
  • Help buyers achieve a satisfactory, timely closing.
    Chapter 5: Representing the REO Buyer
  • Help buyershome buyers, investors, and nonprofit organizationspurchase REO properties.
  • Guide buyers in making informed decisions and avoiding common pitfalls in REO transactions.
This course is available online through REALTOR University Click here for registration
DateCompanyInstructorLocationRegister
08/21/2013 Greater Metropolitan Association of Realtors Richard Conley Troy MI 248-478-1700
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09/11/2013 Greater Metropolitan Association of Realtors Richard Conley Farmington MI 248-478-1700
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