If you are looking to get into the REO space it is critical that you learn how the big guys get all the listings. Below is a list of what I consider important items.
Do BPO: Sign up to do broker price opinions. The Client will pay you between $50 to 75 each and will get your revenue moving. I cannot believe how many agents miss out on this idea. It is a great opportunity to meet the people that can give you listings.
Get Trained: I have a web solution that I created with my partner, Michael Cosentino, and it is the most comprehensive and affordable product out there. Visit www.reosalesexcellence.com to see and utilize the list of all the asset managers that you can do a BPO for. These are the same people who can give you listings allowing you to make money within days. Be a sponge; learn everything you can from everybody that is successful in REO and from our product. Through our REO forums, this learning is easy to do.
Sign up for a national REO directory: this is the best way to get going in the business and is what helped propel me to seven figures in earnings today. The problem is that most require experience in REO to sign up. Through REO Sales Excellence you will be able to get trained and then sign up with the fastest growing national directory, www.findreoagents.com. I feel this is critical to success; you have to get doors opened and that is what the product does.
If you follow these three simple steps it will make your success curve much easier in the world of REO sales.
Happy Hunting.
Raymond Megie
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