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Re1agent's Blog

By James Browning | Real Estate Pro in Westminster, CO
  • Colorado Real Estate Professionals: New Course, How Resident Brokers Can Multi-Ply Their Incomes With Multi-Family Properties

    Posted Under: Market Conditions in Denver, Agent2Agent in Denver, Investment Properties in Denver  |  August 21, 2013 10:30 AM  |  351 views  |  No comments

    Colorado Real Estate Professionals: "New Course" How Residential Brokers Can Multi-Ply Their Incomes With Multi-Family Properties 

    "How Residential Brokers Can Multi-Ply Their Incomes With Multi-Family Properties"
    Denver Metro Association Central Office

     

    Instructor:  James Browning
    6 Hours of CE
    Cost:  $60 DMAR Members; $75 Non-DMAR REALTOR members, $90-Non-REALTOR members

    Date: Tuesday, September 17, 2013
    Time: 9:00 AM - 4:00 PM
    Address:
    4300 East Warren Ave
    Denver, CO 80222

    http://www2.realtoractioncenter.com/site/Calendar?id=111221&view=Detail

  • Florida: INCREASE YOUR INCOME BY GETTING

    Posted Under: Market Conditions in Lantana, Home Buying in Lantana, Agent2Agent in Lantana  |  August 7, 2013 2:44 PM  |  360 views  |  No comments

    Florida Real Estate Professionals National REOCertified® Designation @ Tamarac, and Lantana with 7 CE Hours. ShortSaleCertified® National Designation @ Tamarac with 6 CE Hours

    REOCertified® HOW TO RECEIVE REO LISTINGS! Increase your Income! Learning Best Practices for REOs & BPOs! We instruct from the Real Estate Practitioners point of view, the nuts and bolts or the process from A to Z.

    REOCertified® National Designation is being conducted in Tamarac 8-27-2013 and Lantanna 8-28-13, Tamarac (ShortSaleCertified) 8-29-13 @ Gold Coast School locations. Increase you INCOME, learn BPOs & REOs. Join us for this exciting and educational event. Presented by REO Institute in partnership with Gold Coast Real Estate School: with 7 Continuing Education hours towards your license renewal. We supply you with the BPO, REO, Banks, Lenders, Asset Managers contact list for your registration!!  Cost $139 per course per day for the REOCertified®  and/or ShortsaleCertified®

    Reo_inst_logo_nodropshdw_1_

    The course is @ Gold Coast Schools locations , and is open invitation to all Real Estate Professionals!


    Testimonials @ http://youtu.be/P9waRtut46o


    Here's the direct enrollment link for the course (ShortSaleCertified) in Broward on 8/29:


    https://www.goldcoastschools.com/reg/enroll.php?classid=147831&savesrch=%2Frealestate_short_sale_simplified.php

     

     

    1. $139.00

    Enrollment link for BPO & REO Simplified=REOCertified course at Doral on 8/28: https://www.goldcoastschools.com/reg/enroll.php?classid=147830&savesrch=%2Frealestate_nextstep.php

     

    1. $139.00

    Enrollment link for BPO & REO Simplified=REOCertified course @ Broward on 8/27: https://www.goldcoastschools.com/reg/enroll.php?classid=147829&savesrch=%2Frealestate_nextstep.php 


    1. $139.00


     


    If you like this post, please like us on activerain, facebook. Thanks, James

  • BPO (Broker Price Opinion) & REO (Real Estate Owned) Simplified: How to work With Asset Managers!

    Posted Under: Market Conditions in Denver County, Agent2Agent in Denver County, Investment Properties in Denver County  |  July 31, 2013 11:07 AM  |  391 views  |  No comments

     

    BPO (Broker Price Opinion) & REO (Real Estate Owned) Simplified: How to work With Asset Managers!

    By:  James A. Browning MRE, CDEI, CEC, CIPS, REOCertified® SFR, BPOR, SSC

    BPO Simplified: Topics and Timeframes Used by Banks/Lenders/Outsourcers

    ·    Policies, Procedures, Best Practices and Tools Used by a BPO (Broker Price Opinion) Broker

    ·    Terminology, Guidelines, Tasks, and Timelines used by the Banks/Lenders in the BPO process

    ·    How to Increase Your Income!

    ·    Marketing Opportunities for REO Listings

    REO Simplified: Topics covered Include:

    The foundation of the REO (Real Estate Owned) process is the knowledge and understanding of the procedures, guidelines, timeframes, and expectations the Banks/Lenders/Outsourcers demand from the REO Broker in today’s current market conditions.

    ·    The Banks/Lender/Outsourcers primary goal is to manage and liquidate the properties/assets efficiently and cost effectively in order to achieve the highest recovery rate in the shortest period of time.

    ·    Learn the 3-M’s, Marketing, Maintaining, and Managing a REO Property.

    ·    Working though the REO process through the eyes of a REO Broker.

    ·    Understanding risk management.

    Become REOCertified and Register Below!

    Click on the link below for details about each course, and to find out if you can receive continuing education credits in your state?

     
     
    After the completion of the Certification Test, you will receive the BPO and REO Companies "CONTACT LIST" to register with!
  • Browning Real Estate School Presents: 3 Years of Vacancy on a REO Property, Become REOCertified!

    Posted Under: Market Conditions in Denver County, Home Buying in Denver County, Agent2Agent in Denver County  |  July 8, 2013 12:23 PM  |  374 views  |  No comments

     Code violations, 3 years of Vacancy, REO property?

    Linda received a REO assignment from the Bank; she researched the property on the County records to searching the county records Linda discovered the sale took place 3 years ago. As a seasoned REO broker she expected the property to be vacant (as the bank has indicated) and property condition to be poor to fair. In a period of three years of weather related issues and the fact that no one has been maintaining or preserving the asset, she expected the worst.

    She drove to the property which was located a 10 minute drive from her office; upon arriving at the single family residential property she could not see the house at street level. The weeds and landscaping was growing for the entire summer, it literally looked like a jungle in the middle of the city! The weeds and grasses were 6 to 9 feet tall, and the sidewalk to the front of the building was not passable, not even visible!

    Linda made her way to the back of the house slowly through the maze of weeds and tall grasses and noticed the items that were left in the yard, two old barbeques, damaged swing set, huge pile of lumber/firewood, two 6 x 8 damaged sheds and various other old appliances.

    Linda tried to open the rear door of the house and to no avail, the door was locked tight. Next, she tried to access the sliding glass door, that was locked as well and even had a stick that was lodged in the slider guide to secure the sliding glass door. Linda said to herself, no access from the back, she managed to go around to the front of the house and slowly burrowed her way through the weeds and somehow managed to arrive at the front door.

    She looked at the front door and saw numerous postings attached to the door, many of the postings looked weather beaten and old. She started looking though the paper work and soon realized that the majority of the postings were the code violations from the County. Some of the violations were posted two years ago and one posting was as recent as last week.

    Linda was astonished by the number and duration of the code violations. She gathered the postings and made her way back to her vehicle though the path of weeds she made during her journey to the front door.

    She returned to her office to contact the AM to let her know the condition of the exterior of the property including the code violations.
    Linda because of her professionalism immediately contacted the Counties Code Enforcement Department to inform them that the Bank has assigned the REO asset to her and she would be on top of the violations. She asked the Code Enforcement Officer for an extension of time to communicate with the bank and work out a plan of attack to manage the properties issues. The Officer granted a small period of time to resolve the code violations because Linda took the time to contact them about the property and work with the County.

    The AM contacted Linda and instructed her to get two estimates of the work from Vendors to perform the services needed to bring the property back within the Counties Code Enforcement guidelines and regulations.

    Linda contacted two of her lawn maintenance vendors to to go to the property to inspect the condition of the weeds, landscape, trash, and items that have been left behind. She was requested that both vendors provide her with their bids within a 24 hour period.

    One Vendor had an estimate of $2,890 and the second vendor estimate came in slight lower at $2,765.

    Linda submitted both estimates to the AM for her review, and patiently waited for the Banks decision to move forward with the cleanup of the property.

    The Bank decided to move forward with the lower estimate and gave Linda the thumbs up to contact the Vendor to proceed with the maintenance and removal of the unwanted items on the property within 72 hours

    Linda had the approval and the timeframe needed to contact the Code Enforcement Officer to inform him that the property will be in compliance with the counties regulations and guidelines within 72 hours.

    The Officer and Department were satisfied with the future condition of the property and were grateful to Linda and the Bank for their efforts to correct the problems associated with this REO Property.

    The prior two years of code violations were mutually worked out between the county and the bank because Linda was proactive with the issues regarding the property and the counties Code Enforcement Department.

    The County would rather have property maintained and looking better than being difficult about the past code violations.

    The improved maintenance of the property enhanced the neighborhood instead of being a negative visual effect of the area.

    The moral of the story is being proactive as REO Broker will improve the reputation as a Real Estate Professional!

    The Asset Manager, Bank and Code Enforcement Officer will work with Linda as she has demonstrated she is very good as what she does. If a similar property comes up in the future regarding any Code Enforcement issues within the boundaries of this particular county, do you thinks the officer will work with Linda on a professional level?

    Become REOCertified® @ www.BrowningRealEstateSchool.com and click Online Classes

  • Become REOCertified® and the Why?

    Posted Under: Market Conditions in Los Angeles County, Home Buying in Los Angeles County, Agent2Agent in Los Angeles County  |  July 3, 2013 10:07 AM  |  347 views  |  No comments

    The REOCertified® designation is recognized by Asset Managers as providing real estate professionals with superior REO training & knowledge.

    There is a growing nationwide network of thousands of real estate professionals who have received the REOCertified® designation. After completing the “Income=BPO Simplified class, these professionals are changing the way BPOs are performed, by applying the training, knowledge, and education received to more accurately value properties. Not only do they understand how to place value on properties, but they also comprehend the role BPOs play in the REO process. Simply put, the “Income=BPO Simplified” course is superior to other educational opportunities being offered elsewhere.

    The second course, “Income=REO Simplified” created and developed by Browning, moves into the world of REO and explains the procedures, expectations, and demands that Outsourcers/Banks require in today’s market. The mystery of what REO brokers do is covered step by step, so you leave with a clear understanding of what to do should you choose to work in the REO arena.  We also explain the mistakes, pitfalls, and obstacles that we have encountered over many years of experience as REO real estate brokers. We share our experiences and the REO stories that the traditional real estate Broker can identify with.

    ONE OF OUR “REOCERTIFIED” DESIGNEES SAID IT THE BEST: “When solving the REO or foreclosure problems in today’s distressed market, the day will come when REALTORS and industry professionals are recognized.”

    By completing Browning’s comprehensive training in the BPO & REO Simplified courses, REOCertified® designees will know how to accurately value distressed properties and have a total understanding of the complex timelines, guidelines, and tasks that the Outsourcers/Banks/Lenders demand to perform the 3-M’s (Marketing, Management, and Maintaining).

    You will know how to liquidate REO and Bank owned properties/assets in the shortest period of time with the most profitable margin for your clients and increase your income.

    Become REO Certified® Online through the REO Institute at the
    Discounted Package Rate of $189!

    The online certification courses are offered exclusively through the REO Institute. The REO Certification consists of the following three courses. You must complete all three courses to receive the REO Certification. We recommend you take the courses in the order listed below.

    1. BPO Simplified
    2. REO Simplified
    3. REO Certification Exam Course
     
    The REO Institute/Browning Real Estate School will provide you with a current "BPO & REO" list to contact Banks/Lenders/Outsourcers after the completion of the REO Certification Exam Course.

    The two courses, “BPO Simplified” and “REO Simplified,” are approved for continuing education credit in some states. If the courses are approved for CE credit in your state, you will receive the CE credit after completing each of the first two courses, but not for the Certification Exam.

    Click on the link below for details about each course, and to find out if you can receive continuing education credits in your state
     
  • Become REO Certified® & RECEIVE A CURRENT LIST OF BPO/REO COMPANIES through the REO Institute Online Courses

    Posted Under: Market Conditions in Miami-dade County, Home Selling in Miami-dade County, Agent2Agent in Miami-dade County  |  June 19, 2013 12:01 PM  |  372 views  |  No comments

     

    Become REO Certified® & RECEIVE A CURRENT LIST OF BPO/REO COMPANIES through the REO Institute Online Courses with Continuing Education hours in selected States

    Become REO Certified® Online through the REO Institute at the
    Discounted Package Rate of $189!

     

    The online certification courses are offered exclusively through the REO Institute. The REO Certification consists of the following three courses. You must complete all three courses to receive the REO Certification. We recommend you take the courses in the order listed below.

    1. BPO Simplified

    2. REO Simplified
    3. REO Certification Exam Course

    Upon completion of the REO Certification, you will receive A CURRENT LIST OF BPO/REO COMPANIES TO OBTAIN BPO/REO ASSIGNMENTS.


    The two courses, “BPO Simplified” and “REO Simplified,” are approved for continuing education credit in some states. If the courses are approved for CE credit in your state, you will receive the CE credit after completing each of the first two courses, but not for the Certification Exam.

    Click on the link below for details about each course, and to find out if you can receive continuing education credits in your state

     

    https://www.continuingedexpress.com/ric 

     

    The REO Certification consists of the following three courses. You must complete all three courses to receive the REO Certification. We recommend you take the courses in the order listed below.

     

    The two courses, “BPO Simplified” and “REO Simplified,” are approved for continuing education credit in some states. If the courses are approved for CE credit in your state, you will receive the CE credit after completing each of the first two courses, but not for the Certification Exam.

     

     

    1. BPO Simplified

    The foundation of the REO (Real Estate Owned) business is the BPO process (Broker Price Opinion). In this course you will learn who requires BPOs, why, and when. You will learn how to perfect the BPO process, which will help you to build a repeat BPO business.

     

     

    2. REO Simplified

    When a bank takes ownership of a property through foreclosure, the property is listed as an asset on the bank’s balance sheet as “Real Estate Owned,” referred to simply as an “REO.”

    The mystery of what REO brokers do is covered step by step, so by the end of the course you leave with a clear understanding of how to work in the REO arena.  You will also learn to identify and avoid the mistakes, pitfalls, and obstacles that agents and brokers have encountered when listing and selling REO properties.

     

     

    3. Certification Exam

    This certification exam will allow you to demonstrate your working knowledge of the concepts, skills, and procedures contained in these two prerequisite courses: BPO Simplified and REO Simplified. After successfully completing this exam course, you will have earned the REO Certified® designation from the REO Institute. You will receive a Completion Certificate by email from the REO Institute, along with instructions to access online materials, including a manual, BPO checklist, and sample BPOs. You will also be able to download an REO Certified® logo to use on your marketing materials. You may use this designation to help you assure REO outsourcers, banks, and lenders that you understand how to market, manage, and maintain REO properties, and have a comprehensive education on how to complete BPOs according to industry standard practices.

     

    Click on the link below for details about each course, and to find out if you can receive continuing education credits in your state?

     

    https://www.continuingedexpress.com/ric

    James A. Browning MRE, CIPS, CDEI, REOCertified®, CEC, BPOR, ShortSaleCertified®, SFR

  • Would you take a Commercial Simplified Course to increase your income as a Residential Professional?

    Posted Under: Agent2Agent, How To..., Investment Properties  |  June 12, 2013 11:06 AM  |  232 views  |  No comments
    We are taking an unofficial poll to see if there is interest for Residential Real Estate Professionals to take a Commercial Simplified course? The course would instruct you to value and sell duplexes, and multi-family properties. This includes NOI (net operating income) and the CAP Rate.

    The course is: Commercial Simplified, "How Residential Brokers can Multi-Ply their Income by learning about Multi-Family Properties".
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