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John Meyers, Real Estate Pro in Park Ridge, IL

How does a broker become a designated Freddie Mac or Fannie Mae listing broker? I've approached a couple banks but no luck with that yet.

Asked by John Meyers, Park Ridge, IL Thu Feb 20, 2014

There continues to be a number of foreclosures out there and I notice that many of them are represented by small independent brokers. Thanks, John

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I registered over a year ago, completed everything they asked for and have yet to get a listing
0 votes Thank Flag Link Thu Feb 20, 2014
Update -- They require $500,000 in E&O insurance (which I have), however, they require a certain amount of reserve funds available for fixing up homes which they reimburse you for. -- They also mention that it may take YEARS before I get approved. Not worth chasing this mouse since the market is picking up. -- Thank you everyone for your input!
0 votes Thank Flag Link Mon Mar 3, 2014
The possibility of approval will depend on the number of listing agents in your area vs the number of foreclosures, it does not hurt to try. Listing bank owned will keep you on your toes, be ready!
0 votes Thank Flag Link Thu Feb 20, 2014
Hi John,

Bill gave you the website. You are good to go. If you are not the managing broker, your managing broker will also have to sign up.
0 votes Thank Flag Link Thu Feb 20, 2014
Try going directly to Fannie and Freddie and ask them.


http://www.homepath.com/realestate.html#listingAgent
0 votes Thank Flag Link Thu Feb 20, 2014
I Resisted with then more than 6 months but did not get any listing . Does anybody knows that is there any way i can get listings.
0 votes Thank Flag Link Thu Feb 20, 2014
For Fannie Mae, you can go to homepath.com and register to become a listing agent.
1 vote Thank Flag Link Thu Feb 20, 2014
I've wondered that myself and would be very curious to find out the answer. I would imagine one would have to have experience buying a Freddie Mac or Fannie Mae as a buyer's agent before they could get future listings.
0 votes Thank Flag Link Thu Feb 20, 2014
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