REO Marketing

Asked by Liz Streed, Realtor, Fields, OR Tue Dec 30, 2008

I've doing much research on the REO market and status in my area. It was recently shared with me that Nat'l. REO Brokers Assn. has a shoe-in with the various lenders. The initial cost is $2,000 plus a maintenance fee of $165 monthly. The Broker must join and must also provide copies of their E&O policy as well maintain an escrow account and have a property management account. The joining member must also be approved by a current member.

Has anybody ever heard of this before? Does is it sound realistic? Opportunistic? Does anyone know if it's valid?

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