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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