How does a realtor get a "bank owned" listing in southern california?

Posted by admin on February 4th, 2011 and filed under realtor | 2 Comments »

If a bank seizes a house and gives a title of bank owned, how does it get assigned to a realtor?
Does has to ask the bank to get the listing or bank picks a realtor or?

I am guessing you are a RE agent. And you seek listings. Waste of time. If I am correct
re your query. I suggest you become a buyer’s agent and never ever do dual agency.

I can guide you

tons of buyers if you look in the "right places."

2 Responses

  1. TRIXIE T4 Says:

    the banks have REO departments.. Real Estate Owned..

    these departments have contracts/agreements with local Real Estate Companies, as well as Escrow (closing) Companies..

    you need to be on that rotation list..

    **they will hammer your fees..
    References :

  2. kemperk Says:

    I am guessing you are a RE agent. And you seek listings. Waste of time. If I am correct
    re your query. I suggest you become a buyer’s agent and never ever do dual agency.

    I can guide you

    tons of buyers if you look in the "right places."
    References :
    RE broker, no longer in LA

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