As soon as the lenders, vendors, and GSE's started releasing REO product again a new crop of money grabbing theives starts soliciting hungry REALTORS. Let's put this to bed once and for all. Keep your credit card in your pocket!
It's good money if you can make it. Think about it this way, there are over 1 Million REALTORS in the US. If only 1000 pay to play $395.00 the company that just solicited you made $395,000 and delivered you a cool listing on their web site to no where or gave you a 1 hour Webinar on how to break into the REO business that is the same old nonsense that usually requires "Platinum Upgrade" for an addtional cost, sold you an exclusive zip code (that they sold to everyone else in the zip code) or worse sold you a list that you have no idea what to do with that is so old that half of the links don't even work any longer.
You DO NOT need to be Certified to sell REO's. There is NO one certification that will gurarantee you listings. Sure you need training and on Certification on your resume does look good but get one that includes some training. You DO NOT need to join anyones web site for $395.00 to get REO listings or exposure. You DON'T even need to attend multiple REO Conferences unless you like the venue for a vacation spot and want to meet and greet with other REO wannabes. My last two in Las Vegas and Fort Worth were a total waste of time and money. Pick the right Conference and attend because you like their programs, need some additonal training, or just need to get away, but do not kid yourself that you will meet Asset Manager that can give you listings. The decision makers do not attend these conferences. The old trainer joke about meeting them at the BAR after hours is total bunk. Not saying don't go - just saying don't go with unrealistic expectations.
There is REO business out there you just need to prospect. Yup no secret crash diet loose 30 lbs a day prospecting short cuts here. Just like dieting this is a long and tedious process and you must do it daily for it to work. Happy Hunting.
