The biggest question today, or at least it should be in any motivated agents mind, is “How To List REO Properties.”

How to List REO Properties is no longer the Lockness Monster of Real Estate.  Now Agents have help, direction, Guidance, and Training available to get set up. 

The Niche REO market can create a substantial income for any Real Estate Agent / Realtor.  Banks in each city have 100’s and 1000’s of listings that they need marketed by agents who know how to complete the process.  The issue is that most agents do not know where to start, who to contact, or how to get involved.

Some agents have tried to get into the REO, Shortsale, and Foreclosure markets by themself, but they did not follow the proper channels or go through the proper steps in order to be set up and were declined.  It is a very time consuming process only to get declined and never be able to contact that bank or servicing company again in the future.

There are certifications and designations now available for Agents to help distinguish themself from other agents who do not understand the entire REO and Short Sale Process that banks, servicing companies, and title companies must follow.  The latest designation is the CFS Designation.  “Certified Foreclosure Specialist”

This is a very easy at home course that any agent can take.  This course once completed will allow the agent to be input into the database that servicing companies, banks, and title companies search through in order to find local agents in the area to list REO homes.

On top of Getting a bulk amount of listings each month the agent can also complete BPO orders.  BPO Orders require special forms and guidelines.  All these are included and taught to the agents who follow the certification program.

Look at what a few BPO Orders can do to a Agents Income:

***The typical exterior drive-by BPO pays $45-$85
***The typical interior BPO pays $55-$150

Run your own scenario: for example, lets assume you earn $50 for exterior BPO’s and $100 for interior BPO’s…

3 orders a day: that is $50 X 3 = $150/day
Only work 5 days a week, that is $750/week!
TOTAL: $750/WEEK X 4 WEEKS = $3000/MONTH in income!!

It is up to you how many BPO’s you would like to complete, but this does generate a nice bit of extra income for any agent.

The top program for agents who are interested in How to List REO Properties now offers two programs.  Full program details can be http://www.TheAmazingSource.com/realtor

There is a huge demand in almost every city across the USA.  Why agents wait to generate business is unknown.  The average REO Listing Agent in 2007 Earned an extra $171,000 in commissions.  This number is expected to double in 2008 and tripple for those who really go after this niche due to the increasing amount of foreclosures.

Best of Luck to All REO Listing Agents in 2008 and beyond…