You are currently browsing comments. If you would like to return to the full story, you can read the full entry here: “How do I qualify to do real estate listings on foreclosures?”.
-
Archives
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
-
Resources
-
Meta
Your broker is the one that needs to set up that contract. You do not have the authority to do so. They will not talk to an agent, it has to be with someone whoever is liable for the contract (which is your broker).
You need your broker to get them to agree to do business with your office and you. Just a a heads up, you need to have a lot of capital on hand to do these. In my area it is the agents responsibility to pay to have it boarded up, winterized, cleaned out etc. On average you will be laying out 3-4k on each one. They will reimburse you for your cost when you sell, or it expires. You how ever need to pay all these upfront. So imagine you get 10 listings…great, but do you have the 35k to lay out to get them? I know agents in my area who literally have 400k tied up in foreclosures. Now they have hundreds of listings and can afford it, but if you are struggling looking for a new avenue of business I would look elsewhere. One of the reasons they do this is they want the top agents, not the new ones, or lazy ones. If you can afford to carry the inventory they assume you are a top producer.