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REO Simplified

REO Simplified

STATE:
CREDIT HRS:
COURSE TYPE:

Course Credit Hrs.
REO Simplified 3.00
3 Elective Hours
Description
Outline
Instructor
Reviews
  • The mystery of what REO brokers do is covered step by step, so by the end of the course you will leave with a clear understanding of what to do should you choose to work in the REO arena.  You will also learn to identify and avoid the mistakes, pitfalls, and obstacles that agents and brokers have encountered when listing and selling REO properties.
    3 Elective Hours
  • The mystery of what REO brokers do is covered step by step, so by the end of the course you will leave with a clear understanding of what to do should you choose to work in the REO arena.  You will also learn to identify and avoid the mistakes, pitfalls, and obstacles that agents and brokers have encountered when listing and selling REO properties.

    Section 1 – Introduction to REOs
    Chapter 1 - What is a REO Property?
    Chapter 2 - Who can perform REOs?
    Chapter 3 - What is an Outsourcer?

    Section 2 – The Basics of REOs
    Chapter 1 - Get it done on time and Keep it Accurate
    Chapter 2 - The challenges of Becoming a REO broker
    Chapter 3 - How to work with Asset Managers?

    Section 3 - The REO Asset Management Process 
    Chapter 1 - Initial assignment through securing of property
    Chapter 2 - Property preservation and maintenance 
    Chapter 3 - Role of the Property Preservation Company 

    Section 4 – Handling Unique Issues with REO Asset Management
    Chapter 1 - Code Violations
    Chapter 2 - Vacant Property registration; city, county, and state laws and ordinances
    Chapter 3 - The BPO and how to value REO assets
    Chapter 4 - How to handle Home Owner Association (HOA) rules, regulations and payments
    Chapter 5 - Utilities
    Chapter 6 - How to submit invoices for reimbursement
    Chapter 7 - Maintaining Properties

    Section 5 – Listing, Sale, and Management of REOs
    Chapter 1 - The REO Listing Agreement
    Chapter 2 - Marketing Strategies – “As-Is” sale
    Chapter 3 - How to Process REO Offers and An offer has been accepted, now what?
    Chapter 4 - Managing properties under contract all the way through closing and Monthly Marketing Reports
    Chapter 5 - Understanding Risk Management and Liability
    Chapter 6 - How REO Brokers are evaluated and scored
  • Subject Matter Expert:
    James Browning


    James Browning is a national instructor/speaker for several organizations and has designed and developed five courses related to the valuation and disposition of both commercial and residential properties, and how to value distressed assets in today’s market. He has a Master’s Degree in Real Estate and holds numerous designations.

    James was a former commercial director for a national real estate company for 17 years during his 24 year real estate career. In 2009, James established the REO Institute of Colorado to provide BPO and REO training to real estate professionals. You will find James has an excellent understanding of today’s real estate market, along with thorough knowledge of both the commercial and residential sectors.

    Instructor: Jim Luger
    Jim Luger has been a broker and instructor for over 30 years. He is a member of the Real Estate Educators Association, and is certified as an online instructor by the International Distance Education Certification Center (IDECC). You can contact Jim at Jim@ContinuingEdExpress.com.

Requirements


Continuing Education Requirements
Licensees are required to complete 20 hours of approved continuing education courses for each two-year license period (January 1 of odd-numbered years through December 31 of even-numbered years), also referred to as the licensing biennium.
 
Licensees intending to renew their license on an active status by the renewal deadline of November 30 (even-numbered years) must complete 20 hours of approved continuing education courses during the biennium. The required continuing education hours include eight (8) hours for the commission designated core course, which may be offered in a two-part format or as an eight (8) hour core course, and twelve (12) hours of elective credit hours. Visit the Hawaii Real Estate Commission website for more information about continuing education requirements.


Continuing Ed Express automatically submits course completion information to the Department of Commerce and Consumer Affairs. Licensees will receive certificates marked “elective” for elective courses and “core” for core courses after they complete each course.
 
BEFORE you purchase a course, check your continuing education history on the Hawaii Online Real Estate Continuing Education website so you do not retake a CE course you have already completed. No CE credit for a course for which you have already received credit is given.


Need to get your real estate license? See HI Pre-License Courses.


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