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Opinion: Brokers should consider a new model for post-Burnett world

Housing Wire

Amongst the most substantial terms of that agreement is a blanket ban on the requirement that agents subscribe to MLSs to offer or accept compensation for their work. But what about the case of the transaction in which a bank-owned or real estate-owned property (REO) is being sold? Dramatic change is what it means.

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How Do I Find an REO Buyer’s Agent Who Knows Bank-Owned Home Sales?

HomeLight

But then, it went into foreclosure and didn’t sell at auction, so now it’s listed as an REO, or real estate-owned property. Not so fast: You need an REO buyer’s agent. A “real estate owned,” or REO, home is one that’s owned by a bank. You need an agent who’s on top of the bank’s timeline.

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Land sales haven’t been this strong in a decade

Real Trends

Land sales saw their best year in nearly a decade in 2021, according to the 2021 Land Market Report from the Realtors Land Institute (RLI) and the National Association of Realtors (NAR) released on Tuesday. Year over year, land sales rose 6% in 2021, outperforming the pace of acquisitions of other commercial real estate types.

Land 108
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Definitions for Deal-Seeking Buyers: Short Sales, Foreclosures, and REO Homes

HomeLight

You may have heard that short sales, foreclosures, or bank-owned properties offer great opportunities for a steal , but what do these different terms mean, and how does the homebuying transaction work for each? What’s the difference between buying a short sale vs. a foreclosure, and where can the best deals be had?

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Government Websites, Real Estate Agents, A Drive around the Block, And More Ways to Find REO Homes in Your Area

HomeLight

Here’s a riddle for you: What do government websites, real estate agents, and a drive around the block have in common? Real estate owned, or REO, homes are a result of the foreclosure process , which varies from state to state. The bank will then work with a listing agent to list the home on the MLS.

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Buying Foreclosed Homes for Dummies in 11 Steps Even You (Yes, You!) Can Do

HomeLight

Generally, lenders will take much less than top dollar for a foreclosure, which is good news for anyone looking to score a deal on real estate. Real Estate Agent. Real Estate Agent at Compass RE Texas. Real-estate owned (REO) homes. Mary Stewart. Years of Experience.

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Best Foreclosure Websites to Find Homes

HomeLight

A Top Agent Can Help You Find A House You Can Afford We analyze millions of home sales to find buyer’s agents who will show you the right home at the right price. Agents don’t pay us to be listed, so you get the best match. The site is popular with real estate professionals and investors.