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RC_LA_DA_304.3 REO Pre-Marketing
Member Price: $49.00
Nonmember Price: $79.00
Product Code: DL2-011039-WC-W
Quantity:
Delivery Options: N/A







Description of Product
Description:

This is a single-family/residential course.

Assessing a property’s value is a critical task, as all future strategy decisions will be driven by the current value of the asset. For this purpose, REO managers rely on the two professionals best suited to evaluate a new property: the appraiser and the real estate agent. The fact that the appraisal costs $500-$700 does not necessarily mean that the appraiser's opinion of the property's value is any more accurate than the broker price opinion of value provided by the real estate agent. Both play a role in determining property value, and each should be used to validate the other's opinion. Once the market value is determined, lenders must establish a strategic price for the property. To establish a realistic price, the anticipated cost of repairs and maintenance must be incorporated into the minimum required return on sale when establishing the list price for the property.

REO Pre-Marketing takes a look at the steps taken prior to the marketing of REO assets. The focus of this phase is the assessment of the REO property’s value and condition.

The course begins with a look at pre-marketing and marketing roles. Next, it looks at the roles played by third-party service providers and real estate agents. It then reviews property preservation guidelines and tasks. Toward the end of the course, valuation methods are described. Finally, the course reviews performance management and reporting.

Topics:

  • Pre-Marketing and Marketing Roles
  • Third-Party Service Providers
  • Role of the Real Estate Agent
  • Property Preservation
  • Valuation
  • REO Performance Management and Reporting

    Seat time approximately one (1) hour.

    Copyright 2018.

     
  •  
    Product Category:
    Self-Study Web-Based Courses 
     
    Notes:
    This is a self-paced, self-study course. Enroll anytime and take up to 12 months to complete the course. 
     
    Contact Info:

    For registration information, call (800) 793-6222 or email education@mba.org.

     
     
    Contact E-mail:
    education@mba.org 
     
    Product:
    DL2-011039-WC-W 
     
    Title:
    RC_LA_DA_304.3 REO Pre-Marketing 
     
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