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What is the role of a REO real estate broker?

+95 votes

asked Feb 1, 2023 by Willie Docherty (4.3k points)

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+97 votes

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It is a group of real estate agents that specialize in selling property that is owned by a lending institution. REO means Real Estate Owned.

answered Feb 2, 2023 by Stephen Fuller (4.4k points)
selected Feb 6, 2023 by Willie Docherty

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Real Estate Owned. It's the term the banks use to identify their foreclosure properties.

answered Feb 2, 2023 by David Fenlon (4.2k points)

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