December 4th-6th:
Omni Hotel Dallas
Dallas, TX
REO Certification
BPO Certification
Short Sale Certification
To register, contact the concierge:
Concierge@FiveStarInstitute.com
214.525.6766
The Five Star Instituteís offers the following courses. For more information on the courses, please read the course descriptions below:
There's a growing world of REO properties that need to be managed by knowledgeable and motivated real estate professionals. Learn the steps to building a successful business in REO as you develop these vital best practices. Whether you are new to REO or a veteran of the industry, this course will help you focus on the fundamentals: fundamentals that will add to your success!
This course guides you through the maze of default loan servicing activitiesóloans and foreclosures, bankruptcy, loss mitigation and home retention strategies, advantages of short sales, and the role of the REO manager. You are off and running with time-proven practices that best prepare you to be a highly successful default servicing professional.
You know that determining the Broker Price Opinion is critical in establishing a defaulted propertyís market value, but how do you arrive at a figure? We show you how to compute the BPO quickly and accurately by analyzing influencing factors such as property type, comparable sales numbers, and repair costs.
The follow-up to Providing Broker Price Opinions, Surviving BPOs will provide practical and proven strategies for dealing with the specific valuation challenges BPO providers face every day. This course will provide practical solutions to industry-wide problems while showing you how to see the BPOs as the client sees it and how to sell the validity of your opinions. You'll also learn the market as you elevate your career through detailed knowledge and expertise.
Most real estate professionals understand the art of marketing themselves to build name recognition, but how effectively do they market REO properties? This course shows you how to build effective marketing plans by using sound knowledge of local markets, introduces you to new and more technologically based marketing options, teaches you how to write effective property ads, and more!
A property's appearance and appeal is key to getting it sold. Thatís where property preservation and maintenance come in. We teach you, the propertyís caretaker, what you need to know about codes, eviction lockouts, and pre-foreclosure inspections. If repairs are needed, you will learn how to use repair margin formulas and recognize when itís best to rehabilitate a property.
Everyone knows about TARP, but few fully understand it. This course puts you a step ahead of the competition by not only giving you an understanding of the program, but more importantly, insight into its implications for our business. This course does not count towards the Five Star Professional designation. RES.NET Agent Certification (Buy Course $95)
The table is set for some highly successful careers in REO, and yours can be one of them. Join us as we step back and take an overall look at what makes for success in the REO listing and selling world. You will see what the success patterns are and you will learn the art of negotiation, the importance of advertising, and the best approaches to interfacing with lenders, outsourcers, and government-sponsored enterprises.
Once you've mastered the ins and outs of REO, take the next step with our unmatched insider knowledge and the market secrets you won't find anywhere else. With this advanced REO course, you'll learn to discern between offers, how to understand lenders, outsourcers, and GSEs, and the best ways to market and advertise, all along the way to becoming indispensable to your broker. Prerequisite: Building a Career in REO 101.