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Listing Agent Requirements
Real estate agents and/or brokers interested in being considered to manage
and list SunTrust Mortgage, Inc. managed properties are required to submit
a broker package. The broker package must be complete and we must need
additional agents in your area for you to be considered. The real estate
broker package must contain the following:
Resume of experience managing REO assets
Complete and signed W-9 form
List of towns and zip codes managed (in Excel format)
Copy of the agents current real estate license
Copy of the agents current E&O insurance
Minimum of three (3) references from clients for whom the agent has
managed REO assets in the past, or is currently managing.
For real estate agents to be considered as listing agents, they must have
the experience, qualifications and ability to provide the required services
outlined in the subtopics that follow.
Experience and Qualifications:
Active RESNet user
Active New Invoice user
Member in good standing of NRBA and/or REOMAC
Active Real Estate License and MLS Membership within market or territory
Five (5) or more years of REO experience; CREO designation preferred
Affiliation with a Broker office that offers corporate services and local
Real Estate Board affiliation, community recognition, and a full support
staff
Thorough knowledge of contract language, local regulations, customs and
disclosure requirements
Understanding of landlord/tenant issues and local eviction laws
Ability to manage properties through the eviction process and work with
law firms and local Sheriff to organize eviction move-outs for SunTrust
managed properties
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Required Services:
Maintain monthly billings (accounts receivable) cash-flow of at least
$2,000 per month per property assigned
Secure and provide general maintenance service for vacant properties, and
respond promptly to emergency issues
Mange properties through the eviction process and work with law firms and
local Sheriff to organize an eviction move-out
Provide property management services for occupied properties
Have Internet capabilities and an active email address
Have the capability to electronically submit required forms, periodic
reports, etc.
Obtain bids and coordinate work with licensed, bonded, service personnel
such as locksmiths, roofers, plumbers, haulers, clean-up contractors, landscapers
and pool service personnel
Attend court proceedings when necessary
General requirements:
An enthusiastic and creative approach to marketing, managing and selling
all types of properties with all types of condition issues
Excel at resolving problems with a positive approach, working with people
in a proactive, independent manner
Willingness to respond to all prospective purchasers and/or their agent
(calls and e-mails) within 24 hours of contact
Exceptional negotiation skills and experience
Knowledge of current market conditions and trends, and successful sales
and closing record
Flexibility and attention to details
For further consideration please forward a completed real estate broker
package to: REO.Realtor@SunTrust.com |