The Asset Manager will be responsible for the oversight and management of a portfolio of real estate owned (REO) properties, analyzing broker price opinions, appraisals, market data, agent feedback ...
The Asset Manager will be responsible for the oversight and management of a portfolio of real estate owned (REO) properties, analyzing broker price opinions, appraisals, market data, agent feedback ...
Real Estate Investment Sales Associate
Los Angeles, CA · On-site
$125K - $250K/yr
... REO's, sellers who need to sell fast)... and working with property sellers who just can't sell the traditional route through a real estate agent. A big passion of ours is helping to be a part of ...
Real Estate Investment Sales Associate
Los Angeles, CA · On-site
$125K - $250K/yr
... REO's, sellers who need to sell fast)... and working with property sellers who just can't sell the traditional route through a real estate agent. A big passion of ours is helping to be a part of ...
Real Estate Investment Sales Associate
$125K - $250K/yr
... REO's, sellers who need to sell fast)... and working with property sellers who just can't sell the traditional route through a real estate agent. A big passion of ours is helping to be a part of ...
Real Estate Investment Sales Associate
$125K - $250K/yr
... REO's, sellers who need to sell fast)... and working with property sellers who just can't sell the traditional route through a real estate agent. A big passion of ours is helping to be a part of ...
Reo Agent information
See California salary details
$33.9K is the 25th percentile. Wages below this are outliers.
$28.6K - $34.9K
30% of jobs
$34.9K - $41.3K
15% of jobs
The median wage is $42.5K / yr.
$41.3K - $47.6K
24% of jobs
$49.5K is the 75th percentile. Wages above this are outliers.
$47.6K - $53.9K
20% of jobs
$53.9K - $60.2K
8% of jobs
$60.2K - $66.6K
1% of jobs
$66.6K - $72.9K
0% of jobs
$72.9K - $79.2K
0% of jobs
$79.2K - $85.5K
0% of jobs
$85.5K - $91.9K
0% of jobs
$91.9K - $98.2K
2% of jobs
$28.6K
$47.3K
$98.2K
How much do reo agent jobs pay per year?
What is a REO agent?
A REO (Real Estate Owned) Agent specializes in managing and selling foreclosed properties owned by banks or lenders. Their responsibilities include assessing property values, coordinating repairs, marketing listings, and negotiating sales. They work closely with financial institutions, asset managers, and buyers to facilitate efficient property transactions. REO Agents also ensure compliance with legal and contractual obligations while maximizing returns for the property owner.
What are the key skills and qualifications needed to thrive as a REO agent?
To excel as an REO (Real Estate Owned) Agent, you should have a solid background in real estate sales, property valuation, and foreclosure processes, typically supported by a real estate license and experience in handling bank-owned properties. Familiarity with Multiple Listing Services (MLS), asset management platforms, and REO-specific software is usually required. Strong negotiation, organization, and communication skills help REO Agents manage multiple properties and coordinate with banks, buyers, and vendors. These abilities ensure efficient property sales, effective collaboration, and successful navigation of the unique challenges in REO transactions.
What are some common challenges faced by REO agents and how can they be managed?
REO Agents often deal with properties that require significant repairs or have complicated occupancy issues, which can delay marketing and sales efforts. Navigating strict deadlines and compliance requirements set by lenders and asset management companies can also be demanding. Proactively communicating with stakeholders, staying organized, and keeping up with industry best practices help manage these challenges effectively. Many REO Agents find that developing strong vendor relationships and maintaining detailed documentation are key to staying ahead in this fast-moving sector.
How do I become a REO agent?
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For Reo Agent jobs in California, the most frequently searched job titles are:
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The top searched job categories for Reo Agent jobs in California are:
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Cities in California with the most Reo Agent job openings:

Full-time
Medical, Retirement
Re-posted 22 days ago
Job description
Come join our amazing team and work remote from home!
The Asset Manager will be responsible for the oversight and management of a portfolio of real estate owned (REO) properties, analyzing broker price opinions, appraisals, market data, agent feedback, and related real estate information to determine listing prices; repairs needed; and sell properties. Performs all duties in accordance with the company's policies and procedures and all US state and federal laws and regulations wherein the company operates. The target pay range for this position is $60,000 to $70,000 + monthly incentive.
What you'll do:
- Manages foreclosed assets; maintains and lists REO properties; negotiates offers with buyer; and liquidates assets to maximize profits and reduce loss severity.
- Carries out management initiatives in accordance with the organization's policies and applicable laws using judgment and discretion including; training vendors, planning, assigning vendor work balance, monitoring vendor performance, addressing complaints, and resolving problems.
- Works with real estate agents, foreclosure department, accounts payable, title companies, attorneys, marketing coordinators, closers, eviction coordinators, and management and clients.
- Completes for review by management, an executive summary on high-risk assets as needed.
- Oversees the execution of Homeowner Association (HOA) assessments, delinquency matters, and code enforcement issues as they arise. Assures resolution of matter by the party responsible (e.g., property preservation, field services, and/or agent network tax monitoring, CFK, and evictions.)
- Performs other duties and special projects, as assigned.
What you'll need:
- High school diploma or equivalent work experience.
- One (1) to four (4) years of Asset Management or related experience.
- Independent judgment and decision-making ability are required.
- Requires self-motivation and ability to work without direct oversight from Manager.
- Ability to understand opposing points of view on highly complex issues and to negotiate and integrate different viewpoints.
- Ability to interact with Senior Management as an advisor on projects, and to act as the company's principal spokesperson in area of expertise.
- Ability to apply common sense in performing job.
- Ability to make decisions that have moderate to significant impact on the immediate work unit.
- Ability to make decisions that have significant impact on the department's credibility, operations, and services.
- Knowledge of relevant industry-specific software packages at an intermediate or advanced level
- Advanced negotiation skills and independent critical thinking are required.
- Ability to organize thoughts and ideas into understandable terminology.
- Ability to organize and prioritize own work schedule on short and long-term basis.
- Excellent organizational and time management skills.
- Excellent communication skills.
- Excellent analytical and problem-solving skills.
- Excellent client service skills.
- Intermediate knowledge of Microsoft Office suite of Applications (Word, Excel, Outlook, Etc.).
What We Offer:
- Comprehensive healthcare plans for you and your family. Plus, a discretionary 401(k) match of 50% of the first 4% of pay contributed.
- Access to several fitness, restaurant, retail (and more!) discounts through our employee portal.
- Customized training programs to help you advance your career.
- Employee referral bonuses so you'll get paid to help Carrington and Vylla grow.
- Educational Reimbursement.
- Carrington Charitable Foundation contributes to the community through causes that reflect the interests of Carrington Associates. For more information about Carrington Charitable Foundation, and the organizations and programs, it supports through specific fundraising efforts, please visit: carringtoncf.org.
Notice to all applicants: Carrington does not do interviews or make offers via text or chat.