I focus on selling REO listings and HUD houses. I also offer an REO starter set to help representatives discover how to sell REO listings and how to get REO listings from banks, asset management business, and hedge funds. REOs are homes that have actually been foreclosed on, and the bank seized that home (what is a fair commission for a real estate agent).The REO representative has many responsibilities given that the owner of the house is normally in another state and will never see the house. REOs can be a great income source due to the constant stream of listings that pertain to a successful REO agent. Brief sales are homes owned by property owners, but the house owner can not offer the home for enough money to settle what is owed on the home.