Effective Date: August 25, 2015
Acquired-REO Asset Management along with the Acquired-REO Asset Management mobile site and mobile and tablet applications are intended as certification platforms offered to PRC (Philippine Regulatory Commission) licensed real estate brokers, sales people, consultants, appraisers and service vendors free of charge. This Agreement describes the terms and conditions applicable to the services available through this Site.
What information we collect?
We collect information from you when you register on our site or fill out a form.
What do we use your information for?
• To personalize your experience
Your information helps us to improve your individual needs.
• To improve our website
We continually strive to improve our website offerings based on information or feedback we receive from you.
• To improve member or user services
Your information helps us to more effectively respond to your requests and support needs.
• To process registrations
Your information, whether public or private, will not be sold, exchanged, transferred, or given to any other company for any reason whatsoever, without your consent.
• To send periodic emails
The email address you provide for registration may be used to send you information and updates pertaining to your user account, in addition to receiving occasional company news, updates, related product or service information, etc. Note: If at any time you would like to unsubscribe from receiving future emails, we include detailed unsubscribe instructions at the bottom of each email.
• To administer a contest, promotion, survey or other site feature.
How do we protect your information?
We implement a variety of security measures to maintain the safety of your personal information when you access your personal information.
Do we disclose any information to third parties?
We do not sell, trade, or otherwise transfer to outside parties your personally identifiable information. This does not include trusted third parties who assist us in operating our website, conducting our business, or servicing you, so long as these parties agree to keep this information confidential.
This policy was last modified on 04/28/2015
What is AcquiredREO.com?
Acquired R.E.O. is a Philippine technology company (Philippine SEC: Dataflo MLS, Inc.) which produces real estate industry related productivity products utilized by brokerage, property management and financial institution organizations. Products include: MLS multiple listing systems, accredited educational platforms, contract and form libraries, acquired asset foreclosure management, property valuation data management, property inspection and property maintenance services.
Acquired REO represents banks and financial institutions as the central property listing manager for bank owned (foreclosed) acquired asset properties. Acquired REO assigns the acquired asset property listings to licensed real estate brokers who are certified as Acquired REO acquired asset brokers.
Why does Acquired REO offer free real estate broker and salesperson education opportunities?
Simply put, we created the data management software systems used by our acquired asset bank clients, so who would be the best teacher for the acquired asset broker certification? Of course us!
What kind of income can I anticipate as a certified acquired asset broker?
Certified Acquired Asset Brokers who have successfully completed the required course of study will typically earn 5%-6% sales commission for a direct buyer sale or 2.5%-3% sales commission in the case of a sale associated with a cooperating broker representing the buyer. Either way, the acquired asset listing broker always earns a commission in the event of a closed sale.
Are there any hidden costs that apply in education or practicing as an acquired asset broker?
Other than customary business costs related to practicing as a real estate broker (Office, telephone, internet, MLS, transportation, etc.) there are no hidden costs. In fact, Acquired REO even supplies free website exposure for your listings directing all buyer inquiries to you.
Will I have to resign from the agency that I am currently employed?
No. All remains the same. Acquired REO.com is not acting as the broker.
How much study time is required in order to become a certified acquired asset broker?
All courses are online and available anytime. Most brokers study the material and complete the online testing over just a few weeks. Some in less than a week. This depends on your schedule.
If I sell acquired asset properties, will I need to pay Acquired REO a brokerage fee?
No. Acquired REO is compensated separately from broker sales transactions.
Once certified as an Acquired Asset broker, when can I expect to start receiving acquired asset property listings?
Acquired asset property listings are assigned as available.
What other broker income opportunities are available through Acquired REO?
Many brokers earn additional monthly income performing BPO Broker Price Opinion studies on behalf of our clients. These are monthly market condition and property price adjustment recommendations supplied by acquired asset brokers within their area of operations.
Other opportunities for property management, inspection and maintenance are available. These are explained in the acquired asset broker training courses.
What documentation will I need to provide to Acquired REO in order to receive my official certification?
In order to receive your Acquired Asset Broker Certification, brokers must present a photocopy of their real estate broker license and driver’s license in addition to illustrating a passing score on the course examinations. All submissions are made online through the Acquired REO website. Once received and verified by the Acquired REO education department, a certified Acquired Asset Broker Certificate will be mailed to your address.
How can I contact Acquired REO should I have additional questions?
Use the “CONTACT US” page if you have any question.
Email us at: firstname.lastname@example.org
Call or text: 0906 460 3589