I am trying to adjust my business to the current market. Because the amount of REO's coming on the market are projected to increase in the Phoenix area before they start declining, I am researching this niche.

I just attended a "Free REO Seminar" and within 15 minutes I felt like I signed up for an infomercial. The majority of the seminar was spent with the sponsor trying to get the attendees to enroll in a program costing around $100 a month over a 12 month period and they would provide coaching and a list with over 500 Risk Managements Companies.  So much for the "Free Seminar".

I just wanted some feedback from agents who are listing REO properties - it is necessary to pay fees in order to get into this market?  If so, is there a 'standard' cost.  Any suggestions or comments would be greatly appreciated.