I specialize in offering REO listings and HUD houses. I also use an REO starter set to help representatives discover how to sell REO listings and how to get REO listings from banks, property management business, and hedge funds. REOs are homes that have been foreclosed on, and the bank seized that house (how long does it take to become a real estate agent in texas).The REO agent has numerous responsibilities since the owner of the home is normally in another state and will never ever see the home. REOs can be a terrific source of income due to the stable stream of listings that come to an effective REO agent. Brief sales are houses owned by homeowners, however the homeowner can not offer the house for enough money to settle what is owed on the house.