RealtyBid - Additional Terms for REO
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Program Overview

RealtyBid.com’s online bidding program is designed to keep you, the real estate professional, at the center of the real estate transaction. We are here to assist you with selling properties faster and more efficiently through a transparent and fair bidding process. We are also here to help you earn commissions while bringing value to your customers by allowing them to purchase great real estate deals in your area.

If you are a Registered Agent on RealtyBid.com, you have two main opportunities. You can:

1. Sell properties

Once you login to your RealtyBid.com Agent Account, you will see a menu of selling options such as Add a Property, Modify a Property and Re-Offer a Property. These menu items will allow you to manage any listings on the site that you are trying to sell through online bidding. For a detailed overview of the Agent Direct (Selling) Program that includes "FAQ" and "Who Pays What", click here.

2. Bid on properties

As a registered agent on RealtyBid.com, you will be able to add your customers into your Agent Account and place bids for them or bid for yourself. The system will manage these customers for you so there is no confusion as to who you are bidding for and the amounts bid. The customer management feature has helped increase the number of agent bids placed on this site from under 10% in 2004 to over 60% today.

REO Agents:

NOTE: If you are an REO agent, and your property has been posted on RealtyBid.com by a financial institution or asset manager, you will need to verify the property information sent to us by the Seller. To verify a property, you will need to login to your Agent Account with the information supplied to you via email. Once at your Agent Account, go to the Verify a Property link. Please use the login information supplied to you via email. Do not set up a separate account or your properties will not be accessible.

RealtyBid.com truly values the hard work of each and every real estate professional in this country. We hope that you will view us as a resource and a tool to make selling or acquiring real estate a simple, easy and transparent process.