REO Sales & Marketing Timeline As a agent you are acting as a representative of our company. Agent performance will be closely monitored for professionalism, ethical practices and adherence to expected REO property management and disposition time-frames. Agent selection is based upon performance and cooperation in working with affiliates. Please refer to the referral email from your Asset Management (AM) Team to verify services that are approved to be performed on each property the timeline below is a basic scenario/example – of the timeline for services and the process and authorization of work may vary by client “typical” and is subject to change. Please work to exceed the timeline expectations below so that the AM team can meet or exceed their own timelines, and Meridian can meet or exceed their client’s expectations. Agent Task Timeline Referral Acceptance Day 1 Occupancy status confirmation (must be complete in 24 hrs Day 1 regardless of weekends/holidays) Personal Property Evaluation (must include photos) Day 3 at property (once vacant) Day 3 “Coming Soon” sign up Lockbox (rekey to 76763, code of MAS or 7924) Day 3 Utilities On in Name Day 5 Agent’s Initial Premarketing Forms (sent by AS) returned to MAS Day 5 BPO (Ext. if occupied, Int. if vacant) Day 5 Trashout (if ordered/authorized by AM Team) Day 7 Initial Services as requested by your AM Team complete Day 10 Day 10 Repair Bids, if requested by AM Team MLS Copy, Signed Listing Agreement, Marketing Photo and Day 21* Description (*upon receipt of approved listing terms from AM Team) Weekly Inspections (See email from AS for requirements) Every Week Status Report on Marketing and Pricing Every Two Weeks to Initial BPO Every 60 Days Interior BPO’s subsequent
REO Sales & Marketing Timeline As a agent you are acting as a representative of our company. Agent performance will be closely monitored for professionalism, ethical practices and adherence to expected REO property management and disposition time-frames. Agent selection is based upon performance and cooperation in working with affiliates. Please refer to the referral email from your Asset Management (AM) Team to verify services that are approved to be performed on each property – the timeline below is a basic scenario/example of the “typical” timeline for services and the process and authorization of work may vary by client and is subject to change. Please work to exceed the timeline expectations below so that the AM team can meet or exceed their own timelines, and Meridian can meet or exceed their client’s expectations. Agent Task Timeline Referral Acceptance Day 1 Occupancy status confirmation (must be complete in 24 hrs regardless of weekends/holidays) Day 1 Personal Property Evaluation (must include photos) Day 3 “Coming Soon” sign up at property (once vacant) Day 3 Lockbox (rekey to 76763, code of MAS or 7924) Day 3 Utilities On in Agent’s Name Day 5 Initial Premarketing Forms (sent by AS) returned to MAS Day 5 BPO (Ext. if occupied, Int. if vacant) Day 5 Trashout (if ordered/authorized by AM Team) Day 7 Initial Services as requested by your AM Team complete Day 10 Repair Bids, if requested by AM Team Day 10 MLS Copy, Signed Listing Agreement, Marketing Photo and Description (*upon receipt of approved listing terms from AM Team) Day 21* Weekly Inspections (See email from AS for requirements) Every Week Status Report on Marketing and Pricing Every Two Weeks Interior BPO’s subsequent to Initial BPO Every 60 Days
300.Broker%20Procedure%20Manual.docx