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The question states REO. Not sure how that would be possible listing under what the AM requests. The listing agent on the REO can only list for what the AM tells them to. Like Jeff stated REO listing agents are contracted in the listing agreement what to list it at. We as REO listing agents must provide copies of the MLS sheets showing the listing and all the information entered. If it is low it is because the AM is listing it low to get multi offers. Frustrating for those who have clients who get all excited to think they can get such a wonderful property for such a price. Only to be out bid. Good business for the AM per they get offers right away for the end price they were looking for or better.
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