Working with HomeSteps®
How do I become a HomeSteps/Freddie Mac listing agent?
HomeSteps establishes relationships with the broker/owner of the company, not individual real estate agents. If you are a broker/owner, please review the requirements on becoming a listing broker below. If you are a listing agent, please contact your broker/owner to discuss opportunities.
We have very little turnover among our listing brokers and we are very selective so please be patient. It may be years before a new listing broker in your area is needed.
What are the HomeSteps requirements for becoming a listing broker?
HomeSteps has very exclusive requirements for becoming a listing broker. Some of our general requirements include:
- Active real estate broker license
- Minimum of $500,000 E&O insurance coverage
- Active member in good standing with MLS board(s) within the primary market area
- Financial capability to support ongoing expenses incurred while marketing properties
In addition, the following criteria would be beneficial:
- Past and current experience with corporate sellers
- Participates in mentorship with a current REO Listing Broker
- Actively continues REO Education and/or Certifications
What are the requirements of a HomeSteps listing broker?
HomeSteps listing brokers are required to be licensed and in good standing in each state where the Brokerage accepts property listings from HomeSteps and meets all of the qualifications and requirements provided by HomeSteps. They must also stay abreast of local market conditions, regulatory requirements (such as disclosures) and trends in the industry.
Given the fact that new listing brokers are added on an as needed basis, what can I do to stand out?
Make sure you are registered on *HomeBaseSM and are consistently selling HomeSteps homes to your buyers.
Can properties be purchased directly from HomeSteps/Freddie Mac?
No. All purchase offers must be presented to a HomeSteps listing broker.
Can I remain the listing agent if I had the property listed prior to the foreclosure sale?
HomeSteps homes are automatically assigned to an active HomeSteps listing broker upon completion of the foreclosure sale; therefore, we cannot guarantee re-listing with the previous listing agent.
*Please note that joining and/or becoming a member of the HomeBase Membership Network does not indicate that you are now a HomeSteps Listing Broker and does not guarantee that you will be chosen in the future to become a HomeSteps Listing Broker.
However, HomeBase is a sourcing tool utilized by our Supplier Services team when the need arises in specific areas to add new brokers to our network. Therefore, we encourage you to stay active in your new HomeBase account.
HomeSteps is currently sourcing nationwide
Brokers and Agents
Check our up-to-date list to find out if HomeSteps is sourcing for brokers in your area. If you are a Broker or Agent in one of the current sourcing areas, please send your REO resume to: supplier_services@
freddiemac.com and include the state and county you work in. Thank you for your interest in working with HomeSteps!
Please Note
HomeSteps only adds to its network of suppliers when there is a business need. Requests for information do not imply or guarantee that you will be chosen to become a HomeSteps supplier/vendor.
Join Our Free HomeSteps HomeBaseSM Membership Network
Sign up to get our current local listings emailed directly to you on a weekly basis or as they become available in your area.
