Well, this is a little different in that these have already been purchased from the bank/securities by some investment/venture capatalist enterprise that bought them in bulk for costco like deals, so they are hoping to make a profit by dealing in bulk.

This realtor may very well be effectively playing the role of the employee unloading them (i.e., this IS dealing with the investment firm, not a middle man). The pocket listings of course reward these agents by being on both ends of the deal. I may be horribly mangling this setup of course, since this is all new to me as of a couple hours ago 🙂