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#109453 - 03/18/06 08:28 AM
Re: BPO's
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California Real Estate Broker
Veteran Member
Registered: 06/15/03
Posts: 1225
Loc: Morgan Hill, CA, USA
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If you really feel the need to clear this issue up in your broker mind, try calling a real estate attorney in your state.
You can call the association of realtors in your state, they usually have a "Legal Hotline" kind of thing.
Your broker really sounds kind of... well... difficult.
I got paid for all kinds of stuff through my broker - not just the conventional commission scenario. I almost never got a "no" from my broker, just a "I'll look into it" which he would in a fairly timely way and let me know if it was doable or not.
R
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#109456 - 03/20/06 05:17 AM
Re: BPO's
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Veteran Member
Registered: 09/19/04
Posts: 696
Loc: Montgomery County, MD/DC Metro...
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If leaving is not an option, then DON'T COMPLAIN! You are either in or you are out! If you are staying in, then you have to fully embrace the rules and go along with the program! You can try to influence change by making positive suggestions and setting an example by doing things better, but NEVER COMPLAIN to them, to us or to yourself! It's like a BAD MARRIAGE. You either leave, or shut up and get with the program!!
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#109457 - 03/20/06 08:48 AM
Re: BPO's
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Major Contributor
Registered: 04/21/05
Posts: 1879
Loc: kentucky
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There are several brokers in my area that don't want their agents to do BPO's, even though it does in many times lead to listings. Some brokers think they are "above" such things; and that REO work is beneath them. I work with them because I like to, it is good money; and our office does a lot of REO work. If you want to do this type of work, you may want to go to a broker who is receptive to this type of business.
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Comments made are my opinion, and not intended to be legal advice of any kind.
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#109458 - 03/20/06 11:12 AM
Re: BPO's
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Member
Registered: 03/20/06
Posts: 10
Loc: TEXAS
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It is not the BPO part that is the problem it is acceptance of $$$ outside your brokerage. It is standard practice that any and all monies are collected by the broker then paid to the agent. You can make arrangements to have them apply your BPO income to company fees or possibly they can pay you quarterly as some brokers see it as a problem to cut you a $40.00 Check 3 times a week.
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Mickie Blackmon Blackmon Realty Foreclosure Specialist Mickie@BlackmonRealty.com
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Registered: 06/30/09
Posts: 2255
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