I just received an e-mail from IndyMac indicating they want existing and new agents to take three courses with Default School. Here's an excerpt.

"Dear Indymac REO Agents and Brokers,



On August 11, Indymac is introducing a mandatory formal education initiative for new and existing network REO brokers and agents.



This initiative includes a curriculum of multiple training courses.

1. The first course is REO Best Practices. This course provides an in-depth overview of how to manage an REO property.

2. The second course is Advanced Evaluations. Advanced Evaluations provides substantial video training that will increase your understanding of property valuations.

3. The final course is Indymac REO Policies and Procedures. This course offers a vehicle for Indymac to detail our unique REO processes and business practices.



We hired Default School to provide our online training. We believe this training will improve our service levels, reduce expenses and timeframes, and enhance our relationship with you. Indymac considers completion of this training as a differentiating factor in our broker and agent selection process"

------

Note: This is going to cost agents $897.

seasaw, where did you find the price? I was just approved at Indymac last week, and haven't handled an REO yet, although I was offered one that I referred to another broker who was closer. I haven't paid money yet to get BPOs or REOs. Wonder if it will be worth the cost????

I found this information when searching for training courses they conduct in my state.

Here's the breakdown

REO Best Practices - $249
Advanced Evaluations - $249
Indymac REO Policies and Procedures - $399
-----------------
I haven't even been approved by IndyMac yet. My application is still pending and I received the e-mail.

Seesaw - same here, my application is pending too and received the email. My question is, are they the same classes WF requires and if so, once one takes them will that improve one's chances of getting approved by WF too? It would be a little more worthwhile if they are applicable to more than one company, $897 is a lot to cough up.

Got it. Not payin it. .

Gotta pay to play!

I love how they say "we hired Default School" when WE are the ones paying for the classes.

How do you check your application status? I got the email also. Not so sure I want to pay that much money without any guarantee of a listing.

You can check status on their website. You need to enter your application ID, name, and e-mail address.

I applied last November, finally was approved just last week.

I just looked mine up. Says "pending". I applied in November, do they call you when you're approved? Neudot I assume you're taking the courses.

I just received my notice as well and almost screamed when I saw the prices. I am in a rural area and handle most of IndyMac's properties in this area and even so, I'm lucky to get 5 a year. I am already paying over $2,000 a year for the required enhanced Realtor.com that Indymac came out with last month. I'm okay with the 'pay to play' but I wish they were
willing to give me some sort of reassurance that they will continue to give me the 3-5 listings a year they have in this area if I'm going to spend $3,000 completing all their requirements. This is just as frustrating as the Premiere asset/wells fargo situation: we pay to get the training as required and then they announce they are going to get rid of a huge number of their agents. (I sell a lot for PAS so I had no problem with completing the training). Just venting I guess....somedays it just seems like its costing more and more to do this wonderful line of work..

I don't think I'll be paying $900 to list properties that would net me $300 in this area. Burger King isn't charging for their training classes (yet).

I had handled Indymac for my previous sponsor but hadn't approached them yet since being on my own. A referral, thanks to another forum member, triggered my application. It was finally (a lot of things to look up for their required fields) completed last night and this morning's e-mail indicated it was approved. No mention of any Default School and will not incur that cost if it comes up, I see references to Default School being required for Wells Fargo too. Never did it for them either but closed my most recent listing from them last month.

Mr. Foreclosure, your application was approved overnight?

Yes, but understand there was an assignment waiting for me to accept.

if you have already taken the first two classes for wells fargo, you might as well take the third one for IMB

IMB is basically an REO themselves, are they going to be around when you complete the course? or is PAS taking over?

Okay, so I get this letter today....suspicous....are these guys gettin' a cut on these courses from the default school to help save their deficit??? lol

Either you are a person who makes things happen or things will definately happen "to" you! That's what's worked all my life.... I have a swing on this, I will share the cost 50/50 with another liscensed agent in my company... that's what will make more sense, then we can both take the courses and work the listings???

Problem is... I was told I was like number 600 in my area a few months ago. I registered with them last August, it's now been a year...see - saw....yes indeed.

They are not the only ones I have gotten recent responses to applications I placed close to over a year ago. First Preston, who wants you spend with Bid Select... Okay, I am trying not to feel like a target here at the same time....

My phone conversation with an IMB REO rep last week indicated that particular division is alive and well.

There are a heck of alot of 5% commissions to the selling agents in our surrounding areas, especially the duplexes.... $400,000 x 5% not bad! I think I will keep doing what I am doing. Got 5 in escrow.. I made my decision; I am eating pretty good right now, house payments are on time, no car notes, living the life, Selling agents get paid and can still take off time when they want. If I can find an agent to split it with - I will take the course, otherwise I'm doing okay!

I got the same email as well, check my status and I am still pending according to their site. They also sent the email with other email addresses of the agents they were sending the same email to and I did some looking up from the other agent email addresses. There's only about 70 of them on this list, and the majority of them are in the Sacramento area in California, there are a good number of agents spread around the nation, and approximately 5 or 6 in my area, which leads me to believe that I should really consider paying for these courses only if I get full approval from Indymac. Or maybe the list of these agents are all like me and are pending approval. What do you all think?

I am torn, I completed the PAS course mid last year and about 2 weeks after that I received an invitation to sign up and began receiving assignments within another 2 weeks; but only took the PAS Policies & Procedures ($400).

So yes, $900 seems alot to cough up. Haven't decided yet.

I'll probably fill out the application on IMB and wait until I actually get accepted. If so, I'll do the course. I hesitated for WF and I won't let this happen again.

What I would like to know is how many of you feel like you need this BS training? If you want to jump through these hoops for a company that is not promising you ANYTHING if you do this, go ahead. As for me and my DAMN HARD EARNED $$$$, I'll choose to work with someone who realizes the value that we bring to the table and INDY MAC can go pound sand.

I tend to agree with you G-Man, but Indymac is not like some fly by night company that's asking for donations. I am also wondering if the courses count for continuing education requirements?

Just curious from all of you IMB listing agents, did you get any listings from them this month? We have listed for IMB for 3 years and for the first time in a LONG time, we got no assignments from them this month. Makes me concerned since that happened right after they were taken over by the Fed.

haha i should have known there was already a post on this, i rcvd the email as well and just today clicked on the link showing me the price, it's seriously a pile of crap and i'm considering sending an email back to Dee or doing a reply ALL on it, I had an issue with them requiring the premier membership for Realtor.com because the company rep for realtor.com that called me was the rudest moron ever, and trust me i was being perfectly nice to him.. then indymac was down for a couple days during the INCIDENT and they stopped mentioning it, glad i didnt sign up! now this? no way, i just got an assignment from them this month too and it's a nice property but seriously this is ridiculous, most of the reo's im signed up with that DO require education or training provide it free. As listing agents we have to pay a big chunk to them, payfor our advertising, GAS, we do everything for them on these listings, if we're not getting them sold and are doing something wrong they can easily tell if, as long as they're good asset managers, and they would remove the agent.. Is this their way of brining in desperately needed money?
ughhh... i wonder if i would be the only one sending something, I need to weigh whether this one listing is truly worth paying all that money out and risking it never selling, maybe they're in a bubble and don't realize how the market truly IS and what gas prizes are for us?
Lor

I am with you there. I got an email today from them "following up".
It reads:
Dear Brokers

We currently have 2031 approved brokers, 2260 brokers who applications are pending and over 9,200 new broker applications.

Our approved brokers will be required to sign up for and take the required courses (if not already taken and verified by Default School) by the deadlines.

Those brokers whose applications are pending will be required to take the courses ( or verify they have been taken already) before their application is approved

Taking the courses and getting approved (or remaining on the approved list) does not guarantee assignments, but rather makes you eligible to receive assignments

based on your office zip code. Our assets are assigned electronically based on the parameters established in our system which verifies to our auditors that the human element is removed, thereby eliminating personal bias.

We understand that taking these courses is a business decision and an investment that offers no guarantee of a return. We expect that some of you will elect to withdraw your application or not take the courses by the announced deadlines and we will understand and respect your decision.

IndyMac Federal Bank, FSB is now operating under the full faith and credit of the FDIC and we have established these guidelines and requirements to insure the conservator that we adhering to their mandates.

We appreciate your cooperation and understanding.

For additional information regarding the training courses, please contact Rebecca Gifford at rgifford@realestateeducatecom.

Please do not contact your asset manager(s) or other bank personnel concerning the educational requirement. All questions may be directed to Rebecca at her email address immediately above


Thank you


Now let's do the math.
2031 already approved = 2031 X 899.00= 1,825,869
2260 Pending brokers = 2260 X 899.00 = 2,031,740
9200 new applications = 9200 X 899.00 = 8,270,800
1,825,869 + 2,031,740 + 8,270,800 = 12,128,409

Pretty big profit to be made here from agents already struggling.
I'll pass.

MH: I presume that you simply copied the email over to your browser; so all TYPOs, including the bad email address, originated with the IndyMac's Educator ?

Just checking. Seems to have been put together by them in haste.

Yes. I copied and pasted. Not my typos (though I have been known to have a few).

I love the line "Taking the courses and getting approved (or remaining on the approved list) does not guarantee assignments, but rather makes you eligible to receive assignments based on your office zip code". So what they are saying is, you may be screwed if you do the course and get NOTHING.

it is called investing in your craft. Also, once you finish the course and the exam you can share the course with your support staff and selling agents and it costs you nothing additional. So i view it has spreading the cost over 8 people. The material is actually very well done.

Finally, I took the valuation course from another of their clients so I don't have to take it again. And I can't prove it but I am fairly certain that I got a new client from the training company by having one of their clients looking my profile up in their database.

Here's another way at looking at the math. 2031 approved agents/50 states is approximately 400 agents per state. Wonder if that would work out to be more than one assignment/agent/state/year? Of course, if it attracts other clients, the pain would be lessened.

I usually close a couple a month with them at least and they are my favorate client to work with. Very responsive and professional and they use a P&P company so my expenses per property is very low. But it is a personal choice. Cheers.

I beleive everyone is missing a key element here....

The REAL question is does INDYMAC have alot of properties going into foreclosure and alot of properties currently in foreclosure in the areas you service???


For instance I serve 4 counties but Indymac is not a major player in my area. Conversely PAS has a ton in my area. So I could see the benefit of PAS and not of Indymac.

If you take the time to go through the monthly legal notices for the counties you serve you will see which banks have alot of REO in your area and who you need to sign up with.

There are some companies for instance that have 100 listings in California and 1 in the whole state of GA. So it's about do they do business in your state and in what concentrations.

I'm a little leery of Indymac as I was on the selling side of an Indymac transaction when it was discovered by the title company that the property had not been foreclosed on correctly...it took 1 year to straighten it all out. My buyer bought something else after waiting and on the advise of her lawyer. Good advise.

So... After you pay the 900 bucks to front for "eligible assignments in your area..." Do you have to pay the realtor.com fee also?

uuuuhhh....yehhhhh.... I responded to thier e-mail questioning the status of my applications because I have never been able to access it for some reason, although I am told verbally, it is "pending" and I got the same bad typo letter you did, word for word.

In other words, there is absolutely no guarantee they will send me a single REO. This was the number one company I have been trying for months to get into and nothing.... I even paid to go to some B-s conference they gave at 49.00 With aboiut 250 agents attending.... Not a word about REO's during the whole darn conference, so I of course raised my had and asked questions at least 3 times regarding REO's only to be shot down, this was in about March of this year. What a joke, I got an turkey sandwich, an apple, and a coke, I guess it was a just a lunch date. All we did was go to a PR meeting for Indymac to hear what a wonderful company they were and how we should just send them loans.... When the take over came through, I had 3 qualified buyers placed with them, I pulled them away from that joker loan officer. Giving loans to try and get REO's was making me feel like a REO wh---!

i think something is going on as well. i've heard rumors that the FDIC is considering selling it's entire Indy REO portfolio at auction so there will be no Indy REOs. i've also heard that Indy's REO brokers are very well-regarded in the industry and other companies has expressed interest in working with us to help liquidate their REOs. All rumors.

what i will confirm at least on my end is that whereas i was getting several Indy assignments a week, the spigot has all but turned off since the FDIC took over. i suppose these costly training classes could be a sign that the FDIC is committed to continuing Indy's REO department. i can't imagine that they would force us to take these classes and then dump the whole program a couple of months later.

the complete dead stop of REO assignments could also mean that the FDIC is revamping and once they get it together it will be business as usual. i'd love to hear from other Indy REO brokers to learn if they too have experienced this complete cessation in Indy REO assignments over the past month.

One other thing, the Default School email mentioned that REO assignments are "handled electronically" to "remove the human element". does anyone know how they were handled before the FDIC took over?

After an overnight approval of my application to be an Indymac listing broker, and the assignment of a specific REO property, they also sent me the letter about Default School.

Not interested. I'll handle what is assigned to me, if they are satisfied and assign more fine. If they decline any future listings for lack of Default School that is fine too. I was doing very well without them before and can again if that is what happens.

The pdf attached to the first email says that "existing Indymac brokers and agents must enroll in and complete" the Advanced Evaluations and Indymac REO Policies and Procedures courses. It doesn't say anything about the REO Best Practices class. Is that just an oversight or is the REO Best Practices class not required for existing Indymac brokers?

Here is my suppositon. If you were already an Indy broker before Default was conceived, it would appear that you're already practicing "Best Practices" for Indy otherwise you wouldn't still be on their roster. Perhaps I am wrong.

Exact same thing happened to our office and those were my thoughts as well. At least they haven't laid off the REO staff...yet.



They were handled the exact same way before. Preference given to experience and score.

How much is the realtor.com premium deal-thingy? I'm still trying to assess total cost for dealing with Indymac and Default school.

My cost for the required enhanced Realtor.com is over $2,000 a year despite the fact that I only have 1-5 Indymac Listings a year because it is based on your total amount of listings in the past 12 months. Indymac doesn't do a bunch of work in this area but when they do, it's usually pretty decent listings and they are great to work with. My bubble was just burst though, because another agent who is 15 miles from me also signed on to REaltor .com for Indymac. This is a very rural area and with so few assignments available, the only one who makes out good on this one is Realtor.com in my opinion. I know that it is our decision to do it but I have a real problem that OUR association buys into this with Indymac and makes us sign an iron-clad 12 month agreement etc. Even if Indymac folds tomorrow, we are still locked in to our enhanced listings. In light of the other agent, now I have to decide if I want to spend ANOTHER $750 to do the training. I wish that Indymac would see that they would get a lot more excitement about these "mandates" if they had a two way street and would give some sort of commitment to the agent who is willing to pony up all the money. Just my two cents or rather $2,000 and counting....

FED has now frozen all IndyMac properties that are in foreclosure. If they have been foreclosed on already, it will be business as usual. But all properties that have a NOD are being frozen to give property owners a chance to modify their existing loans.

I flat our refuse to sign on for the realtor.com premium, like i said i refused before they were taken over and so far no backlash as ive rcvd a new listing(soo dont want to jinx it!!) but it was mainly because the realtor.com rep was rude to me on the phone, literally accusing me of not wanting MY buyers, THEIR customers to get the very best, and he used this horrible accusing voice:| it was to the point i was shocked at his emotional outrage at me that i was speechless and thats RARE!!
i'm not doing the school, it's not worth the few indymacs i rcv combined with being unsure of indymac's stability right now, I have not seen a foreclosure deed on the new listing i hve but our county is slow and i have a signed cfk..im evicting a realtor at THAT..but he's a jerk soo im ok with it:)

Where did you get this information from? most of the occupants i work with on the CFK that i do for Indymac are so fed up they're no longer interested in a modification. why in the world is indy now requiring default school? who knows what will happen next? do you have any additional information. thanks.

does indymac also require you to sign up for realtor.com? Does anyone know which companies they insist you sign up with. Tomorrow is the deadline to sign up for the class, I decided "no more money", however a friend of mine also has the invite, and is asking me.

I signed up for the courses about an hour ago. Earlier today, I finally spoke to a good friend of mine who does REO's for Indymac in my area and she said, DO IT! I asked her why? She said, if you read the email which states that there are approximately 14,0000 agents around the nation who are already active working agents for Indymac, waiting to be approved agents, and the inactive approved agents is small in comparison to the number of REO's they have coming down the pipeline (Alt A Paper loans were the biggest for Indymac, they are now starting to reset),especially in my area.

Plus she said the course is very well done and after being in the REO listing side for over 10 years, she felt that she learned new procedures and policies from the courses.

So I started the course, so far, I have found it very informational and valuable for me to try to crack this business. Plus, your info is on this schools site, according to the school, there are a number Lenders use their list to recruit REO agents. I could be wrong, but even if I get one sale from completing the course, it would of paid for itself, if not, then it's a tax write off.

From talking to IMB brokers/agents/loan officers, IMB has approximately 8,000 REOs in its inventory that are frozen right now while the FED reviews them. There's no timetable on when the program will come back, but I'm guessing it will come back around the same time that this schooling is supposed to be done. Also, I've read that they've sent out 4,000 modification agreements on loans that were behind.

I am already PAS and RDCPro with this school so I guess I would only pay for IMBs portion on proper procedures.

I just found out, that M2M is asking for a training from Default School! $500.00 for both courses, plus IMB is $400.00.

Recovering, I think this new trend is what they call WEEDING OUT. Nini, hopefully you signed up for the IMB class before 8/25/2008.

I haven't heard that about M2M yet... when are they going to start doing that?

M2M just sends those horrid eblasts. Why bother? When one of the banks I work for requests me they don't show up as blasts they are 'orders'... If you are getting blasts and are not a "preferred agent" on M2M don't bother with the Default School if you already are proficient with BPOs. At least that's my opinion.

Darn. Missed the date! In regards to weeding out or as I like to refer to it, "A culling of the herd" it's about time! Some of the agents in my area have 200+ listings and they are vandalized and not boarded and God knows when they last did an inspection, you submit offers and weeks go by and they never respond, you can never reach a soul on the phone (I actually called one REO agent and his voicemail message said - "If you are calling on offer status we WILL NOT call you back.") Uhhh, how about hiring some help or deflating your ego? I doubt the Client is aware of these things...

Realtor.com is hurting right now for funds. The cost is based on the # of listings you have had in past 12 months but if you whine a bit about $ they will cut you a discount.

nini, did you try to sign up today and they wouldn't let you?

I pay 25.00 per month for Realtor.com expanded listings. This allows me a unlimited number. We got a deal if the entire office was signed up. This does not give you the featured listing spot on the front page.

I started to believe that IMB is under heavy scrutiny by the Feds, they have frozen my second assignment. It has been over two weeks and no listing agreement after I successfully completed the CFK.

Hello Everyone,

HELP!!! I am in the Dallas-Ft.Worth Metroplex. Could someone exchange Listing Companies/Asset Managers with me. I have First American, Coldwell Banker, HomeEQ, GMAC, DispoSolution, IAS, and OCWEN. Although I haven't received any new listing from IAS, HomeEQ and OCWEN for months.

I have lost over 75% of my REO Listings and I need the work. Now that GMAC is playing games, I guess I just lost another. I have played all of these companies games to their satisfaction but they always dumped on you at the end.

Are you sure you're playing their game according to their rules?

Because the forum rules indicate NOT to come on here asking for contact information. Just sayin'.......

They haven't dumped my broker and she has been doing this work for 8 years. She gets more and more everyday. Are you SURE you're playing by the rules?

Finally received acceptance with user/password this morning. Patience is a virtue, but I will keep you posted if and when I receive any listings!

REO Agency,
How long was you application pending?

Yeah, how long.

Mine has been pending for about.....2 months.

I have been pending for 10 months.

Finished the course in August, never heard from management since course completion and finally within the last few days received feedback, provided the necessary doc's and am now in the system.

Cool REO Agency, mine has been pending for 6 months, I got 4 more to wait for, sooner than later I hope.

I been pending for 10 months now but just finished course at the end of August!
Hope for the best!

Can somebody clarify for me?

I finish the Default school classes this past July (the 2 first ones: best practices and adv evals)

Shortly after I filled out the Indy application.

I have never taken the Indy or Pas specific training as I have never been provided one.

When you guys say you have been pending for 6 or 10 months are you talking about since you applied with Indy or after you took the Default Indy class?

Signed up early January and was pending through late October. When the mass email to take the Indymac course went out, I completed the courses, still pending, waited another 2-3 months for some kind of response then received email about application review/approval and was provided user/password.

Fiji,

I did all three courses, still am pending, have heard nothing since completing courses in mid Sept. I am not discouraged, I know that the school itself pimps out their students to other asset management companies, I know, one of my good friends just got a bunch of new listings from another asset management company from just taking those courses, of course, she also has 20-30 listings at a time, so it maybe because she's experienced.

What company gave her the listing? I was thinking about taking the classes for PAS. Will that get me some listings with them?

Also,
Indy gave me 4 listings and app approval within 3 weeks. They are just tacking back homes left and right where I am. I have yet to pay for & finish the classes...I plan to do it this weekend!!!

I can't divuldge her information, but I can tell you that they are recruiting from Default School, not here to promote them, just telling you what I know.

Welps. I got approved with Indymac. Have to take the courses though. Like with CW, this was possible due to the people I know from Prospect mtg.

Received a listing from them this week.

Is that your first listing from them since the FDIC went in? i just closed several with them that were in pre-list when Indy went under but i haven't seen a new assignment since. I think the new California foreclosure law (Senate Bill 1137) coupled with the bailout has really slowed the REO biz to a near halt in California. i believe though that all of this is just prolonging the inevitable. Unless lenders are willing to actually modify loans with principal reductions i don't see how any of this is really going to halt foreclosures.

Just want to know if anyone understands how Indymac is working these days -- they say they are only giving out listings in the zip code you work in however one of my co workers who works in a totally different county got a listing in my county as ask that we be co listers because she is so far away -- does anyone understand this or have any ideas on why indymac would work in this manner considering they ask us to pay so much money for their classes --- seems like business as usual

It is my understanding that they take our primary office zip and give us a 20 mile radius. Listings are auto assigned through the computer say as to avoid any issues... At least this is what they told me. Being a CA broker... in my area no new listings have been assigned to any of us (approved brokers) since the FDIC took over. And yes I did pay for and take all the classes. I Hope this changes soon.

yes that was my understanding as well but when we had an agent in another county so far away that they needed to call on us to service the listing -- I started getting a little curious to the whole system, however I don't want to get my co worker into a sticky situation, but it was very clear in the classes that you service your own listings etc...what do you think this is about and what do you suggest we do

If those are the new rules then I would not co-list without asking INDY Mac if it was ok. I mean if the other Co-worker wants to not adhere to the agreement/rules they have, then you should at least try to. What if Indy gets wind of this and as a result both you and your Co-worker ruin your relationship with them? Ask your Co-worker if they are aware about the procedures about servicing listings and the area that one can cover. If he says that he is aware of the rules then he might be doing something shady, like stating the wrong zip codes that he covers or is based out of. Be careful

My understanding is Indymac assigns listings based on who they have in the area so if they don't have an agent within 20 miles they will assign it to someone who is as close as possible even if that's 50 miles away. i've never actually had a listing in my office zip code but i have had listings 50 miles away but i travel to those areas several times a week anyway so it works well for me.

i wish there was an Indymac insider who could share with us what is really going on.

Yes, this is my first listing with them and I received it early this week.

Not true...My first pre-listing is way out of my office's zip code, I do receive another one closer though! So, no one knows exactly what are they doing! I am happy to receive them, even if I have to co-op with other agents outside the area.

I'm getting contacted by other REO agents outside my area to work with them, so am doing the same thing.

Does anyone have any comments or experience with these guys on BPO's and REO's

Nations Val any experience BPO and REO

Bumping. I think my Default School training paid off. I was just accepted with IndyMac.

Late last year IndyMac listed a property with me that was sold and closed before the end of the year. I don't know if they grandfather agents with more experience or what but I never did the Default School.

I submitted my application with them over 1 year ago. I took their required Default School training in September 2008 and was finally accepted today. Their acceptance letter is requiring that I not only upload my E&O and license information but copies of Default School training certificates.

WTG Seasaw, I am still waiting, I hope it pays off for me too.

WTG Seasaw!

Hey Seasaw... what state are you in?

I didn't complete the third module and contacted IMB for the invite and they told me to hold on, since they are changing strategy on all the courses.

When did they say this?

I did the default school and applied with IMB and I'm still pending. Recovering, how to contact them about the 3rd module?

No way you can do the 3rd module at this time, I was told by the new VP to hold on until further notice.

Anyone know what the IMB sale is going to do for those of us that are already on the approved bkr list?

Just got an email from IMB that they confirmed completion of default school classes. Maybe they are going to start reassigning assets from agents who didn't complete the courses. That would be nice if they started to enforce that requirement.

sooo, NOW my questions is, what happens if you didnt do the school and you have one of their propertie under contract:)
Lor

I don't know. I'd bet you were safe if you have something under contract. Also, they may not have reviewed your area yet for compliance.

<<secretly hoping for my area to be reviewed!

I got the completion notice as well... that said they had already contacted me weeks ago. Anyone have updates regarding the buyout and how that will affect approved brokers?

From my understanding, they are extending the school 2 more months for those Brokers/Agents that didn't complete it in time. After 2 months if they still haven't completed it, then they will be re-assigning their assets. During the 2 months that they are extending the deadline for delinquent Brokers/Agents to complete the training, they won't be able to receive any new assignments but will be able to keep the ones they already have.

Did you get an email for that? I didn't get it, but I did the training in September. That means the new deadline should be the end of this month, right?

Well, some agents that I know didn't do finish it in time and that is what they said was told to them. I'm not sure when the new deadline is - I will rely when I hear anything more.

2/28.

get er done...

Actually, the training is excellent. go indy!

My application has been pending since the first time this training came up. Didn't make the first deadline, because I wasn't sure if it would help. Does this deadline apply to me at all? Will it help my appliacation get applroved or is it only for those agents that are already approved and in network? I emailed both DS and Indy THREE TIMES to ask the same question, but neither replied (and I've been waiting for 4 months!:).

Thanks!