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#273813 - 02/05/09 01:49 PM Re: REO Distribution Congress petition [Re: REODayton]
northtxbroker Offline
Major Contributor

Registered: 05/17/07
Posts: 1858
Loc: Texas
Smiling Jack,

Can you whine anymore? Seriously. How many times are you gonna mention fair in your posts? Life's not fair, son. Get over it. If the AMs are giving agents business, it is because they are satisfied with the service they provide. If they aren't satisfied, they find somebody else. It's that simple. We don't need Congress regulating who gets what listing. If they do, you wanna know what they will regulate next? How much you can make. Just ask all of the executives who accepted TARP funds. This bitching and moaning about some agents getting all of the listings is pointless. Go get the business yourself or go get a job.

NTB

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#273826 - 02/05/09 02:30 PM Re: REO Distribution Congress petition [Re: REODayton]
agent-007 Offline
Junior Member

Registered: 02/04/09
Posts: 1
Loc: southern california
Hi All. I agree with all those who DISAGREE with the petition. It will never happen. I would say that 98% of all the "whinners" would quit after 30 days anyway. It is a tough job and the profits don't really start showing up UNTIL you have around 60+ units...which means that every NEW mandated (by congress) REO agent would be losing money until they hit 50 to 60 units.

The guy with 200 listings that was mentioned as a "king" is really only earning a good profit BECAUSE he has so many listings.

Be careful what you wish for...

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#273833 - 02/05/09 02:49 PM Re: REO Distribution Congress petition [Re: agent-007]
ditty Offline
Veteran Member

Registered: 12/14/05
Posts: 1303
Loc: Winfield, Mo
I wouldnt wish this work on my worst enemy...LOL... these are the same agents that looked down their nose at me a few years ago...and to think... I tried to show some how to make a couple of extra bucks...guess what...they had to close up shop...could not afford to renew...
_________________________
Beware the barrenness of a busy life...Socrates
Let go...or be dragged...Zen

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#273854 - 02/05/09 04:17 PM Re: REO Distribution Congress petition [Re: ditty]
zephyr Offline
Major Contributor

Registered: 08/10/05
Posts: 1662
Loc: Missouri
The petition made me laugh, until I sat and thought about how many desperate agents will consider it legit, sign, and sit around waiting for "somebody" to do "something" to help them earn a living. I feel sorry for agents trying to get into the REO end of things right now. For the most part, they are a bit late. Most banks and AMs have agents in most areas that they use regularly. we all know some REOagents who are really not doing the work, but for the most part, if the AM keeps using an agent, it's because they are satisfied with the results.
I stop at one C-store, even if it's a bit out of theway compared to others, because i like the service and product I get there. I don't go looking for a new place to stop for my gas or my tea, because i am pleased with the one I currently use. Should the other C-Store owners whine and say it's unfair because they aren't getting as much business? No- they need to figure out what the "good" store has or does that they don't, start providing the same goods or services with a positive attitude, and wait for their business to improve. It will take time, but eventually, people find the businesses that are good and use them. Should the government tell me where to stop and buy my gas and tea? Hell no! It is MY money, I should be able to spend it as i choose- they get their cut no matter where my money is spent.
It is the same with REO. If a bank/Asset manager has an agent they like to work with, for whatever reason, why should the other agents be trying to "take away" some of the business? Observe their business, learn how to provide the same services or better ones, and be patient. If you are any good, sooner or later you will get business. Then it is up to you how much you are willing to work to keepit. The government shouldn't be involved in this issue at all. So our tax dollars have paid for the "bail-out," just as our money is paying to keep auto manufacturers in business (does that mean we should all get a new car for free because we now "own" a stake in the auto company?) Get real! Quit whining and figure out how to do YOUR work the best you can, and how to market yourself to those who can use your services. Don't count on someone else to take care of you and build your business up...
And no, I don't have hundreds of listings- I average about 10-12 at a time. No I am not perfect- I lost 2 listings this week for failing to get tasks done in time. I am not whining and complaining, I am not mad at the broker who got them, but you can bet your butt that i will get that work done on time next time, and learn to be more organized. It is MY responsibility to take care of myself. If i let someone else tke care of me, that puts me under their control.. Ain't happenin'!!!
_________________________
REO Broker since 2004

"And think not you can guide the course of Love, for Love, if it finds you worthy, will guide your course" K.Gibran

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#273858 - 02/05/09 04:32 PM Re: REO Distribution Congress petition [Re: REO Agent NJ]
MassBPOer Offline
Veteran Member

Registered: 10/13/08
Posts: 618
Loc: Mass
I signed up about an hour ago and commented that it may be a scam for email addresses. Now my name has been deleted. See number 715. Then 716 says to check ads to prove it is not a scam. I think everyone on these forums should sign up, using alternate name and email and make comments accordingly.

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#273861 - 02/05/09 04:37 PM Re: REO Distribution Congress petition [Re: MassBPOer]
MassBPOer Offline
Veteran Member

Registered: 10/13/08
Posts: 618
Loc: Mass
I just signed up again with this comment.

Please pass this law, I am lazy and want REOs handed to me.

I am sure this will be removed too, but if we all do it, maybe they will get the point.

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#273864 - 02/05/09 04:51 PM Re: REO Distribution Congress petition [Re: MassBPOer]
MassBPOer Offline
Veteran Member

Registered: 10/13/08
Posts: 618
Loc: Mass
Barack Obama just signed up #748

Paris Hilton, too #752.

This is fun.


Edited by MassBPOer (02/05/09 04:57 PM)
Edit Reason: New info

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#273865 - 02/05/09 04:54 PM Re: REO Distribution Congress petition [Re: MassBPOer]
KeepItReal Offline
Member

Registered: 04/10/07
Posts: 56
Loc: Los Angeles County, California
And now DS News is reporting on the petition... *sigh*

Entitlement mentality is reaching scary proportions these days frown

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#273869 - 02/05/09 05:16 PM Re: REO Distribution Congress petition [Re: Peace ☼]
CALL TODAY SMILE TOMORROW Offline
Veteran Member

Registered: 06/08/06
Posts: 614
Loc: DETROIT
Originally Posted By: Chi-town
I'm not one of the high rollers, but fair is fair.

Start by giving them all of the listings 20K and under, with a 25% referral fee and a $150.00 system fee, 3% plus a $1500 bonus to the buyer's agent. The trashout co. make more money than the total commission.

They must pay utilities, register with the city, get 3 bids for mold and other city violations. Wait 2 hours for the meter readings, complete CMAs,BPOs,MARs and on and on.

All for a huge comm. of $500 bucks :-)



....And they thought having someone screaming at them for taking a picture(drive by BPO)of their house was bad.......let them hit the trenches and see the real deal......drug dealers Taking over the house, crack heads getting high in a back bedroom,75% of your assets get broken into the day after you have them resecured, agents calling complaining about anything, neighbors calling you about someone breaking in,grass not cut (like theirs)......and so on.
_________________________
NOT JUST A JOB IT'S A LIFESTYLE
JEFFREY SACK
J&S Properties of Metro Detroit

OFFICE (313) 779-1817
Fax (313)865-7406

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#273875 - 02/05/09 05:20 PM Re: REO Distribution Congress petition [Re: KeepItReal]
zephyr Offline
Major Contributor

Registered: 08/10/05
Posts: 1662
Loc: Missouri
Well, if they don't pass this legislation, ther will be a lot of desperate agents who will have to resort to becoming drug addicts so they can claim a disability so the rest of us have to take care of them with our tax dollars, anyway...
_________________________
REO Broker since 2004

"And think not you can guide the course of Love, for Love, if it finds you worthy, will guide your course" K.Gibran

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#273879 - 02/05/09 05:29 PM Re: REO Distribution Congress petition [Re: zephyr]
Illinois Agent Offline
Veteran Member

Registered: 01/29/08
Posts: 582
Loc: Illinois
I am making a petition and pretending it's legislation to give Illinois Agent $1.00 from every closing...it's not fair that you get all the commission on your closings and I don't get any...who wants to sign?

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#273880 - 02/05/09 05:34 PM Re: REO Distribution Congress petition [Re: zephyr]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 4725
Loc: Vermont's North-East Kingdom
Why not legislation to re-distribute Retail Listings on a Fair and Equitable basis ?

Why should HomeOwners have the right to just WillyNilly choose just any one that maybe has a good reputation ?

Listings should be allocated according to Seniority like AFL-CIO or Teamsters work Assignments.
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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#273890 - 02/05/09 06:16 PM Re: REO Distribution Congress petition [Re: Vermont]
BoneFish Offline
Veteran Member

Registered: 11/09/08
Posts: 550
Loc: REO - Capital of the World
classic handout mentality ...

redistribution of wealth based on some misguided belief in fairness ..

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#273909 - 02/05/09 07:26 PM Re: REO Distribution Congress petition [Re: BoneFish]
MassBPOer Offline
Veteran Member

Registered: 10/13/08
Posts: 618
Loc: Mass
The list is growing fast. #775 is a good one.

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#273917 - 02/05/09 08:20 PM Re: REO Distribution Congress petition [Re: MassBPOer]
REO Agent NJ Offline
Member

Registered: 04/22/06
Posts: 215
Loc: New Jersey
#435 Sharon Balkin writes

he Reo's and Short sales are not beeing distributed well and most of the agents that have them mske it difficult to get into the property and many have not even seen the property...not right. Give the reo's and Short sales to the realtors( in condo's inparticular) who live in the buidligns and now about the building or area and can sell and show the proerty and get it off of the system quickly! I live in Vantage View and have sold and resold properties in my building many untis twice. It is not fair that I do not get sall the REO's and Shorts at 2841 N Ocean Blvd,Ft Lauderdale

*** This one does not even realize the difference between REO and Short Sales, among other things

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