Oh Boy,

Have you had a chance to sign the petition to distribute REO listings amoung more agents?



This ought to get me "Flamed" once again. As I have said in past posts that there is no reason for the distribution curve to be so slanted. You can flame me all you like, but this is just right; the current allocation of listings is simply not efficient, nor is it in the best interest of anyone but those with 25 or more listings. Ya better go out and sell some if you want some more.

Thanks Jack I did sign it. However, I notice that the author is from forclosureu. I appreciate the efforts, but I think this is an attempt to get their "designation" to be mandatory as default school is for so many lenders.

I just took a look at the petition and I cannot sign something like that... and no, I do not have hundreds of REOs. I am a small one agent brokerage who has had to work hard to gain the loyalty of my clients. The thing that bothered me most about the petition is how many times the word "fair" came up in the agents comments. I'll tell you what's not fair... it's not fair that I bust my butt working 12-15 hours a day to service my current REOs and attempt to gain new business and these yahoos think that they should reap the same rewards as me. We have an REO king in my area who has hundreds of listings, but I want to take some of his business by proving that I am the better choice, not by the government trying to make things "fair". I don't want, nor need the government to step in and try to make things "fair". Life isn't fair....

amen NH-REO. I couldn't have said this any better. Any REO agent worth their salt should be offended by this! Life ain't fair, guys. You should work hard, do quality work, and you will reap the rewards. I'm not a REO king in my area yet, but I will get there. There is no room in this business for handouts. You either compete or get the hell out of the way.

BS., fairness is BS argument to get me to move on anything. Like NH-REO - "life is not fair-but we all must live it"

Like any effort by the government to "legislate" fairness and actually forces someone in private industry to be fair and do what is right. Can't stand the heat, jump in the water!!

I don't like the way it is but I do not need to government to legislate anything!

It's a gimmick for foreclureu. Not going anywhere. Poorly written but it gets people who don't have REO listings and want to get them to sign up.
You really want congress to legislate how REO listings are assigned??

they're only looking out for themselves

AMEN.................Hard work will get you there.....If the government gets in the middle that would be another referral fee.......lol

LOL,
The government mandating 'fairness' for REO listings.
The last thing we need is the government trying to 'fix' things. Now, are there some REO brokers who shouldn't be given the number of listings they have? Sure.. Not because of fairness, but because they don't do a good job due to sheer numbers. And no, I'm not talking majority.
I do think that more lenders should consider stricter MLS membership requirements and distance limits. There are many REO properties in my area that are marketed by REALTORS outside our area, which are never listed in the local MLS. It creates great opportunities for investors, because most local REALTORS don't know the properties exist, but does a disservice to the banks that own them. I also have a hard time believing that a REALTOR from 2 hours away can understand local market dynamics and give the same level of service a more local broker can.
If that was ever changed, it should come straight from the banks, not from the government.

Fair is a word used by children and democrats. I worked hard to get where I'm at and am not going to let some whiny agent's take it away from me.

Signing petitions on line is a way to harvest e-mail addresses. When the govment steps in to make things fair, your income will be limited like what just happened today to tarp fishing company CEO's, compliments of The Prez.

As of the time I accessed that link there were 317 agents who had signed. That's 317 people who should find a new line of work.

Their susceptibility to marketing scams and outright disregard for capitalism has been duly noted in a spreadsheet. This will go down on their permanent record.

High five to all who see how screwed up this is...

wow i just signed on to comment on this same email from foreclosureu.

Petition congress, I'll give them my 30K listing which got treated for fleas 4 times and they still keep hatching.

In return, if this market ever turns around i'd like some nice newer 300K listings, fair is fair

wow did you read some of these comments

"with one realtor having the control of all the forclosers"
--- side note--- if you can not spell foreclosure, I do not think you have any business listing any property at all