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

341 signatures and counting..... Those who signed this petition should be ashamed of themselves.

The comments demonstrate that the only requirement necessary to obtain an RE license is the ability to fog a mirror.

Wouldn't it be interesting to send the list of these agent's names, along with their comments, to asset managers? I bet every AM would like to work with an agent who thinks that because they breathe in air and have a real estate license that they should just be given these listings. I'm sure they wouldn't want to work with an agent who is willing to pay their dues, work their @$$ off instead of bitching, and who takes advantage of well-earned opportunities. No, why would anybody want to work with that person?? Just reading those comments make me sick. If an AM ever had a reason to not hire somebody, there it is.

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 :-)

forclosureu, i have never heard of them? any clients using them like they do default school?

also, who said spreading listings to all is a good idea? how about earning the business?

An REO property is much more of property management than a "listing" The agents who signed the petition have no idea what they are asking for. For the small number of REO listings I have, I have spent more money for property preservation and utilities than the commission I make. We don't even want to talk about expense reimbursements being denied, monthly reports, etc.

Thanks all of you.
Really strange the diversity; I don't think that the asset managers really care who signed up as obviously those who signed up think the current system is very unfair and not in the best interest of the investor (ie person who now reluctantly holds title) The current system is certainly in the best interest of the asset managers and I would suggest that they look at their own book and question the fairness of their dispersal of listings. Some of the negative comments came from people that I believe have made negative comments on this subject regarding asset managers.
As I personally receive very few listings and have sold those I received within 30 days and currently have no active listings; I feel the system is not working in my best interest. I know I could petition the asset managers for more listings or petition congress; I chose congress as I think they may be more fairer.
ForeclosureU is BS, no question, but sometimes good things come from BS...look at global warming.
Seriously, there are 2 camps, those who have and those who have not. As one who have not; yet I feel I have earned my stripes; I signed up.
Actually many of the agents who signed up understand the property mgmt part; but it is also a marketing thing also which you can't do properly with too many listings.

I know an REO King in my area. Nice Chap. Thats all he does. He has a couple hundred listings, he gets them all. I do alot buyer side business with him. If I can't sell my crap I sell his. He gave me a tour of his operation WOW!

He employess at least 10 fulltime staff. He has brokerage agents begging for time to manage the buyer leads which he lets them have for free. He has many and many contractors that he pays and keeps in business with their payments as he waits for reimbursemnet.

Sure I want a piece of his business. He knows I want a piece of business, and By God with hard work, I will someday have a piece of his business. Is it fair that I can possibly take his business simply because I want it? Does it matter that his system can outsell me 20-1 and I am a 1 man group but I want it so I get it?

Even a few years "self respecting" agents would have nothing to do with them (REOs). I had agents laugh at me for turning in 1K commission checks. Those are the agents now looking for anything and signing petitions. Those are the agents with no niche, no plan, and riding the tides.

What a bunch of whiners. I wonder if any of these people have actually considered doing the WORK to get these listings??

Like some posters have said it is just a way to get you to sign up to their on line school. Garbage pure garbage.

Let's be realistic here.......if they really wanted it to be fair, why would the agents that have taken their class be the "first in line" for these listings? Doesn't that sound like those agents would be getting preferential treatment? Please, I really think this is a marketing ploy.....

If you control the buyer you control the sales!

Alot of REO brokers/agents have to make it on REO volume or hope double ending the sale.

The banks,builders all the sellers are motivated to sell that are in distrees (in my area at least)

There is one builder offering 7 percent to the co-op broker!

Others are offering 3 percent co-op with a 5k or higher bonus.

My niche is around buyers looking for distressed sales and bargains. I make way more money with no property management being on the buying side.

I could have gone full time REO a few years back but decided against it. I still list a few but I don't take the low ones.

With my time I can work with a buyer and make 10k to 20k in commission or do crapload of work for 2,000 in the same time span.

Just choose what kind of business you want and work it. The people that want a handout need to get out of the business. They won't do what it takes to succeed and make excuses not solutions.

There is a guy that stands on the main highway in a statue of liberty suit for a tax office in 20 degree weather everyday.

He is going to school and paying the bills in a bad economy.He WILL be successful because of a desire to succeed and a strong work ethic.

I can't stand people that say there is not work out there.

There is you just feel undervalued and won't do it. If you want to make more improve your skills it's that simple.

Libby .. it is a marketing ploy but it has a purpose
Oregon .. define work, I know agents that have been doing BPO's for years and still no listings, I work in a metro area with ton's of REO's spread amoung very few agents. I don't know where you work, but this is true all over. Why does a guy in Dayton need hundreds of listings? Do you really think that is equitable to those that are doing the work? Do you really think the AM's really care or know what would get the best price in the least time? Hell no they don't, they go to the same well because it is easier to return to the old well than run the risk of having to help a newbie.
There is another designation that is very well reconized that requires you to pay $200 / month for 24 months, pass a test, apply for acceptance by your competing peers to get. AM's will reconize that one, and I am sure that those with this designation can tell you why that is the way it should be. There have been plenty of posts slamming that process. This is not Russia, we have a problem, we go to congress. I can't wait for the hearing to see a REO king show up and explain why he needs 100+ listings to Johnny Isackson who was a realtor. (that same king probably doesn't list in FMLS which Johnny has a piece of because they charge)

Super - No the problem is that it is not that simple. You work North Atlanta and like me probably get kicked around by the listing agents because they are trying to double the deal and do not want your offer anyway. That is not as true of the LA who has a few properties; but the ones with no supra lockbox, hardly a sign, not listed in FMLS, and when you call, you find the property is under contract but you see it active next month. That is the King whose business I want. The guy doing a good job selling to the public at the best price regardless of the trouble; I can't take his business because it is gone as it should be. The guy with 100+ listings is doing something wrong and we all know it.
I have had Kings not do the simplest things because they are too busy working the AM's. That is the guy who need a little haircut and actually it would be doing him a favor because he could get back to doing his job better. See I am only trying to help. We have a problem with greed in this country and I am just trying to eliminate a little.

WOW Jack gotta rattled, it is a marketing ploy!

GM held the Title as the #1 Seller of US cars. It was a proud title, a marketing tag line.

Toyota took over that Title, a Japenese Company that manufactures in the US.

So why should one company be better than the other? The dominant Company manages their business better than the others. Did Toyota show up in Washington to beg for a bailout in a corporate jet? Same difference here on a different level. Why does an REO agent get 100 listings and I fight for one- because the other REO agent has a better system, a better staff, an orgainzed business, more so than I.

I aspire to learn from those that have hit the level I want to hit, which makes me work harder. The Agent I refered to is not happy with his results, so he is pushing to get more of the market share as well.

There has always been a rival between Coke and Pepsi, it averages 50/50 over the years. So you decide that you want your own Cola, the government should dictate that X number of Americans HAVE to use your Cola?

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

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...

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...

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'!!!

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.

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.

Barack Obama just signed up #748

Paris Hilton, too #752.

This is fun.

And now DS News is reporting on the petition... *sigh*

Entitlement mentality is reaching scary proportions these days

....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.

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...

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?

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.

classic handout mentality ...

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

The list is growing fast. #775 is a good one.

#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

S I G N __ M E__ U P!!!!!

I'm a poor, confused agent who cannot fight my way out of a paper bag. I need the government to make things right for me, those mean agents won't let me play in their sandbox.

Oh, wait! I have REO listings, which I've gotten directly and indirectly from doing BPOs. With AMs impressed by MY reports, bringing matters to light that directly affect THEIR asset and have the ability to close the DEAL. In addition to my own listings, I'm co-listing with my broker and he's no push-over.

If I can get listings, anyone can get listings if they understand their market, if they pay attention to the quality of the BPOs they provide. I do NOT give away my contact information with anyone and I don't expect anyone to give away theirs.

Usually, I'm a BIG, bleeding heart liberal; however, I know that I work and I work hard for what I have. I'm not a REO Queen or even a Princess but I'm good with that.

some of these are hilarious--826,834,812...MassBPOer, you have been busy...

Somebody pissed someone off...............lol Here is post #835

"835. Petition Administrator This bill and every single valid name will be forwarded to every single member of Congress and Senate. We welcome all the childish sniping being done by a few petitioners. We will leave them up as a testament to the state of mind and level of fear many REO Agents are feeling with this proposal. Please REO agents, post as many phony signatures and more vitriolic comments toward your fellow Realtors that are out selling your properties. Prior to being delivered to congress, all phony names and comments will be removed. Thank you "

If he can take names off, I'm sure he can add names............crazy

Those aren't mine. I was Elvis, Barack and Paris. So I guess congress will be looking for them according to the Petition Administrator. I bet they are worried. Especially Barack.

Do you mean to say that you are not quaking in your boots?

Yeah, well I'm going to start a petition to stop their petition!

If anyone attended the Atpac conference and heard that lady rant as to why asset companies don't equally distribute, she was the prime example.

#863. I couldn't help myself.

wow--they've voided a lot. Maybe we should all keep putting in phony names and keep them busy voiding them out. Notice how the signature count still goes up even though the name is voided, though.

I used to hide when management did the OT roster on short notice and had to skip me over. I would yell foul afterwords and still get paid the OT without doing a thing. GOD I MISS THE UNION!

Well, they started pending the approval and let a very good post go through from #870. Kudos!

I am sure they will remove it. But thanks for the comment, anyway!

I like 847
Anna Rexic 'Help me I am starving'

interesting perspective. "misguided" according to whose standard? who decides what is fair?

The 100,000 signatures by March 1st was taken off the site. At the rate they're being deleted, I'd be suprised if they are successful in duping more than 2,000 into blindly signing.

If my reading comprehension is up to speed, which I'm quite sure it is, the point is that the term "fair" is not applicable to most things in life and more specifically to the distribution of REO assets. Other than the equal opportunity to compete for business there is no guaranty of "fair" distribution. Every single agent/broker has had the opportunity to compete for this business for ages, if they chose to do so. It is a niche just like any other niche. The fact that agents chose NOT to compete in this niche does not mean that they should be entitled to their "fair" share because market forces have swung in the direction that make this niche the prominent one in their particular market at this time. If they want on what they perceive to be the "gravy train" they should get off their lazy rumps and go compete for the business rather than whining that they want their "fair" share.

It doesn't surprise me in the least to see this type of post from you, your trend is clearly to take an antagonistic stance on just about every issue discussed on this board. Shana (is that your real name?), meet brick wall. You two go debate about all the issues you want to. I'm not the first person here to express frustration over your antics that show no real comprehension of business in general or, most importantly, real estate.

believe me, I have more business experience than most. LOL. concerning the subject of ethics, I find many people in this industry have only a rudimentary understanding, which is somewhat disappointing as applied to a pool of people who are by virtue of their licensing, required to abide by legal principles of fairness and equity. if you can't see the hypocrisy in that, you are blind.

I wonder how many of these agents that signed this petition are willing to front thousands of dollars per momth for evictions,trashouts,repairs,lawn care and snow removal.

the petition refers to Realtors...is NAR supporting this petition...who drafted it?

I haven't made a decision yet about its merit. I would like to see the statistics referenced in the petition and their source. also, in my opinion it is logical that if a bank with REO assets has received TARP/taxpayer monies, then a more broad approach to the distribution of those assets probably should be implemented. since the banks received PUBLIC monies, this is no longer a private company matter. public monies should be used to serve the public as a whole, while preventing or avoiding monopolistic results.

Ethics? Were we discussing ethics in this thread? Other than WORK ethic, no. And let me correct you. Licensing does not require an agent to abide by a specific code of ethics. Membership in the association does. I would think you would be MOST familiar with this distinction based on your previous posts bashing the association.

So the topic at hand IS business principles when you completely avoided in your post other than to indicate you have oodles of experience. Let me just set my extensive higher education in business aside while Shana teaches me and the other members of this board what business principle supports "fair" distribution of REO assets. Enlighten us according to the Shana standard.

again, you've missed the point. our entire legal system, which in part regulates real estate transactions, is based largely on the principles of fairness and equity. apparently you prefer to ignore those legal principles and dismiss them as "misguided". personally, I find that very disturbing. I suspect that you would label this petition and other regulatory principles that benefit the public as a whole as "socialistic" and bad or unnecessary. in fact, they may be socialistic to some extent, but they have evolved and been incorporated into our laws for very important reasons.

by your reasoning, the Sherman and Clayton Anti-trust Acts would be "misguided". If you feel the need to repeal that Act, go ahead and give it a try. I doubt that you'll have much luck. perhaps you've forgotten that under existing anti-trust law, the government has an OBLIGATION to break up monopolies. and if the existing REO environment is monopolistic, then the federal government should take some action to reverse it. anti-competition laws have existed for thousands of years...this is not unique to the US.

Oh no dear. You've missed my point and are trying to steer this discussion to something that is NOT related to the thread. While I agree that our legal system is based on the principle of fairness and equity, that in no way addresses how any agents have been PREVENTED from competing for REO assignments. And do not try to presume how I would label anything.

Now focus:
I'm quite interested in how you perceive that agents who have snubbed this niche have been treated "unfairly" because MARKET FORCES have resulted in the niche becoming a driver in their market and they don't know how to earn their living now.

Stay focused on that issue and either build credibility or by all means bow out gracefully and quit embarrassing yourself.

since you're continuing this "debate" (which apparently is a horrible thing), I guess you're no longer a "brick wall". ROFL

market forces created the REO environment...so what? the principle behind this petition and behind ALL anti-trust legislation, is that the current environment stifles competition, inevitably encourages corruption, and is inefficient. in this case with the large REO brokers dominating or controlling that aspect of the market. typically when this happens, consumers (buyers) get the shaft, which is an undesirable outcome. it's the outcome or result that matters, not the events that led up to them.

Admit the truth...you LOVE debates.

let's take your forum name as an example, which you apparently felt was an important concept to attach to your online persona...Highest and Best Use.

who is the concept of H&BU intended to benefit?? remember, with respect to the Petition we're dealing with banks using public (TARP) monies. this is a very clear connection to actions that should benefit the public..but you're determined NOT to acknowledge it. and you're accusing me of lacking education...how bizarre.

I would venture to say that 98% of those signing this petition have no idea what it really takes to be successful in the REO business. They simply see a few agents in their marketplace domintaing the REO's and want in without knowing what goes into every transaction. I've had dozens of agents in the last year "pick my brain" on what I am doing. I simply tell them its not for everyone but if you want to coordinate repairs, get flea bites, and wade around in water when pipes burst then pursue it on your own. This is simply a fake petition to open up the process to those who will flame out when they actually realize what needs to be done with every property. Will the AMs and investors benefit from these unproven agents? No, do like everyone else on this board did, start from scratch, prove yourself and then reap the benefits.

To much time on this by people that don't appear to be even perform bpo or reo work and probably don't even have a real estate license. Argument for arguments sake is pitiful.

This is a ploy to get people to sign up and pay for training - nothing special at all - I am sure if it was someone here would have told us by now. There are a lot of lurkers here so I am pretty sure this would have pushed a graduate of this school off the fence if it was credible.

The email and petition is pretty good marketing I guess - I can't believe the bandwidth given to them here - and that makes their site more credible by sending more people there - I vote let it die.

HB - this reminds me of talking to my 6yr old granddaughter. She's smart, no doubt, but deep into a conversation with her I find myself trying to remember and grasp the fact that I am attempting to reason with a 6yr old child, there is only so much of what I say she can really grasp because while she understands the words - she hasn't the experiences to fully understand and appreciate what is being discussed. Also - she'll engage longer then anyone else has stamina.

maybe she's much smarter than you, and you don't grasp the underlying ideas?? LOL

Pine

You have such a way with words.....6 YEAR OLD.....you be my hero for the day.....lol

HB--I agree with everything you said except for this. Our system is based on rights--not the principle of fairness and definitely NOT the principle of equity. Our legal system protects our rights to life, liberty, and the pursuit of happiness. It doesn't guarantee them. All of these agents whining about the REO King/Queen in their area have the RIGHT to compete and the banks have the RIGHT to tell them to go away.

No doubt there - She is




Ahh Shucks I have to admit - she's been this way for a couple years now, lol. It can be a problem too because you catch yourself expecting her to act much older then she really is - shocks you when she just wants to play with dolls.

Who said debate is a horrible thing? And I never said I was a brick wall, I was introducing you to the proverbial brick wall. But I understand it's easier for you to fill in the blanks with things just go over your head.



Your entire premise is that current REO agents have a monopoly and are violating anti-trust legislation? DO YOU NOT READ??? Go visit the threads from all the agents getting their first REOs. That wouldn't be happening if there were a monopoly. Do you have a SINGLE statistic to support your argument? The comments these idiot agents are making on the petition even indicate that there are three or four agents in their market that get all the REO assignments. THREE OR FOUR IS A MONOPOLY? Since when? You're attempting (not very well) to support the position of agents that are whining because the assignments are not going to THEM. Period.



Are you under the impression that the REO broker can control whether assets are assigned to them or not? Certainly they can reject an assignment; however, face it, the asset manager controls where properties are assigned and they choose the broker based on their own set of determining factors.



Yes! I do. I don't recall saying I didn't. I like it better when there is a worthy adversary that can focus on their position and argue it effectively. Please consider that you are not arguing your position effectively.



My online name is Highest & Best. You seem to be taking some artistic license with it. Speaking of names...I asked previously if your name was really Shana and you avoided answering? A quick look at Division records indicate only a few licensed Shana's in Nevada...most of which are FORMERLY licensed because they wrote insufficient checks to the division. Two are active and <gasp> are members of the association! So are you lying that you're licensed? Lying that you're not a member of the association? Lying that your name is Shana?



I didn't accuse you of lacking education...but if the shoe fits...

I did't NOT acknolwedge that TARP funds should go to benefit the public. That issue hasn't been raised...you're losing focus again.

I apologize to the respected members of the board for continuing with this conversation. Can we just schedule Shana's playdate with Pinehurst's grandaughter now?

Hey now - she picks her own friends and grandpa stays out of that

Yeah, why punish Pine's granddaughter?

H&B

I noticed you're starting to space your sentences. You're making it too easy for her to focus......lol

Anything I can do to help keep the conversation on track! LOL

Well I guess we all admit that there are REO Kings and Queens. I assume they worked their butts off to get there and earned all of the business they have. But that is really not the issue. Is the public best served by the current system? I for one think it is not. I have never believed that one person or team can market 100 properties as well as 10 teams or 10 people can.
When I 1st did REO's, I rekeyed, trashed out etc using local pretty much inexperienced folks who I paid and got reimbursed for. I managed my cash flow and did not work for AM's that were slow pay or not reasonable in my mind. AM's were very likely to refurbish if I did not get a reasonable offer within 30 days. They were on my butt to make sure that the property was properly secured, marketed and maintained. I really do not remember having to share my commission with any of them. Yep, I am that old.
That is not the case today and you experienced REO agents know that. Today I may rekey and bill direct, I may trashout and bill direct etc etc etc. So why are you claiming that is not the case? When is the last time you had to REHAB a property? You need to get honest, the work changed with the volume which will allow a newbie to do the only thing they can do better than a King or Queen and that is market a single particular property.
And that my friends is really the job; not the admin stuff, nor the the other stuff.
Do you really believe that someone with 25 listings can market as well as someone with one. Fair is not the right word maybe, but the right word is certainly something like it. If there is a petition to comgress to look at this business and you attempt to foil it by adding false names and/or comments; does that make you proud? Obviously the sponsors have an adgenda which is contrary to your best interests.
I lost a good bit of business when I refused to pay a referral fee to an AM. I felt the same way you feel today about the agents who agreed to pay without a wimper, they now have my business. I refused to work with OCWEN when they went to India and it just became too much trouble. Obviously I swam against the tide and found out that was not the best idea. Maybe Congress and Johnny Isackson will stop that nonsense also. Want to start a new petition?
And leave Shana alone.

So....you saw the world changing around you, refused to change with it, and want the government to fix things now? Sorry, but you lost the business because of the decisions you made. Live with it.

Jack - you started this thready by asking if we had the chance to sign a petition which tuned out to be an uniformed, inaccurate, undocumented, petition with exertions that simply are not based in fact.

In the same initial post you state that this ought to get you flamed.

That seems like you're trying to solicit opposition to the petition - but then you seem to defend it as if what it says is true. I'm not to sure of your angle but you certainly helped get the petition originator business - I hope you get your 'fair' cut if that is the case.

All this is - is a stunt, ad, come-on, ploy and decoy to get people to sign up and 'pay' for a class.

The petition doesn't need to be fact checked -it doesn't need to be accurate - it most likely has already accomplished what it was designed to do - get paying customers.

We're all on or own here Jack - we sink or swim by what we post and how we treat others - we speak from the heart sometimes but balance things nicely by drawing from our experiences - something some cannot do because they're pretenders, but that's OK, this is also a place to learn. However they would be accepted much better if they would just be truthful, genuine and quit being so antaginistic in every thread.

Good Luck Jack - I hope you get what is coming to you from the petition - whether it is a piece of the profits from the ads, the classes or if you genuinely believe it is entirely based on goodwill for all the poor agents that just want REO listings given to them.

In my eyes it takes a grain of truth and turns into garbage - to bad too - it ruins what little there is in it that has merit.

It is a crock put together by some agent who wants a handout. I became interested in REO 18 years ago, and have since built my business to what it is today . Not on handouts, but on hard work and merit.
Still Fannie or Freddie won't list with me because of affirmative action. They can have all my Fannies and Freddies, I have no use for'em.

It's always the same self-righteous members that have a problem with my opinion. they just can't handle it because I don't back down to those expousing myopic, self-serving and uninformed opinions. as Jack said, this petition is about doing what's best for the public, with public money.

anyway, does anyone know who drafted this petition...and is it supported by NAR? the petition refers to "Realtors" as if it is representing all Realtors.

If you read the top of the petition it says "Per US Trademark laws please replace the word REALTOR(R) in this document with the words Real Estate Agent"

It was started by and is supported by a online school that wants you to pay them so they can sell you a "class" on how to become a REO agent. It is that simple. Many of the people signing this thing have no idea and really believe there is some legislation moving forward on this subject. There is no such legislation!

Awww poor starving agents. They will do anything but hard work to get reo listings. Maybe I should sign the petition rather than work hard for what I have? Thats the American way!

When you refer to the "public" being best served by the current system it's as though you elevate the distribution of REO assets beyond what it is. It's in the public's best interest to have a clean water supply, breathable air, vaccines to prevent epidemics, law enforcement, etc. It is a FAR stretch to presume that a matter between a client and the service provider they choose is a matter of public interest.



Are you looking in the back offices? I sincerely doubt there is "one person" handling that many listings. The Kings & Queens here have staff, build systems and run it like the business it is. Yes, there is one name on the MLS and one name on the sign in the yard, but I've been a part of the Royal Court before and I can tell you that the team behind that one person was extensive. For an average inventory level of 200 properties there was one person that did nothing but utilities, one that handled the billing, one that BPOs, MMRs and the like, one closing coordinator, one managing lockboxes and rekeys, two that prepared offer confirmations, counter-offers and declines, a slew of buyers agents...etc, etc, etc. That "one person" (and his paid staff) handled an inventory of 200 better than an unassisted individual can handle five.



An REO King or Queen will have a crew of experienced professionals, NOT "inexperienced folks" handle trash outs, rekeys, lawncare, rehabs, etc. If I were across the country from an asset that I was responsible for, I would pick experienced over inexperienced every single time. There is a huge amount of liability in each and every one of the tasks mentioned and it's just plain lunacy to gloss over that. I'll go ahead and touch on paying for expenses and getting reimbursed here too. These agents that have reached the desperation stage of signing a so-called petition begging for help most likely DO NOT have the resources to handle fronting these expenses and waiting for reimbursement.



Did I miss a post where someone claimed that there are not asset companies they can have services billed directly to? If so, I'm sorry I missed it. But let's not start assuming that ALL companies allow direct billing or that ALL companies require reimbursements. There is no absolute. And the ones that use property preservation companies usually still require the listing agent to turn on utilities. In my neck of the woods, ONE asset with a pool will run you at least $200 a month in electricity and that's a low estimate. I don't care what you set the thermostat on or how good the rate plan is, that water has to circulate and it's going to cost you. As desperate as the newbies sound, I would find it surprising that they were able to swing the cash flow. A 10 - 15 asset inventory level had my last broker in a steady state of $10 - 15K out of pocket at any given time.



October. Over $12K job. And I'm small time.



If you are implying that the only thing a newbie has to do now is actually market the property you are very naive. And regarding the actual marketing of the property, let's all just agree that every King or Queen is not doing the same thing. We have agents here that do a great job and agents that don't. But we also have agents with a listing or two (retail and/or REO) that do a pathetic job. The simplest, most basic form of marketing we have is the MLS listing. Go review the thread on Stupid MLS Comments if you're not sure just how bad some agents are. Why believe a sweeping generalization that an agent new to listings REOs can do that better than a King or Queen?



Yes, economies of scale my dear. They're more likely to have the financial ability to do advertising, more likely to have an extensive database of investors and buyer's agents of investors, more likely to have systems so that placing ads, writing listing comments, creating flyers, etc. is more streamlined than the lone agent.



Shana apparently loves this. She consistenly puts up antagonistic posts. It's all in the interest of weighing different viewpoints, right? Disagreeing with someone and outlining your points on why is not the equivalent of pushing someone down on the playground at recess. If you're feeling sorry for her it's only because she hasn't been able to present a pursuasive argument for her viewpoint.

And Jack, honestly, take some responsibility for posting the link in the first place to something that is simply a marketing ploy. Those people signing that are simply being duped.

My personal issue is with agents that want REO listings thinking the government should step in and help them get them. It's representative of a sense of entitlement that is growing ever larger in this country and it's pathetic. Every single one of them has the ability to go out and get them on their own. If they had vision, intelligence, stamina, creativity and all the other traits that make a person successful in whatever they choose to do, they could get them. But instead they've turned "get them" into "give to them." They think they should be given listings just because they want them and that my friend is not "fair."

And for anyone that thinks I support the viewpoint that I do because I have a lot of REO listings, you are sadly mistaken.

Now Shana, who's opinion is self serving? Yours because you want REO listings GIVEN to you, or mine because I think they should be EARNED.

And none of this has anything to do with what's best for the public. It would be best for the public to not have signed for mortgages they couldn't afford. It would be best for the public to save their money rather than fill their big new house with new furniture and flat screen televisions. It would be best for the public to have intelligent voters that weigh in on issues with their representatives so baloney like the bail-out isn't passed in the first place. I'm talking about personal responsibility and the individual level Shana (third time, is that your name?). I have not seen a single argument put forth by you (or anyone else) on how a redistribution of REO assets among agents will enhance the public.

Could someone point me to the public money well? I need a refill.

If they had vision, intelligence, stamina, creativity and all the other traits that make a person successful in whatever they choose to do..

HMMMMMMMMMMMMMMMM......YOU'VE BEEN PEEKIN'........You must have bought me last book......lol.....I have a new one coming out on ethics. It will be at the local book stores next month. It's called...DO UNTO OTHERS FIRST, BEFORE THEY DO UNTO YOU....I expect that one to be another best seller...I'm waiting for Oprah to call now....

Great post, H&B....

Well, time to circle the wagons, and finish these last 3 orders.

Man that is 10 minutes of my life I will never get back! LOL

Everybody looks at things through a filter it's what makes the world go round. If everyone said the exact same thing and agreed we would have a sad existence that is for sure.

This could reach a 1,000 posts and it never would be resolved. It's like a Democrat sitting across from a Republican splitting hairs and interpreting laws to fit there views and opinions.

They could talk for years straight and it wouldn't move them in position unless THEY wanted to move.

Me personally I don't care what they do. I just focus on closing more deals and making MY LIFE with my family the best it can be. Someone else can go save the world.

not true. If such a bill is passed by the Congress, the whiners in this thread will have to comply. LOL. I know it's hard for them to accept that the government controls many aspects of their lives and businesses. sometimes the government has to step in to control bad business practices. history has proven time and again that without market regulation, or with extensive de-regulation, the markets will become very corrupt and inefficient and in some cases very dangerous to the public.

HB - thanks for taking the time and effort to cover the bases like you have - very good as usual.

As far as reo is concerned - I am far - far removed from being a King - but I don't see a need to change any rules as when I present a better plan and cost savings I have faith I'll move up a notch or two.

As far as that advertising ploy called a petition is concerned - it is a joke. Someone asked about it's author - well I had no problem seeing who gets the credit and benefits from all this exposure. Hint - it is not the poor whining agent that wants to sit on their backsides and have REO properties given to them - look at the self appointed 'prof'.

Does this have a chance - no. If poor lazy real estate agents become a protected class by the feds - maybe - but until then why in the world would the owner of a property be forced to use a substandard entity to handle it.

The petition is not supported by NAR. If I remember correctly from past experiences the person at NAR that can make a statement about this - and do something about it, is Mike Thiel. Anyone interested in finding out what NAR thinks about the petition just needs to google "Mike Thiel National Association of Realtors", get his email address and do your thing.

Coming back to HB's efforts in posting - In a nut shell (large coconut size) Great Job addressing the issues without emotion, based on personal experiences, using good business sense, and addressing the issues fairly and concisely. Thank you for your professionalism in this matter.

I have removed the links to the petition. There are new members doing actual research that may feel this is a legit site. I have recieved the email confimation after signing a spot (that was deleted), I feel its Spamming the site.

Because it is entertaining, and there is a good debate amongst members that are not getting personal, I am not locking the post.

sense of entitlement? you're darn right! when public/taxpayer money is being used...I want some return on my tax money. this is not by any means a handout for RE agents, like TARP was for the bankers. those tax dollars were paid from EARNED income. if agents receive REO listings that otherwise would have gone to an REO King/Queen, the agent still has to perform the work, and may not get paid a dime if the property does not sell. this is simply giving individual agents and small brokerages an OPPORTUNITY to compete in the REO jungle.

ROFLMAO!!!!


LOL!! LOL!!! LOL!!!!

My prayers are with you dear.

I own a small brokerage and am a white, American male--there are no protected classes or advantages I can get due to my ethnicity or sex. When I started, I didn't know anybody at an AMC so I didn't have an "in". I applied and applied and applied. When I got my opportunity, I took advantage of it. Trust me, I compete and don't need the government's help. 50 bpos this week and 9 assignments so far this month and counting. I won't ask the government for a handout. I quite simply work my butt off (41 hours Thursday and Friday alone), don't whine, make my AMs job easier, complete tasks on time, and am accurate. Those who are asking the government for help are not mentally tough enough for this job. Period.

Those who demand help from the government are generally those who don't pay much, if anything, in.

Let's see - what is the government contending with right now?

Terrorism
Unemployment
Automaker Bailout
Banks Failing
Illegal Immigration

What am I missing?

Oh yeh, How are REO listings being distributed!

Take that argument to the bank and ask for Free Checking, you now own many of them with your tax dollars. Go to D.C. and demand to spend the night in your White House (request the Lincoln Bedroom), its your house also, you have the right to stay there. Don't even knock, just barge in unannounced. I would recommend you take an ID and a tax return though to prove that you paid your taxes. Sure the Secret Service will try to stop you, but you pay their salary, so threaten to fire them, they will get the point. Just make sure they inform the sniper on the roof though or things could get messy.

lol

hehehe - simple - logical - and to the point - good posts Dayton & Pa .

I think we should be informed of when this will happen because I want to see it - oh wait - we'll all see it on the news. I'll leave the captions to be used to the collective imaginations here.

Reminds me of my favorite song from 1970. Still applys today.

http://www.youtube.com/watch?v=Gy_aahkIdEI

it's very amusing how myopic, like-minded people commiserate. they can't handle any opinion other than their own, so they band together for emotional support. very touching. LOL

I agree wholeheartedly. all Americans should DEMAND more legitimacy and responsibility in our government. really, it's not a hard concept to grasp.

so that certain forum members may clearly grasp what is being said in this thread...I'd like to propose that Pinehurst's grand-daughter be consulted before those individuals make comments.

ROFL!!!

Hmmm - Most here do have a lot in common, share ideas and experiences as we learn from each other, so yes - that is right to a degree - but most people here are unqualified to make broad judgements and consider them to be fact - unless it is only meant to make themselves feel less lonely and a bit better.

The amusement here isn't provided by the majority (well OK - we do kid around at times - lol )- but stop & think about it - part of it is the petition - the other part - well enough said.

Shana, I wasn't commenting on this topic, just that the song from 1970 "Ball of confusion" can be applied to today. I happen to agree with almost everything you say.

M'kay shana. IF the Feds were actually handling REOs, meaning the actual mechanics of disposition of troubled assets, then maybe, just maybe, the petition might have some chance in Hades; however, the Feds are NOT actively disposing of assets, it's still up to the individual lenders and their servicing companies to dispose of them.

This is a bogus and shameless attempt to try and tie TARP money to the housing meltdown; quite frankly, as I have repeatedly pointed out, TARP to date has not been used to do anything regarding the troubled assets (read that as foreclosures). After the legislation was passed the first 1/2 of the money, which required no oversight and no accountablity, was given to banks to do with as they wished. What did they wish? To acquire other troubled banks and consolidate the banking industry. The TARP money was meant to stimulate the economy and to loosen the credit market so that money was available to businesses. None of that has happened.

How an individual lender and their servicing arms decide to give individual REO properties is their business. There is nothing, in any past, present or pending legislation, that dictates how distressed properties will be disposed of.

The petition is a "feel good" piece of BS. Meant to make all those poor silly agents, who couldn't see that the market had changed (and who did not change their business plans accordingly) feel like it really is Them vs. Us. Too bad, that for all your analysis you don't see that. I'm disappointed with you shana. I thought you had an ability to reason. Apparently I was wrong.

congratulations for seeing the truth. in fact, the first round of TARP money was NOT intended to loosen up credit markets...and that is exactly what happened, as you correctly observed. that is merely what the taxpayers and the Congress were told, which was pure deception in classic (former administration) style.

I never said that I personally would support this particular petition. however, the underlying concept does have merit.

once again, if the lenders are using PUBLIC monies via TARP, and we know they are...and they are not disposing their REO assets efficiently and equitably, that is a very strong argument for the federal government to intervene. face it, the big banks have clearly demonstrated that they will not handle their own funds as well as public funds responsibly or ethically. this is when the government MUST take some control, temporarily, to put the industry back on track. self-regulation only works up to a point. you can argue for "pure capitalism" all day long, but it never is viable for any length of time.

I've repeated myself so many times in this thread...I'm ready to require that the other members consult with Pinehurst's grand-daughter for advice before posting. where's a child genius when you need one??

ROFL

shana, there was NO requirement to use the TARP funds in any specific way and, in point of fact, there is no indication that any TARP funds were utilized to dispose of REO assets. If it is your contention that we should create yet another bureaucracy to deal with REO disposition then I suggest that you're barking up the wrong tree. This whole fairness argument reminds me of discussions I used to have with my son when he was between the ages of 6 to 10. It was his contention that life was fair. Clearly I had/have a differing point of view.

that's another interesting concept...that life is "fair" only between the ages of 6 and 10. before the age of 6 we have no independence. at the age of 10 we are jaded by society.

wait, weren't the same members vehemently arguing in favor of "the golden rule" in the ethics thread????

that hypocrisy is known as situational ethics. LOL.

Shana

Express any view you want but try to have enough sense to not drag in a child or grandchild. Frankly you have no authority to require anything. I have the authority to consider it a personal attack and shut it down.

It depends shana, on how one lives one's life. It's interesting that you think ethics are situational. Personally, I don't. That's just me. Just like my prior example of running a red light. Apparently, you think it's okay to run it if no one is watching, that running it would be situational (and bringing compliance) only if there were a police officer who might cite you. Interesting but irrevelant to the discussion at hand.

it was meant as a compliment to Pinehurst's grand-daughter, and I'd love to hear her input, if she is versed in this issue.

please clarify...are minors not allowed to post on this forum?

Lets not be a dumb [censored] Shana. Read the rules and regulations.

Whoa;
Did not any of you hear about the proposed "Bad Bank" ??
What do you think they were talking about....the good loans ?
I believe the proposal was to put the bad loans in a quasi governmental Bad bank. Actually I think it was a GOP idea that the Dems adopted. Now that we have crossed all of the party lines; who do you think is going to administrate the "Bank Bank " The current list of AM's are probably not very high on the list wouldn't you think???
If some REO king with 50 listings applies for work; what do you think will happen?
I believe that this petition is an attempt to say maybe the current system is not the best that can be done. Remove the link and you stop those that would have agreed and/or dissagreed the easy way to see what it is about.
And no, I have no affiliation with the sponsors what so ever. To imply that I did is merely a ploy to dilute the message. The message is clear, the response is also very clear; any suggestion of dissagreeing with either side being somehow something less than ethical is very strange.
I do not think that Shana or myself really give to big a hoot one way or another. But, I will haul my disabled, vietnam veteran butt down to the hand out listings office and ask for a few when they start the "Bad Bank." I assume not one of those people are going to ask me for a referral fee. And why was that little item not answered by H&B.

"Good Luck Jack - I hope you get what is coming to you from the petition - whether it is a piece of the profits from the ads, the classes or if you genuinely believe it is entirely based on goodwill for all the poor agents that just want REO listings given to them."

I really did not understand this part. The work is the work; I was and still am amazed how many of you believe the admin part of the work is the most important. Why do they require we have experience and a license?

I thought I would throw that out as they took the link down. Has it come to the point where those that dissagree are not allowed a soap box? It appears that only 2 people on this system believe that the current system of listing allocation is equitable (I did not use fair) Yet, if you read the posts; you see quite a few who have questioned it in the past. Where are the ones that questioned it?

How does a person who questions the assignment of a listing to some other agent, not believe that the current system could not use a little examination?

It is just a post, they can't hurt you...stand up and let the same old folks know that maybe the current system could use a little work; then maybe Super will get back to listing.

Jack-

Posters are always free to express yourself. Nothing has been deleted (except links).

This is a public forum though with many members. Members are free to express thier opinions. As a moderator I should have shut this topic down, but its a rather liberal forum and I have recieved no complaints. Mods do not delete comments on a topic, they only remove links.

Im not even sure at the moment though that the posting is serving any need. Hurting a poster is not the issue. Protecting the integrity of the forum is why there are rules.

Is the current system of distributing assets equitable? Nope, not even a little bit. We all know there are REO kings and queens out there that get more listings than some of us peons in REO, and that some of them are poorly managed, and there's some dirty pool being played.

That said, who says the distribution SHOULD be equitable? As said elsewhere in this thread (many times), the kings and queens got where they are by doing plenty of hard work, and by establishing relationships with their clients. Their clients are free to continue to do business with them...or not. Sometimes a king or queen falls down on the job, the asset is reassigned, and someone else gets a shot at it.

If that new agent does a good job, other things may come their way. Ya know, that's kind of the way things work in this country.

What are you talking about? Was something addressed to me regarding referral fees? I did not intentionally NOT answer anything. I may have missed it because I have been extremely busy. Please refresh my memory and I would be happy to comment on it.

Cheers.

I think this thread is like Uncle Remus' "Tar Baby", and once you came to touch on it, ya can't shake loose o'dat thang !

H&B

I give credit to the REO kings and queens, for having the vision, and business plan in place, when the hammer dropped. I also give them credit for building teams, so as to cover more listings. But, as with any team, you're only as strong as you're weakest link....following the "weak link theory", is how I got my foot in the door. For those of you who were asleep at the wheel (myself, included), you missed your turn. But, as in any race, there is more than one turn....I paid my dues......lots of BPO's for starters.....within 3 months I had a thriving BPO business, and in 6 months taking REO listings. If I can do it, so can the rest of you.....The petition, in my opinion, is a waste of time.....

This petition, reminds me of my first two years in this business.....my first year I was part time for nine months and full time the last three....I managed to be in the top 10% of producers. In my second year, I made it to the 1% group. Towards the end of that second year, my (out of state) brother-in-law paid me a visit. I was busy at time, so he kind of wandered around town. He stops at another real estate office and has a lttle chat with the broker. They were disussing real estate , when my in-law informed him he was working with me (broker doesn't know there's a family tie). Broker says "you don't want to work with him".....my in-law asks "why?".....broker says "he's a crook"......in-law asks "why do you say that?".....broker says "he must be because he sells too many homes".......I'm not tootin' my horn here, folks....just makng a point.......When first starting in the this REO business, look for the weak link.....once found, break it.....pay your dues, as most of us have....there's more inventory comin', and more weak links to break.

What does equitable have to do with who deserves to list REO?

What is wrong with an AMC placing an REO with a tried and true source - rather then taking personnel time teaching someone that just woke up this morning and decided they would become a REO broker.

So let's change our tack and tact enough to move the discussion forward.

Jack - are you a broker currently handling or interested in becoming a REO broker?

shana - are you a broker wanting to become a REO broker - do you perform BPO work? You don't seem to share much about your experiences at all - just your opinions.

How do you both see it if Big Brother was to take control of all REo and divvy them out- what - if any requirements would you place on the recipients?

Instead of babble - let's get to what qualifications we have that lends credibility to our views.

The petition is a farce - but let's just see what kind of qualifications Jack and shana feel a broker should have - and if they are both real estate brokers, so we can all see where the differing of opinions are coming from.

In an earlier post I tried to make a point about reasoning abilities without enough experiences to be able to understand the context of what was being said. Words are easy - context is something else where experience sheds light on the meaning.

Did someone actually say they thought the admin work was "the most important?" The most important what?



Why do you think they require us to have experience and a license? Experience at what exactly? And why minimize the importance of experience in the admin portion? It's the only way someone across the country can keep tabs on an asset.



The mods only have the ability to remove the link on Agents Online and he clearly explained why he did. That web address still works as far as I know (I haven't beeen looking). Every agent must have received the spam mail that had the linke in the first place. I did. So that particular soapbox isn't gone. This soapbox is still here because you're still disagreeing. So what on earth are you talking about?????



A change in symantecs doesn't change the meaning. And did you mean to indicate that only 2 people beleive that the current system is NOT equitable (Freudian slip!!)? Because I'm gathering there are a lot more that think it IS equitable...equitable in that agents that get the assignments have worked to be the recipient and they aren't the beneficiary of some benevolent Uncle Sam.

Oh, questioning how to get REO assignments is NOT the same as questioning where is your "fair share." It's one thing to learn how to do something and implement it, it's completely different to stamp your feet and demand something which is what the whole concept behind this fake petition is. The feet stampers are all out looking for that petition link.

If I have NO REO business then I want it to be divided up and I want my share! If I do have REO listings then leave it alone and everyone else can just wait their turn and put in the time and hard work to get where I am.
Anyone ever work for a Union? Equitable pay and benefits for all but seniority counts for something!

I started doing BPO's and REO a little over 18 months ago and in that time have worked hard to acquire my fair share of listings and am really happy with where I am now. 10 closings in January. I went out and earned the business and there are at least 4-5 established REO agents already in my rural area. The work is there for those who want to put in the time and effort.

You started at a good time - the ones who stood at the sidelines and watched you work I guess now want what you have - they just want to have to work for it - btw - congratulations for showing hard work and persistence still produces results - you earned your success - I hope to follow your example.

THANK YOU!!! Thank you so much for chiming in.

I rest my case. Those "petitioning" are looking for a handout.

how about answering my question, REODayton, and cutting the [censored] b.s. are you capable of that?

YOU told me to not drag in children and grand-children, which is really out there. why did you make that comment? is it against the forum rules, or are you just spouting out of frustration? nobody wants to hear that garbage. consider this post a complaint about YOU. in fact, if you have any competence at all as a moderator, which I doubt, why don't you go ahead and shut down the thread?

by your logic, anyone applying for a job is "looking for a handout", which is completely absurd.

a listing is a JOB, and the listing agent may not get paid at all for the work they invest in it. in fact, in some cases the listing agent/broker takes a loss. there's no handout. why is that hard for you to understand??

Sweetie, it's more like the job candidate that gets passed over trying to have someone force the boss to hire her. Why is that so hard for you to understand??????

It's a handout when inexperienced agents want to get the same number of listings as the agents who have the experience and who have put hard work into building their business. The agents on that list want to shortcut the process and not put in the time that is required to become competent and earn the business. While some companies have closed networks, many do not. Any agent who signed that petition can go apply at the open companies and have equal opportunity to get listings. Why is it so hard for you to expect other agents to work for their business?

"Why don't you go ahead and shut down this thread"?

I do believe, in an earlier post,in another thead, I made this observation, about the mission of this poster. Her game is to see how many threads she can shut down. It appears we have a child playin' games in an adult world.

One other thought comes to mind....if one posts, and then posts a reply right behind it to the same post, is that not the same as "talking to yourself"?....lol.......I think I'm gettting POSTED, here....been a long week....

My first post here. Nice forum, BTW.

I got this email and had a nice chuckle. This petition is absolute garbage, just more whiners wanting something for nothing. I spent months mailing out resumes to various REO departments and making phone calls trying to get my name heard and recognized so I could establish myself with the banks. Most of the ones whining couldn't stomach the enless stresses of the REO business. I am a true believer in: If you want it, go and get it. If one can't handle the challenges of getting into REO, then they probably can't handle the challenges of REO. I would rather have earned my success than for it to be legislated to me by congress. I have a decent inventory of REO listings with 18 in escrow but as with anything else it could be here today and gone tomorrow. And I guarrantee that if the well was to run dry, I would start digging again and I wouldn't stop until I acheived my goals.

In case you get overlooked...Welcome! If nothing else, we are a lively group!

Actually, After reading some of the comments next to the names on the petition, This is absolutely freeking hillarious!

Welcome Keene -

I was waiting for Jack and shana to respond to my request for information and to change the tack and tact of this thread - when we get that information everybody will be able to better understand our differing views.



Again - welcome and thanks for being a good example.

it's amusing that the so-called "REO veterans" label everyone else as newbies, lazy, unable to handle the pressure, etc. this is just an attempt to boost their egos. they dislike the concept of this petition ONLY because it may cut into their business. they have no concern for fairness...even though in other threads they were arguing so intently for "the golden rule"...which at its heart is a concept based on fairness. again, serious hypocrisy. they want "fairness" ONLY when it benefits them. when they stand to lose a few bucks, in the interest of fairness, it's a horrible thing, and everyone that disagrees is wrong, lazy, wanting a handout, etc. that's a pathetic attitude.

I am no veteran but rather a student. Bottom line... 10 months ago, I didnt have any REO listings. I wanted them, so I spent hours every day for months working on prospecting to those that could give me REO listings. Low and behold, I have recieved many, have closed many and have many in escrow currently. It IS already fair... for those who are willing to work to get there.

KT

I agree with you...lots of hard work can make it happen. I was in the same boat as you.....took me 6 months, but, all the hard work paid off....The key word here is HARD WORK...

Blasphemy!

yep. a key note I've learned. Don't decline assets. Your 1st few will most likely be reassignments of trouble properties, they were for me. I gave it my all and impressed a few AMs and they gave me more. I always take the bad with the good. I mailed my resume to some REO departments 3-4 times and believe it or not, I actually got listings from that. Its funny but the harder you work, the luckier you get.

We dislike the petition because it is a ploy to enroll agents in their school. There is not a congressman that will ever see it.

Additionally, the fairness is in the ability of everyone to compete for REO listings. It isn't up to the government to help the people without the motivation to get them on their own - ANYONE can get REOs if they try! ANYONE! There is no monopoly going on. Hard working agents who have implemented effective teams and systems succeed and get more of them because they are efficient and produce the desired results.

But enough about us - why don't you tell us anything about yourself - who you really are, what you do, if you are even licensed, or are you just a data entry assistant whose own RE career failed? Why so bitter?

H&B
Blasphemy!.......HARD WORK?......Okkkkkkkkk...how about just WORK?..........lol

I'm waiting .... questions must be tougher then I though.

Please don't feed the troll.

http://en.wikipedia.org/wiki/Troll_(internet)

Pine

Let me see if I can give you some assistance. You might start out by asking "yes and no" questions first....then, work up to " true and false"......and then, if that works, try "multiple choice".....hope that helps....I can feel your pain...lol