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#305366 - 09/07/09 10:06 AM Re: You Know the REO King/Queen Is Way Out of Area When....... ***** [Re: northtxbroker]
Grampa Offline
Major Contributor

Registered: 06/30/09
Posts: 2255
Loc: Margaritaville
We always put turn North (or S, E,or W) off of X street onto Y street as the first direction. Then you can use left or right if you want too. This eliminates the confusion and is recommended practice in our MLS.
_________________________
"Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind."
Dr. Seuss

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#305369 - 09/07/09 10:40 AM Re: You Know the REO King/Queen Is Way Out of Area When....... [Re: northtxbroker]
reo - ed Offline
Member

Registered: 09/10/08
Posts: 102
Loc: vero beach florida reo capital...
some folks have freddie mac wrapped around their little finger

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#305390 - 09/07/09 01:00 PM Re: You Know the REO King/Queen Is Way Out of Area When....... [Re: northtxbroker]
JackREO Offline
Veteran Member

Registered: 09/02/08
Posts: 761
Loc: Massachusetts
You Know the REO King/Queen Is Way Out of Area When.....
1) They sold more properties in a distant city than any other agent in that city.
2) They've developed a "can do" reputation with lenders all over the country.
3) Their commission income looks like a third word nation's annual budget.
4) They generate jobs for dozens of staff assistants to check those distant properties.
5) They take the time to attend conferences all over the country.
6) The walls of their offices are papered with awards.
7) They were doing REOs when many were still figuring out how to spell REO.
8) They're ridiculed by those that wish they were as successful.
9) They don't much care about the ridicule since they're smiling all the way to the bank.
The short version...If you're on this forum it's probably because you either want want to learn or you want to whine. If you want knowledge why not learn from the best. If it's to whine, that's certainly your right, but most successful agents probably don't much care.

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#305423 - 09/07/09 05:11 PM Re: You Know the REO King/Queen Is Way Out of Area When....... [Re: JackREO]
neudot Offline
Major Contributor

Registered: 11/02/07
Posts: 1753
Loc: Central New York
Well, I'm not a big dipper in my local pond. I get a few REOs here and there and I do my best to market them effectively. That said, I inherited an REO from a big shot out of the area broker earlier this year. I didn't realize it as I slogged through 3 feet of snow to put up the for sale signs that it had already been listed for a month. No for sale sign on the property. I had a phone call waiting for me on my cell when I got back in my car. A neighbor had been waiting for this listing. It was sold on Day 1, in 5 minutes. Only later did I discover (because the same property was concurrently showing on Realtor.com) that another agent had already listed it.

Well, upshot to the story, I had a phone call last week from the same asset manager, would I handle an REO about 100 miles away from me. I don't attempt that kind of distance. I told her to go back to Realtor #1 from my other listing, as that's his local turf.

"We don't want to use him again," was her reply.

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#305428 - 09/07/09 06:21 PM Re: You Know the REO King/Queen Is Way Out of Area When....... [Re: neudot]
JackREO Offline
Veteran Member

Registered: 09/02/08
Posts: 761
Loc: Massachusetts
The point being that the distant broker failed to do their job. That's not a king, that's a failure. When the Asset manager called you referred her back to the failure. Might I suggest you try this tact with an out of area listing. Offer to call other AMs you work with and get the name of a good agent in the subject area. I've located agents in east elbow bend "pick a state" for AMs. In that way I (and you) remain the go to guy when there's a AM that needs help, rather than ignore their plight. However, doing that just might get you the dubious dintinction of being a king. Note in my previous posts that I repeatedly mention performance (and the other agent failed to handle item 1 above). You were successful in fulfilling the clients needs and hopefully doing it at a profit. Keep it up and as the word spreads and the assets are assigned and you hire more staff you just might find yourself related to the realm of "Kingliness". As such you'll be forced to endure items 2 through 9 above. Item 3 is particularly heart wrenching. Might I also be so bold as to mention that it appears you're on this forum to learn rather than whine. It would also appear you're in a position to teach. And I'm not blowing smoke.

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#305433 - 09/07/09 06:58 PM Re: You Know the REO King/Queen Is Way Out of Area When....... [Re: JackREO]
neudot Offline
Major Contributor

Registered: 11/02/07
Posts: 1753
Loc: Central New York
Thank you for the very good suggestion about referring the company to a good broker in the area for which they need help, and also for the compliment.

However, I don't aspire to kingliness...perhaps queenliness.;)

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#305450 - 09/07/09 08:05 PM Re: You Know the REO King/Queen Is Way Out of Area When....... [Re: neudot]
JackREO Offline
Veteran Member

Registered: 09/02/08
Posts: 761
Loc: Massachusetts
How presumptive of me. A wife, 2 daugnters and 4 grandaughters and I still haven't learned. Queenliness it shall be. I PMed you.

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#305461 - 09/07/09 08:52 PM Re: You Know the REO King/Queen Is Way Out of Area When....... [Re: JackREO]
reo - ed Offline
Member

Registered: 09/10/08
Posts: 102
Loc: vero beach florida reo capital...
not wining at all {snip}. just can not understand why anyone would give listings to a broker that is over 80 miles away and think it gets serviced correctly ? other than the boker is in freddie macs pocket ! ps. i am a king in my service area and always get my performance done 100 %


Edited by Admin (09/07/09 10:01 PM)
Edit Reason: Offensive language removed. Please keep it civil.

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#305463 - 09/07/09 09:15 PM Re: You Know the REO King/Queen Is Way Out of Area When....... [Re: reo - ed]
JackREO Offline
Veteran Member

Registered: 09/02/08
Posts: 761
Loc: Massachusetts
Your play on words is totally inappropriate in this or any other forum. It wouldn't even be allowable at Burger King. I'd suggest a review of the forum rules might be in order.

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