Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on Twitter

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Good Ideas
Nusetlock.com




REO Prep Foreclosure Listings




BPO REO Secret System




How To Advertise Here

More Good Ideas!
real estate newsletters


Real Estate Websites for Realtors




Build your brand on a Real Estate Site





Facebook
Page 2 of 2 < 1 2
Topic Options
Rate This Topic
#308613 - 10/04/09 10:38 PM Re: Need Help, What Should I Do? [Re: smg]
911guy Offline
Member

Registered: 04/28/07
Posts: 37
one thing you shouldn't discuss the value of the property you would come up with, now if your value came close to what he is saying or same... that fine just don't let him influence your price openion, if it was way off. just put yours and you could report him to your board as that is an authics issue.. I normally tell the home owner when they aske me for a copy or they just wanted to know what value I come up with, I tell them I get paid by the bank for the information and they don't wish me to shar it with any one

Top
#308615 - 10/05/09 07:04 AM Re: Need Help, What Should I Do? [Re: papa lou]
Char K Offline
Veteran Member

Registered: 02/25/08
Posts: 826
Loc: USA
Every agent who has met an owner or listing agent at the home for an interior inspection, has probably been thru something similar. Sometimes the listing agent meets me and hands me his comps. More times than not he will tell me the offer. It's hard to just look at someone and not say anything, or "I can appreciate your efforts, but I do not need them, I am a licensed agent with access to the MLS and tax records."
Short sales are many times long drawn out ordeals that make owners and list agents alittle crazy. Both parties would like to see an end to their problem of getting the house sold. Desparate people do desparate things. They can't control what the bank is doing and they are hoping in someway,someone else can. I can see how they are hoping that I'm the one that might have some sort of "power" to get the deal wrapped up.
Unfortunately we know that we don't have any control over what's going on their end. And our obligation is to the company that hired us. The less said the better, you don't have to explain anything to the owner or the listing agent. Because you're a realtor you might feel some need to engage in some kind of "real"conversation, don't. Try not to say anymore than you have to; although I offer my card, I can see that perhaps I should offer it only when asked.
If the situation merits it, and I feel someone has crossed the line, I have called my employer and stated what occurred. I try not to over dramatize the facts. Listing agent met me at the home and attempted to supply me with details of the offer and comps. Comps provided by this evaluator were based on fair market values in the current market.
You know when someone has crossed the line. You also know what your job is and who is paying you to do your best work. You are not part of any negotiations in this deal. (Sometimes we see the other side too, the company that hired us questioning our values and we don't like that either! Maybe there are two previous bpos that don't support YOUR values and that can turn out to be a little crazy too! In either case, you will find that the more someone tells you what to find, the more you distracted you will become in performing YOUR job.
The sooner you take your job as a bpo agent more seriously ( ie you forget that it's only 80 bucks, and take the easiest way out) the sooner you will become more confident about the work you produce.
In my opinion ( no pun intended) the hardest part of the bpo is finding the comps, once I find the comps based on the subject's parameters and sometimes that took hours in the beginning filling out the form, is a piece of cake.

This may have been more infor than was called for but it wasn't that long ago that I was met for the FIRST time by a listing agent or intimidating owner. Same with QC,it's also a little intimidating to be told there is another bpo that doesn't match up with your values, and be asked if you might need to change something on your report.
The more experience you get, the easier it is to define your work.
_________________________
Licensed Realtor since 2000

Top
#308678 - 10/05/09 12:53 PM Re: Need Help, What Should I Do? [Re: Char K]
alodom7 Offline
Member

Registered: 09/21/09
Posts: 50
Loc: Midwest
Char K

Thanks for your input, he handed me comps as well saying they were from his broker and he later called me after sending me his email to let me know he has family members who are interested in buying homes (blah,blah,blah)I knew he was an agent because with Protk you have to input the sales data of the property and that is how I found his info. Funny thing is I almost signed up with his broker at one time. I'm happy to have this out of the way and I'll be prepared for the same scenario in the future.
_________________________
0bama-Biden 2012

Top
#308683 - 10/05/09 01:15 PM Re: Need Help, What Should I Do? [Re: papa lou]
Grampa Offline
Major Contributor

Registered: 06/30/09
Posts: 2255
Loc: Margaritaville
In FL it is a requirement that an agent disclose if they or anyone in their family is listing the property. "Dropping a dime" on them helps to keep the system in check. I am sorry that the agent is going through what they are going through but I also believe that ethics are not determined by your current situation. You have them or you don't.

Do what your agreement with your customer requires.
_________________________
"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

Top
Page 2 of 2 < 1 2






Moderator:  jbt4re 
Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
Search

Good Ideas!
real estate newsletters




How To Advertise Here

Sponsors

Newest Members
CourtneyFields19, theshortsaledude, toorgeman123, D best Realtor, Nilufar Yeasmin
21439 Registered Users
Who's Online
2 registered (2 invisible), 121 Guests and 3 Spiders online.
Key: Admin, Global Mod, Mod
Shout Box

Top Posters (30 Days)
Vermont 80
KingofBPOs 55
Brit16 51
DueDiligence 37
Bigtoe 36
johnnyloans 34
super realtor 34
Averis 34
Kjmendy 33
SoldWithVideo 32
RIzwan 29
shurdul 28
Doin' bpose 25
75Corvette 25
Scintillion 25
(Views)Popular Topics
No new orders today 4756900
I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! 2706457
Stupid MLS comments. 958897
EML 458010
Evalonline 299689
What do you know about Froy Candelario, top agent in USA 291017
Land America 285007
New HUD Listing Brokers---Any Update? 269684
Mainstreet 261768
Pay it Forward - BPO/REO Tips & Tricks I & II 239402
Stupid QC comments and BPO requirements. 230625
Is there religious content in Buffini class? 225874
FARVV 177251
REOTRANS 160802
USRES / RES.NET 147658
Let's talk about our cars 147650
asset val seminar in colorado 144134
AVM Bpos 139643
FARVV 126764
PAS 118332
Featured Member
Registered: 02/16/11
Posts: 28

How To Advertise Here


This site presented by RNC Internet Services