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#354942 - 10/18/10 04:17 PM Satellite Offices (or fake offices???)
MArealtor Offline
Veteran Member

Registered: 12/28/06
Posts: 809
I recently was taken out-of-the-running on a listing because I was 34 miles from the subject. The bank, which I had handled several listings for, said their cut-off is 30 miles. I also noticed that the local REO Queen in my area has offices all over the state. I haven't confirmed it yet, but I think she is using agents home addresses to qualify with banks/asset management companies mileage proximity requirements. This REO Queen has alot of business, but I know she's not such a big player as to have real, physical offices all over the state. Is there a trick here? Should I be setting up offices, maybe just one room offices, in differnet (more populated with REOs, parts of the state?


Edited by MArealtor (10/18/10 04:18 PM)
Edit Reason: spelling

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#354944 - 10/18/10 04:30 PM Re: Satellite Offices (or fake offices???) [Re: MArealtor]
BoneFish Offline
Veteran Member

Registered: 11/09/08
Posts: 550
Loc: REO - Capital of the World
I know of one that uses a mini office suite for there address in a neighboring county

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#354958 - 10/18/10 06:10 PM Re: Satellite Offices (or fake offices???) [Re: BoneFish]
Traveler Offline
Major Contributor

Registered: 11/14/00
Posts: 2268
Loc: The Coast
If you're with a broker that has more than one office you could perhaps make one of the other addresses a branch office.

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#355044 - 10/19/10 01:28 PM Re: Satellite Offices (or fake offices???) [Re: Traveler]
Anthony Aires Offline
Member

Registered: 01/28/09
Posts: 35
Loc: Orlando,FL
You could, as the REO Queen maybe doing, use a virtual office. There are many nationwide virtual office spaces. Some virtual offices will have several locations in an specific area.

I use 2 different virtual office spaces and they offer packages where I can use 1 location, a few locations, or all locations. It allows you to basically collect mail there and use the address.
_________________________
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BPO REO Agents Wanted => http://BPOREOAgentsWanted.com/signup

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#355050 - 10/19/10 02:46 PM Re: Satellite Offices (or fake offices???) [Re: Anthony Aires]
Don Price (Pine) Offline
REO-BPO-R.E. Mod
Major Contributor

Registered: 03/12/08
Posts: 3272
Loc: Pinehurst, NC
Hey Anthony - what name do you have your real estate license under?

I see you list your occupation in your profile as: "Real Estate Broker Internet Expert", so as not to confuse anyone here or the public - I just thought I would ask now before it gets to be an issue as it has with other members in the past.

Frankly, I have no idea what a "Real Estate Broker Internet Expert" is, heck I might be one too.

later ~
_________________________
Donald Price (Don)
Pinehurst, NC 'America's Home of Golf"

Pinehurst Real Estate | REO-BPO-Brokers.com | Blog | Join active|rain | Twitter | Facebook


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#355084 - 10/19/10 07:09 PM Re: Satellite Offices (or fake offices???) [Re: Don Price (Pine)]
A-Neto Offline
Member

Registered: 09/13/07
Posts: 220
Loc: NJ
Wow....thats a real killer question!!!!!! dancingguy
_________________________
NABPOP & CDPE Certified.
RE/MAX Broker/salesperson

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#355110 - 10/19/10 11:37 PM Re: Satellite Offices (or fake offices???) [Re: A-Neto]
Illinois Agent Offline
Veteran Member

Registered: 01/29/08
Posts: 582
Loc: Illinois
Not that this has anything to do with this thread but since Pine asked...This guy appears to be licensed in Florida. He also seems to be selling lots of different things...I have not really found anything negative about him in my search. The last thing we want here is someone starting a competing website!;)

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#355112 - 10/20/10 12:49 AM Re: Satellite Offices (or fake offices???) [Re: Illinois Agent]
super realtor Offline
Major Contributor

Registered: 05/01/05
Posts: 8478
Loc: georgia
Yeah here we use closing attorneys where you can have mail sent to little offices for 50 bucks a month etc.

It's all in working the game to get your nut. Money is what makes the world go round like it or not.

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#355115 - 10/20/10 01:55 AM Re: Satellite Offices (or fake offices???) [Re: Anthony Aires]
MArealtor Offline
Veteran Member

Registered: 12/28/06
Posts: 809
Originally Posted By: Anthony Aires
You could, as the REO Queen maybe doing, use a virtual office. There are many nationwide virtual office spaces. Some virtual offices will have several locations in an specific area.

I use 2 different virtual office spaces and they offer packages where I can use 1 location, a few locations, or all locations. It allows you to basically collect mail there and use the address.

How do you set-up these "virtual offices"?

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