I just got approved andreceived 2 Master contract's to complete from First Preston they said they represent Bank of America and Fannie Mae I signed up with them onlne about 2 months ago?? Can someone tell what there thoughts are about First Preston??

I also was sent 3 master listing agreements yesterday, for BOA, CW and Fannie. From what everyone here has said, they are great to work with. Their 17 pages of agreements are intimidating tho. Glad to hear they are nice to agents.

Yea, I also just received all there packet stuff. For me, it seems like its going to cost me a lot of money because I pretty much work on my own and dont have all these "extra insurance" stuff. I use my brokers license for just myself.

Does anyone have any feedback with how likely listings are if we join? I did a search on their BidSelect site and there is only about 7 properties in my whole county (Orange County, California) and one agent has all the listings.

I signed up with First Preston 4 months ago I just recieved two master listing agreements(18 pages) one for BofA and one for Fannie Mae I will keep you updated.

I signed up with First Preston 4 months ago I just recieved two master listing agreements(18 pages) one for BofA and one for Fannie Mae I will keep you updated.

My insurance - General Star/Landy - won't do the subrogation clause that they demand with their application. FP told me that they will not accept any application packets without the subrogation clause and additional certificate holders on a general liability policy.

I would actually pay another $1,000 to get a new policy that would do the clause if I knew I'd get a listing.

I wonder if they would accept the general liability that I have for my own company or it has to come from my broker company?? Any advice?

broker company

thank you

Has anyone sucessfully gotten their E&O company to do the subrogation clause for FP? If so, can you pm me your insurance company?

I just received their package and my insurance company won't subrogate either. Plus another $600 for multi forms. Seems like a lot of additional money just to be on a list!

I am stuck with the subrogation portion of it, and my broker won't cooperate.

I wonder if this is going to be worth it. I have the packet, but I am a small brokerage and would need to add a bunch of coverage for them.

Can anyone tell me what First Preston's referral fee is? I am going over my master listing packet and want to make sure what I am getting in to.

On the Fannie Mae side, no referal fee. On the BOA side I am not sure as I have not received any work from BOA yet. But.. the listing agent gets 1% for BOA.