Do you take all REO listings? That is what I have done and I think it is hurting my business. My recently closed on a condo for $45,000. 2% commission. My broker took his share and my partner and I split the rest. This condo needed painting, new carpet, etc. We haven't been reimbursed for our expenses yet, over $4,000. This company uses a title company from the other side of the state and doesn't know local rules, extra work for us. I estimate we have 40-50 hours of work on this deal.
I have 2 more of these in escrow and company just assigned us a new one. Any input would be greatly appreciated.
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