I recieved an email today from Aspen Grove. They have new software to mange REOs. If you want business from Wells Fargo - PAS you much pay them $99 for the first year and $349 for the second year. They are charging $115 for each property. You much take a training course on the software. You will not get a listing after Aug 31 without the software.
Wells Fargo recently lowered their commission to 2.5%
I am in a low price market. My average sale is under $100,000. My last commission check after the company took its cut and I split with my partner was $251.
Many of the companies are finding new ways to make the agents pay. They are going to drive the small REO shop out of business.