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Top 10 Ways to Know if you are already an REO Agent

Real Estate Agent with CRYE-LEIKE REALTORS TN RE LICENSE # 246040

We have all been working with cleints and or properties that are a little different than say 5 years ago. Every other e-mail I get is about how to become a "REO" Mega Lister. Here are 10 ways to determine if you are ALREADY an REO Agent.

Number 10: The recommended price of the home you are listing is less than the car you bought in 1995.

Number 9: The words " AS-IS WHERE AS" have become very familiar to you.

Number 8: You are not sure that there is a yard sign because the grass is so high.

Number 7: You never speak to an actual person - e-mail only PLEASE.

Number 6: You prepare more BPO's, reports and updates than actual contracts.

Number 5: You have more deadlines than a newpaper reporter.

Number 4: You think "Is this 1,000 commission a downpayment on the full commission"?

Number 3: You get in a 2 page addendum with a contract and think " Where are the other 14 pages?"

Number 2: None of your clients work on Saturday and Sunday.

Number 1: There is a chalk outline in the living room floor.

Now get out there and sell those toxic listings!

Comments (5)

Natalie Rowe
RE/MAX Advantage - Portage, MI
Portage, MI

Wanda - I love this! I think I actually laughed out loud! I primarily work in REO properties and the last time that I checked my average sale price was only $44,000! So, I tend to get a good laugh out of the $1,000 commission - I've almost gotten a commission that's more than the actual house! (I had one that sold for $4,100).

PS - I think #11 would be that most of the major mechanicals are missing, possibly even the kitchen sink!

Mar 25, 2009 08:50 AM
Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.

So cute but true uh. I would love to break into REOs but just can't seem to do it. I do about 25 BPOs a month and have for 4 years and nota.

Mar 25, 2009 08:51 AM

very giid i had an old poem i sent u guys back when u started this but couldn't find it.  anyway watcg the beggar lice and cuckle burs. keep up the good work


Mar 25, 2009 11:54 AM
Wanda Lovelace
You're going to LOVE working with us!

Daddy that is not what I meant when I said please post a comment. Be watching your facebook! Me too.


Mar 25, 2009 12:02 PM

Miss Vanda...that is so very true!  You rock!

Mar 25, 2009 12:03 PM