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!


Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Natalie Rowe 03/25/2009 08:51 AM
Tennessee Knox County Knoxville
real estate

Spam prevention
Show All Comments
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 #1
Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
800-309-3414 - 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 #2

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 #3
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 #4

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

Mar 25, 2009 12:03 PM #5
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Wanda Lovelace

You're going to LOVE working with us!
What can I repair/update with a 203K loan? Ask me!!