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Why Should We have to Pay to Listen Banks Tells Us How They Will Improve Short Sales?

By
Real Estate Agent with ReMax 10

I got an email asking me as a Realtor to pay to listen to Bank of America, Wells Fargo etc. tell me how they were going to improve Short Sales!  The Vice Presidents of these Banks were going to speak and we should listen, according to the email....but wait...you must pay first to hear their message.  Now is it me or am I the only one that sees something wrong with this picture?  I understand that the economy is down and everyone is trying to make a living..and I don't begrudge anyone of that, however there has to be a place where I must draw the line.

We are out here in the trenches everyday, trying to keep homes from going into foreclosure by doing short sales.  The Vice President of Bank of America and Wells Fargo should be trying to communicate with us on a regular basis and we should not have to pay to hear their message. The best communication is to show us by improving the people they hire to negotiate and show us the bottom line in a timely manner.

But yet this is another way the banks are taking the short sale business to a whole new level.  This is just one agent opinion......

Posted by

Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

I would hope that this information is shared free of charge.  We will see if this ends up being available after the program.

Feb 16, 2010 01:50 PM
Dagny Eason
Dagny's Real Estate - Wilton, CT
Fairfield County CT, CDPE Homes For Sale and Condo

I cannot believe they charge for that - we should all be teaching them the better way to do business....   faster!  

Feb 16, 2010 02:00 PM
Halina Kraszewski
RE/MAX Suburban, Mount Prospect, Cook County, IL - Mount Prospect, IL
Polish Speaking Real Estate Broker Agent

Hi Andretta: I received this e-mail also. We should sent them an e-mail inviting them to seminar on how to negotiate in real estate (Oh... the stories that I could tell you...)

Feb 16, 2010 02:02 PM
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Aptly stated...i think all of us have felt the tipped scales toward the banking institutions...yet because i'm part of the advisory board of one bank, oftentimes, their hands are tied because of newly-imposed federal regulations...we don't really hear about this point of view via media...yet! Cherise

Feb 16, 2010 11:51 PM
Regina P. Brown
MBA Broker Consultants - Carlsbad, CA
M.B.A., Broker, Instructor

Hey I have an idea... why don't the banks pay US?  For putting up with their mess while we work 10 times harder, 6 months longer, through 4 buyers per 1 closed short sale, and then get our commission cut...

Feb 24, 2010 06:57 PM