REO brokers wishing to work with lending institutions are often frustrated by not being connected with REO managers. The best way is to be listed in a place where the managers can have fast access to listing brokers. A new site ReoAllstars.com is run by a REO manager who has been in the business for several years. In order to promote the site he has asked his co-workers to use the brokers listed there and the first brokers in each county will naturally get the most business. Many popular REO referral sites charge over $1,000 annually to be listed at the bottom of their lists where you may never get called.
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Exit Realty Results - Carson, CA
Nacrei.com - Newport Beach, CA
REOnetwork & REObrokers sites are great but they are oversaturated and the bottom agents are often overlooked. The only reason I mentioned ReoAllstars is because of lower costs and new signups have a better chance of getting business there.
Jul 18, 2008 03:43 PM
Aksland Real Estate - Modesto, CA
Realtor, CFS, CVS
Thanks for the input. I appreciate the information and why some of the larger ones have been unsuccessful.
Jul 19, 2008 04:02 AM
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