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Res Net

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Real Estate Agent with RedKey Realty Leaders RB14030382

Has anyone here coughed up the $250 and had any luck with this??

Rosemary Brooks
BMC Real Estate - 209-910-3706 - Stockton, CA
The Mother & Daughter Realty Team

I signed up and paid the $250.00.  I have not listed yet, but I do have 6 listings in my profile that I am checking occupancy on.  One is vacant and I completed the BPO, but still have not received the listing agreement.  I pray they do not transfer it over to some other agent!!!!

Reading all these neg comments, I am a bit worried, but will just keep on pushing and not let the neg thoughts take over!!

Mar 02, 2009 09:55 PM
Lisa Wozniakowski
RedKey Realty Leaders - Crown Point, IN

Well, Rosemary, I do hope you have the best of luck!  I think I am going to give them a try after reading these responses.

Let me know how it goes!!!  I am curious and hopeful you get all those listings!!

Lisa

Mar 03, 2009 02:14 AM
Anonymous
Jasleen Allyse

I signed up and have not received anything! Maybe something will come through for me soon.

Mar 23, 2009 03:10 AM
#11
Anonymous
debra jennings

As anyone has success with res.net?  I saw a hodge podge of results.  Anyone has any recent feedback?  If you are a member of res.net is it worth it?

Apr 03, 2009 05:34 AM
#12
Anonymous
Michael Smith

I paid the $250 and have had 2 listings in about 9 months.  My problem is the asset company that hired me.  It is executive asset management.  They haven't reimbursed me for over $1000 in bills that I had to pay to take care of the properties...things like rekeying, plumbers, trashouts, etc... I have bills outstanding since October.  There are numerous companies under the res.net umbrella...including Ocwen.

May 09, 2009 09:08 AM
#13
Anonymous
Leo Gonzalez

Res.net is just a tool for asset mangagement companies. It is not going get you listings. you need to build relationships with asset managment companies that use RES.Net as a tool. If you just sign up you will be waisting your money.

May 13, 2009 06:22 AM
#14
Wayne Gabriel
RE/MAX Premier Group - Wesley Chapel, FL
GRI, SFR 203K Certified

Update- I got my first two listings from Res Net  two weeks ago. They are nothing to brag about, but at least I "got my foot in the door". BTW, I think it took almost 6 months to get them and they were both re-assignments.

Fran- I'm sick of seeing out of area brokerages taking REO listings in our market, too. Most of them won't even put a sign in the yard. That's one of the reasons I signed up...

Jul 16, 2009 11:33 PM
Anonymous
Sandy Pluris, Keller Williams Realty, Woodstock

I have been doing several BPO's for a large asset management company.  I have yet to get a listing from them.   Today I asked them what I could do to be considered for a listing.   They said one of their main bank customers makes them go through Resnet to list.   She asked me if I was a member and I said no.   She did say that you have to pay and she wasn't sure if that would be something I would want to do.  I got the impression from her that if I was signed up on Resnet I might have a better chance at getting listings from them.   I do think after reading the comments on this Blog I am going to hold off and keep working them for listings without signing up.   I might consider it in the future.   I am wondering if the asset management companies out their look to Resnet to find their agents to list?    Many of the agents in our area that are REO agents really suck at it but they get the listings.  It is really frustrating.   If anyone has any suggestions on how to get that business please, I'm all ear.

Aug 04, 2009 08:01 AM
#17
Anonymous
Kita Thomas

I signed up with them 4 months ago nad I got 0 listings DO NOT SIGN UP WITH THEM!

Aug 29, 2009 11:10 AM
#18
Anonymous
Aunda Klopfer

I paid the 250.00 and have never heard a word.  When I can resnet they say they are just a service for management companies.  This is a lot of work and I have never receive a thing.

Sep 16, 2009 03:15 AM
#19
Ron Kassab
Lighthouse Real Estate Group - Highland Township, MI

I received an email from them today about listing a property in my area.  For me to get that listing I would have to signup and pay the $250.  Not sure if I really want to do that.

Oct 14, 2009 02:01 PM
Anonymous
Martin Esqueda

WOW, are you guys and girls serious? RES.NET is a portal that vendors, outsourcers and servicers use to help with there business. If you deal with certain banks/clients that use RES.NET you will need to be on the RES.NET system to get those listings. Simple as that. RES.NET is not some miracle system that gives you a ton of business for signing up? As for the lady's comments above, asset ,managers will select agents by there zip code. If a agent puts a zip code in there profile that is not close to there home the asset manager will not have access to that information. That falls on the agent not RES.NET.

Nov 25, 2009 01:56 AM
#21
Richard Stewart
REO Specialists llc - Kalamazoo, MI
REO Realtor-RDCpro, CDPE Free list of Foreclosures

Any serious REO agent needs to be on Res.net and REOtrans.com The nice thing about Res.net is that for $250 you get up to 100 zip codes at no additional charge. Res.net charges per zip code. I also suggest paying the $50 to get setup with FIS Invoice manager. You will have better luck securing new clients if you are already setup with these. Be sure to include zip codes in small unpopulated fringe areas or new zip codes that the competition may not have updated in their profiles yet.

 

www.REOmamma.com

Dec 19, 2009 03:25 AM
Anonymous
Jon D.

I am a real estate Agent - I have 3 membeship to 3 REO companies - The all suck, I have had no listings, no BPOs ...nada ..

Here is the truth bout REO companies, They give all the BPOS and listings to their Friends and family and when there is some thing left over ... they may send you a bone ...

RES.Net Sucks - out of the 3 companies

Jan 26, 2010 02:18 PM
#24
Anonymous
Tori Williams

People, you have to do your research before you just give up $250.00. Res.net is not a bpo or reo listing site. I called before paying the $250. I found out that it just puts listing agents in touch with the asset managers. The asset managers search the database, and choose agents from a list of all agents in that particular zip code.

Feb 18, 2010 09:24 AM
#25
Anonymous
Lonnell M.

My suggestion would be if you are already a member of RESNET to update your profile with more detail about you and your coverage area.  The Asset Managers that decide which Realtor(s) to use has to sort thru a list of names and pictures of realtors that cover a particular area.  Assuming the Asset Managers don't know what most of the accronyms mean, you have to stand out another way.  That was my take as an Asset Manager.  Her is another tid bit, if you do receive the 2nd bpo make sure to ask the AM for the next listing and or comment on your RES ID.  the more positive feed back the better the grade, that is another way of deciphering which agent to select amongst many and believe me there are many.

 

Lonnell M.

Dallas/Ft. Worth

May 13, 2010 03:38 AM
#26
Tony Anderson
Century 21 Community Realty - Clarkesville, GA
Serving Habersham Banks White & Stephens Counties

All I ever get from RESNET is emails say their doing maintenance on the website at certain times but that is it.  NOTHING ELSE!  I see absolutely no value in there $250 membership. DON'T WASTE YOUR MONEY.

Jul 07, 2010 05:17 AM
Anonymous
Sheila

I agree with Tony Anderson.  All I get are emails on their maintenance for their site.  I have received nothing for the $250.  Wasted money for me.

Jul 07, 2010 07:02 PM
#28
Anonymous
Gladys Moore

ResNet is an interface tool for REO companies and real estate agents who handle REO listings.  You get the foreclosure listing from a REO company such as Default Servicing Inc through ResNet.  So to receive it and to handle the listing details, expenses, etc you must belong to ResNet.  They will not originate the REO listing but the asset manager from the REO company will go there looking for agents who utilize ResNet and are familiar with it.  They will then initiate the listing through ResNet.  Our REO team has received dozens of listings through ResNet from REO Compoanies who went there looking for experienced REO agents.  Go sign up with DSI, they use it extensively.

Nov 12, 2010 08:52 AM
#29
Anonymous
Gladys Moore

Sorry that company is Default Solutions and PNC bank utilizes ResNet also as do other banks.

Nov 12, 2010 09:03 AM
#30