REO "experts" and "specialists"

Real Estate Agent with Keller Williams

I got a good laugh this morning. Checking out a listing in a high end subdivision. The listing brokerage has specialized in high end listings for many years. Guess sales are getting lean.

Out of NOWHERE, their web site claims they are "The area's only brokerage specializing in REO properties." They have fewer total listings than we have REOs. We have 120 REOs and 39 in the pre-list and they have about 6 total listings and only about 2 are REO.

Is this fake it 'til you make it or just flat out lying?

Anybody else out there seeing all these "specialists" and "experts" popping up?

If they are experts, I am Supreme Commander of the REO Universe :-)

Buyers beware. Sellers beware.

Having fun in Florida.

Phil Hanner


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Andrew Monaghan
The Monaghan Group - Glendale, AZ
CRS, GRI, EPro Associate Broker

I love it, Isnt there some rule prohibiting lying in advertising. maybe they are telling the truth if the area they are referring to is their own office

Dec 21, 2008 03:34 AM #1
Konnie Mac McCarthy
MacNificent Properties, LLC - Cobb Island, MD
Broker/Owner - VA & MD "Time To Get A Move On!"

Hi Phil yes, we have one of those up here too, not a national firm, just this guy who is an ego maniac with the company in his name and all his agents have to put the listings in his he is the area REO expert... :)

Dec 21, 2008 06:13 AM #2
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices


Where the hell you get all that REO business? Incredible.

Anyway, as a "Supreme Commander of the REO Universe" you should not really be surprised by these statements, that guys make. Of course, they are not worth much. And they will always be the best and the only...

Good luck

Dec 21, 2008 05:32 PM #3
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Phil Hanner

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