referred to me by SingleSource who gets 1% of a 6% commission buyers agent gets 3% listing agent gets 2% and then pays 25% of that to American Destiny. Sounds like Green River
Have any of you ever worked with American Destiny?
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I was just shocked by this. I knew of the 1% to Single Source, which is a Company I love. I've done both BPOS, and REOS in the past. Which have been 2.5% to buyer Broker and 2.5% to Listing Broker plus a refferral fee of 25%. Which is really double dipping. On top of that you have to pay ResNet to join. Last year I paid ResNet $700 to just get listings from Single Source. I received 0.........So, $700 down the drain. I don't know about you guys, but I'm TRIED of being disrespected!
I'm just saying, we have the same bills as everyone else, and work hard at our careers. Anyone agree?
I believe American Destiny is a subsidiary or affiliated of Single Source and created so they can get 2 referral fees!
I work for them. If you have an asset that sells quickly, it can be nice. If it's overpriced, and most of them are, it becomes a losing proposition. Will I continue to accept their assets? Yes...because most of what they give me in my territory is higher priced. I've worked for them several years and for the most part, good relationship. You do, however, have to be active in their bpo's on the Single Source side and do them for them. I've been able to negotiate their fees too when they have tried to drop them on me. They take 60 days min to pay reimbursements and bpos.
I only know American REO Services.