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Hi i just got this email from that company KONDAUR they like me to do 3 CMAS For free but i dont understand how to proceed and where is their data base?PLEASE ADVISE

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I've done many CMAs for them, also list some properties..... they good to work with.

Just do your CMA like a normal BPO. Submit pictures and comps with agents information(mls agent printout sheet)

Thanks Vitaliy but can you help me with what the email meen when its say KONDAUR 

associates to preform CMAS how can i get those CMAS?
please email me at mariannami@johnlscott.com
I ve done over 30...... no listings yet...... I dont think I'll do too many more.... they advised me that they have realtors that have done over 100 w/ no listings......... uh----- nope, I wont be one of them....... its a pot-shot.....but I dont believe they wont pay once you do get a listing........just make sure everything is legal.... they get "dis-oriented" sometimes....... lol, just a note.....
Thanks

Just closed a Kondaur last week. Nice group of people, and they cover all utilities and lawn/snow care.

BTW, I did only 1 BPO for them in the past and not the listing. Since I have listed this I have been asked to do 3 other CMAs pro bono, and have been happy to do it. Maybe it depends on the amount of agents in the area.

I was also told they prefer to work with the Boker Owner of the office, (I am) if that helps, I was also required to add them to my general liability policy in addition to E&O

I did get called by Kondaur to list a home and it sold quickly.  Six months later I received three calls in a row.  You are at the top of the list and we need 3 CMAs done.  They sent an e-mail stating that if they decide to list you would get the listing.  I completed before due date, and asked if they received everything.  One responded back yes thank you.  Guess what no listings.  Next time I am asking a lot of questions.  I am not working for free just to possibly receive a listing.
Just a thought, but in the cases where they require two or maybe more BPOs, do you suppose they tell everyone that does one they may be able to get the listing?  I did many of the free ones for a company a year or so ago with that carrot dangling at the end of the stick and never got a listing.  I quit doing them when they started sending out the listing/addresses with an email something to the effect to confirm it would be done on time.  They sorta bypassed my accepting the order. 

Hi Meir,

 

There are several blogs about kondaur on this site that will help you understand how they operate, take the time to go through the archives.

 

I have been working with them for over three years now and they are good to work with and up until this summer my average was for every two CMA's I did I got one listing.

 

In October they they  were working on multiple pools and I had 15 different asset managers call me for CMA's all started with the introduction that I was a prefered broker in their system and asset mgr's had recommended me, I did......I think 17 over a two week period all for free as always. So far out of the 17; four are assigned to me so far and if they win more in their pools I will get more. Even if I don't the four properties add over $1 million to my inventory.

 

These are unlike other REO's in the fact that there are no out of pocket expenses or referal fees that I have with all my other asset companies, they pay a standard 6% or if I get both sides 4 1/2%.

 

So if I take just this scenario and just get the listing side, $1 mil x 3% = $30k. Thats $1764 per BPO. Corelogic at $45 per BPO is $765 for 17 with no chance of getting the listing.

 

The 2nd opinion BPO's that they get are not always from other competing agents, they use Clear Capital to get a second opinion and they pay for it. 

 

I think their business model is good and there are no registration fees.

 

I do feel bad for the folks that have done CMA's and not got any listings yet

Thanks for all the details .
Great company.

I signed up with them, and they sent one request for a BPO, which someone else got before me.  Since then, I have heard nothing.  Should I sign up again?

 

 

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