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  • Neither unless your interested in exchanging war stories! Great information on the default industry but there is no one of importance to meet unless you want to meet people that retired in 05.

  • I have been a member of REOMAC for a few years.   I agree that the meetings/conferences are not very agent oriented.   The conference this month only has one class that I really want to attend.  I am going for the networking, and because I agree that everyone should go once for the experience.  I have talked to one of their officers about recording the classes and about expanding the agent related classes.  Traveling to their dinners and meetings is cost prohibitive.

  • I'd check the schedules before going to make sure there are good agent oriented sessions. I did not go to 5 Star until they were agent oriented. 

  • An REO agent should go to each one at least once. It's been years since I went. 5 Star used to be very good when you could actually network with asset managers. It got too big and the AMs would hide out. The sessions would be overcrowded. The most networking got to be with other agents. Then they formed an "elite" group with their own rallies.

     I would imagine that 5 Star is smaller again with the REO market shrinking.    I used to pay big bucks for their Redbook listing but it did not yield many more connections  than I had already had by being an early REO agent starting in 1998 and making personal connections through the NRBA.  There are also many more REO outlets online like REOPro here so some of these organizations have diminished value. 

    I went to REOMAC once in Florida.  The training sessions for agents were very poor but the networking was great. It was a small turnout because the REO market had shrunk because of the mortgage crisis but that was the reason I went. More opportunity to meet any asset managers. 

    I can't vouch for these conferences today but would still advocate for going at least once. I've been thinking I might go again just to check them out. 

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