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I was following some of the discussion regarding Wells Fargo and their current PAS agents.  I heard that, here in the Central Valley they had 3500 agent and that they are now down to 700 agents.  The only way you can join PAS now is if you are invited by a Branch Mgr.  They want to give like 20 to 30 REOs to one agent.  I was also told that they were going to start releasing inventory by the end of last year, then it went to Q1 - now we are heading in Q2 and I am still waiting for my call.

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I was with PAS from 2006 until December of 2009. First my company changed brokers and names so I was let go and then my Wells Fargo rep was in the process of referring me and then she was let go. She had been with them for 9 years. I guess it was meant to be. Back to square one! LOL

Do you know how many agents they have in Seattle? Do you know how to contact them to find out how to apply?


Been with them for about 3 months now, and NO such thing as a referral fee. They did reduce comssion to a total of 5% vs 6%. However I Like the fact that they don't dictate where the comssion goes. I understand from a buyers side that you are working your tails off writing offers; however from an REO listing side there is much more than just a sign in the yard that goes into earning the listing agent commission. Im looking foward to more assignments they are a Great Company to work with.
I apologize for not seeing your post until now! I usually get an email if someone posts. We have quite a few agents in our offices working REo's and none that I know are working with Wells. Tried to get on board thru a regional manager 18 months ago. He was recruited by another company and I was left with out a lead into the company.

Again I am sorry and didnt mean to not follow up on this post.

Greg G

i sure would like to get my hands on some commercial real-estate paper assets on income producing properties. the property has to be 50% occupancy up to 85%. also the property can be upside down . what i mean about that is the appraisal is lower than the property value. or the property has a balloon on it and ready for maturity now. i can be reached at i can close in 30 to 45 days.


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