REO Pro - Real Estate Default Professionals

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From the Blogs and Forums I read and the Agents I talk to, it seems most Realtors consider themselves either a Listing Agent or Buyer's Agent. Of course that isn't any different than it has been in decades of Real Estate Markets. BUT today's Agents seem to narrow their category down even further to a REO Buyer's Agent or a REO Listing Agent. That is the Market. There are hardly any Vanilla Sales out there to be had, so we are REO Agents.

If you sit down with a group of "REO Buyer's Agents" you will hear a plethora of gripes about "REO Listing Agents"; they are selling everything 'in-house', they are purposely trying to drive up the offers, they make the requirements for submitting an offer 'too hard', they NEVER answer their phones....And the list goes on and on.

On the other hand you have an entire set of complaints from the "REO Listing Agents" about the "REO Buyer's Agents"; these dumb Agents can't follow directions, how dare they call me on the phone as busy as I am....

You know you've heard these may have even said them! LOL

Personally, I guess I can see each side as my Partner and I have tried to stay diversified. I spend the majority of my time focusing on REO's, my Partner is a great Networker and works with Investors, we have a wonderful Buyer's Agent, a terriffic short sale negotiator and of course our Transaction Coordinator who none of us could live without.

Maybe I'm just being sappy with the holiday this week, but we should all be thankful for eachother. If there were no Buyer's Agents, the Listing Agents wouldn't have multiple offers on all their properties. If there were no Listing Agents, I guess the Buyer's Agents would be looking for a new career.

So as you give thanks on Thursday, remember to be thankful for that REO Buyer's Agent who just can't seem to get an escrow check made out in the right Title Company's name, be thankful for that REO Listing Agent who you aren't quite sure exists because no one has ever actually talked to him on the phone or seen him in person. Without them, we'd all be working some boring job.

Happy Thanksgiving!

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Comment by Beth Ross on November 29, 2009 at 6:11pm
You couldn't have said it any better! Thanks for putting it out there for us to comment on.
Hope you had a Great Thanksgiving. Yes we do have a lot to be thankful for!!
Comment by Jan Baron, RDCPro, CSP, BPOR on November 26, 2009 at 4:59pm
Thanks Leslie, So true, I occasionally need to remind another agent that we all want the same sell the house! Let's be thankful that we are still in this business.
Comment by Jose Rivas (DGRA) CDPE, SFR on November 25, 2009 at 7:02pm
I can't agree more with the love in this tread, we need to get along, it is true that we are competitors and we have to stay on top of our game, but there is no reason to act like enemies, after all we always have to co-op with other agents, and we need to understand that to have a successful transaction we all have to work together to meet everybody's goal.
Lets enjoy and celebrate the Holidays, and keep in mind all those families that have lost their homes, and those who are having a hard time keeping a roof over theif heads.
Happy Thanksgiving.
Comment by John Accornero on November 25, 2009 at 1:49pm
Actually we should just have one big convention together...things are different when you can put a face with a name...I think we respect each other more. Happy Thanksgiving to all

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