Res.net asked for 735.00 for their yearly fee.I paid 300.00 last year and my membership expired. I spoke with Mandy at Res.net and she stated that you could no longer communicate with the pro membership which is 325.00 yearly , but you will have full access with the pro plus membership for 700.00 yearly. Didn't they have a premium membership at one time.
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I agree with Pedro, just do your own advertising to get the short sale business directly from the homeowner and initiate it yourself on Equator as a basic (FREE). Though, eventually you will get assigned to a third party from the bank. But you have to be one them everyday because they will try real hard to make it hard for you since they are not getting the commission they would have had if they had originally assigned it to you. Also, watch out when they change out to different services about every 6 months that you do not get lost in the system as the listing agent. The good thing is, that you don't have to pay ridiculous platform fee's and sit around waiting to be assigned a listing that generally never happens and your not going broke doing it. So my advise is KEEP YOUR MONEY and spend on the family.
Res.net has only given me BPO's so far this year. Last year I got a couple of foreclosures and a short sale so I joined up again in June. The jury is out.
I agree with Pedro. I'm so tired of being asked to pay more and more but get less business. I'm at the point I'd rather invest all that platform/pay to play money into marketing for retail business.
We have always been busy on ResNet, I know the fee is high but if you are getting business I guess you have to make the call.
By the way, if it's for your short sale business then I again, that would be where you would have to invest such as with Equator. REMEMBER in that case then those $735 are a good investment ONLY when you have more than 1 listing. Because with 4 to 6 in escrow each month then you'll not worry about paying that much. Right now that its hard and maybe just 1 in escrow you do the math and probably ends up = or -$..... I'd say then work harder and get more deals!
You can invest those $735 in advertising to get your own listings. I'd go that route if I were you. The REO business is too messy since everyone asks for a fee to use them and don't give you volume so there is no room for profit. You'd be lucky if at the end you break out even BUT then again... where's the point in that? We're here to make money and yes you have to invest a lot but have to be smart in "what" and "where"... Good luck!