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What Asset Companies look for when considering an agent’s track record?

What Asset Companies look for when considering an agent’s track record?


I have found that when working with asset managers, I have implemented some of these tips. And they help me to have a better working relationship with the asset manager. Can anyone think of more?



1. What is the DOM Average of the agent?


2. What percentage of sales are co-op sales with other firms? a. It should be in the very high 90’s – i.e. 97 – 98%


3. Does the agent have a good track record of finishing tasks before schedule and/or on time?


4. Does the agent communicate in a timely manner?


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Comment by Alain Thillois on May 25, 2010 at 11:29am
Here is a situation I have been told should not affect our rating. Offer received at 103 % of listing price but appraisal came back at 97% of listing price. Appraisal was completed as HVCC guidelines and seller did not want to challenge appraiser. Too bad because the initial offered price was actually my initial BPO. The property was located within excellent location while comparable submitted by appraiser were nearby freeway and still within the HVCC guideline ! What to do ? I though we were here to sell at the highest value.
Comment by Maria Nunez on May 15, 2010 at 10:55am
Hi there,

I'm currently working with an REO company and yes, you're right deadlines are extremely crazy. Those MSR's driving crazy and BPO's. Although, I'm still looking to work directly with an asset mgmt company. Any ideas to start.....
Comment by Rose Mencia on May 15, 2010 at 10:05am
9-Not completing property checks/visuals on properties every week.
10-Not date-stamping your fotos.
11- Not validating your incomming offers-(Maintaining higher % of sales that dont close.)
12-Not submitting your billing in a timely manner.
13-Not attaining bids as required
14-Not filing a police report when there has been an incident at a property.
15-Giving them attitude when the a/m says or requests something stupid- ( lol )
Comment by Angela M Kniep, CDPE,GRI on May 14, 2010 at 10:14pm
8. Not emailing your asset manager questions the REO agent should know.

add on # 5 --BPO's done professionally using the correct terms
Comment by Ramez Malki on May 14, 2010 at 4:10pm
5. BPO to sold price ratio (97% to 103%)
6. Completing monthly status reports on time.
7. High CFK success ratio

that's all i can think of for now.

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