I just received 2 listings from them, after doing proof reading on the listing agreement. I see that they would like me to give back 1% as a referral fee....Has anyone worked with them? I would appreciate any feedback... Thanx
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Unless you list a property directly from the bank you will always pay a referral fee to the asset management companies. Asset management companies get paid by those fees and the reason why these companies are so popular is because most banks do not want to hire so many people that they will later have to layoff when the reo's disappear.
I have never worked with Carrington Mortgage but I currently have a listing for Atlas REO and they require a 1% referral as well. So it's not unusual for some companies to ask for this.
Ellen Mitchel > Kristy BakerMarch 13, 2009 at 4:35pm
Replies
How do you apply to get REO listings from Atlas?
ellenbithell@remax.net
Thanks in advance, !
I was wondering what it took to get on with Atlas REO?
Thanks in advance