If you are new to REOMAC Convention you should know that there are people that may take advantage of your "naivete" ( excuse my french). You should know that the Asset Managers are not wearing badges and are not too friendly either.Beware of friendly Asset Managers!!.Most of the companies have No Assets, some pundits are there because are looking for asssets like just yourself, some looking for jobs. Don't fall to called "experts" that will tell you the secrets to get into REO business and charge you a fee for that. Don't bother to attend their side shows! Remember !LADIES BE LADIES! Share your experience with agents that are outside of your geographical area, they will let you in their network. Agents are sincere and honest people some AM too, behave like a professional, enjoy your stay and network with the right people.
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I would like to also mention the companies that charge a fee to become one of their agents. I know of one company that charged a $200 fee and sold membership to 30,000 agents - that's $6 million that they gained.. Guess what, they never acquired any assets.The contracts state that it isn't a guarantee to receive assets. Every conference I go to I still see the gentleman there. I think he goes to save face.
There are also many companies that try to reach you how to get REO business or laid off asset managers that want to collect a fee to get you business. That's their business and how they make their money. I actually know someone that tried this technique, unsuccessfully, was charged a consulting fee, and never received an introduction to a new REO company (that was promised)
I go to the conferences to get to know the other agents and asset managers. If you go to more than just one conference, you will eventually make some good contacts. The asset managers are people just like us and deserve respect.