The other day i received an email stating this company found me online and wanted me to list an REO home in the area. Of course i said yes and went and did the occupancy check as it was due in 24 hours.
While on my way there I get a second email from the Asset Manager introducing herself and stating my commission would be 6%. I'm thinking OK, that is great until i read the break down. 1% goes to them (which is illegal because they do not hold a real estate license), 3% to the selling agent and 2% to me.
Really??? I do the marketing, pay the utility bills with my own account which drys up that money until they reimburse me, I have to do Monthly Status updates, showings, meet contractors out there, order the trash out, take updated pics and the list goes on...as I am sure you are aware.
How the HELL do they get off treating us like we are just useless...that someone who drives up, opens up the combo and lets in a buyer deserves to get paid more than me (who also has to pay for marketing.)
I told her I will split the 5% commission with the selling agent 50/50 and she says....she has the BALLS to say to me....are you ready....
There are thousands of you out there....take it or leave it!
Really...because our team's marketing budget is 3 times over in the Six Figure range....we sell the most homes in the region and I have successfully closed over 250 REO homes in the past 3 years.
Where the hell do banks find these low class, useless, money hungry jackasses to manage there assets? Why dont they just cut them out and hire us directly...To be honest it would be easier for me to come into work every day knowing i have control and dont have to deal with these asset managers who are on a power trip!