Birthday:
April 7
"Seriously?! That's scary. Do they require General Liability at least? The problem with GL is that most of those policies exclude E&O claims."
"Jane, I'm not aware of any state that doesn't require the Broker to carry E&O for anything less than the entire office which would include every agent in that office. Most agents pay the Broker their prorated portion of the total cost either…"
"Ever since I was burned by BPO.com aka A First Valuation Company, I have always Googled and come to the threads on this site to find out if a company was legit or not before I waste my time, gas or money on some site in exchange for assets. Doing…"
"I have received a couple Old Republic (they currently have the HSBC account) and USRES listings in the past year because I was a ResNet member. I preferred the way they did it years ago; a free site, a basic REO asset platform & the upgraded…"
"Caliber still uses Equator for REO properties and ResNet for short sale properties."
"Don't pay unless you do a lot of BPOs. I had to pay it for a client and it only got me some extra BPO orders. BPOs in their system are a pain in the backside. Proceed with caution if you choose to pay it. Otherwise, keep the free accounts through…"
"Taz, Do NOT do any work for them! They do not pay!. They currently owe me almost $2000 for BPOs and inspections. It's 2 years later and they still haven't paid. You will get the run around from their accounting department and constantly have to…"
"When I re-interviewed with iMortgage a few tears ago, the rep was asking what other companies I worked with. When I mentioned Single Source, he mentioned that they own Single Source and were on the same platform. I personally don't care if they pay…"
"iMortgage is actually the parent company of Single Source. The website and BPO forms are very similar. They start out offering $40 for BPOs but like most other companies, you can negotiate a better fee. They pay their bills and I've never had to…"
"This applies to the accounts that are referred to Single Source from American Destiny Real Estate. I did send a note to ADR after my last deal asking them to reconsider their commission splits. If more of us do, they might start paying us a decent…"
"You won't get paid from any REO company for doing the BPO if you are also assigned the listing. It's part of the pre-listing preparation."
"As an update, my check never arrived. I called to follow up. It was in the 26th batch but the batch was never printed. He's forwarding my concerns to his supervisor. I'm starting to doubt that I'll ever get it. Now that Eval and IAS are done,…"
"I love Kondaur. Yes, you have to do free BPOs but they are very loyal to good agents. The key to anything is good communication. All my deals with them have gone under contract either before being listed or in multiple offers on the 7th day when…"
"Single Source is a good one to work with. Their forms are easy to follow. They pay their bills. Once in a while they have listings minus the typical referral fee. BPO fees are negotiable. You can always respond to the low ones with the…"
"Pedro, Drop Broker Price Opinion.com and IAS like hot potatoes before you get burnt. There are numerous open discussions on this site about both. I settled with BPO.com/First Valuation in Nov, writing off over $600 in what they owed me while they…"
"Equi Trax does pay. 2 agents in my office do BPOs for them if they are bored and have nothing else going on and have always been paid."
Comments
I agree, I have gotten as little as $75 after splits and corporate fees before I became a broker. PNC Bank has a new referral system where they take out $750 or higher regardless, so in many cases your commission is only $500, the gross may be $1250, but after they take out that fee, it is nothing.
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