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Why the Wait

Posted by Jesus (Jesse) Gonzalez on September 2, 2008 at 3:15am
Here lately, it seems I have been getting the same question over and over again and that is, “Why do banks have a waiting list to become a REO Agent?” First of all, let me share some insight with you. Banks are being bombarded by struggling Realtors who are looking to make fast cash in this back to the fundamentals market. The barrage of request to join the banks REO teams has brought out every type of Real Estate Industry worker, from the novice to the experienced professional. The problem these banks are having is, they really can’t weed out the true professionals and those who are faking it. You would think that a simple interview process would cast out the lackeys however, that isn’t always the case. Simply put, the banks don’t have the resources, time, energy or infrastructure to verify all the resumes, letters of interest and voice mails pleading to be on the REO Team. In fact, the banks have had such a large share of amateur Realtors that now, most have realized it’s best to only work with those they have trained themselves or only with the REO Agents that have verifiable experience through the personal relationship with an Asset Manager or Loss Mitigation Officer. So, the waiting list accomplishes more than just allowing the bank to have a pool of possible Realtors, over time it will weed out those people who aren’t going to last on their own in this fundamental market. The bank’s prospective is, if you can’t last on your own as a Realtor, why would they ever trust you with their clients. It may sound a bit cruel but, if you stop and think about it but, it makes sense. These banks are looking for high quality, high out put Realtors, anything less is just going to cost them money and time. If you are a part time Realtor because this market has forced you to take on a “real” job, then most likely you aren’t going to be the right person to take on a REO business. Just some food for thought.
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Posted by Jesus (Jesse) Gonzalez

Jesse Gonzalez is a highly accomplished and respected real estate professional with a wealth of experience in the industry. With a career over 15 years, Jesse has established himself as a leading real estate sales and marketing expert.

As a licensed real estate agent since 2005 and a broker since 2008, Jesse has a comprehensive understanding of the complexities of the market. In 2013, he founded his firm, Liberty House Realty, LLC demonstrating his entrepreneurial spirit and commitment to delivering exceptional service to his clients.

Jesse's expertise extends beyond traditional real estate transactions. He obtained his Registered Appraisal Trainee in 2019, providing him with valuable insights into property valuation and market analysis. Although he decided to focus primarily on sales, his appraisal background gives him a unique advantage in understanding the intricacies of property values and trends.

With a dedication to excellence, Jesse consistently achieves outstanding results for his clients. Last year alone, he closed over $20 million in sales and received the prestigious Sapphire Award from his local association, recognizing his exceptional achievements in the industry.

Beyond his successful career in real estate, Jesse is passionate about education and personal growth. He is completing his undergraduate degree in Forensic Psychology, with plans to attend Law School in the fall of 2024. Jesse's ambition is to become a real estate litigator, focusing on real estate consumer protection law and advocating for the rights and interests of homebuyers and sellers.

As the owner/operator of the nation's largest social network for REO professionals, <a href="http://www.REOProNetwork.com">www.REOProNetwork.com</a>, Jesse has positioned himself as a thought leader and industry influencer. Through this platform, he fosters collaboration and knowledge-sharing among REO agents, attorneys, asset management firms, and other professionals in the field.

With a commitment to professionalism, integrity, and providing a personalized experience for his clients, Jesse Gonzalez is a trusted advisor and a driving force in the real estate industry. Whether assisting clients with buying or selling properties, he consistently goes above and beyond to exceed expectations and ensure successful outcomes.

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