Comments on: Foundation of Business Model Arguments Subject to Earth Fissures

By: How To Evaluate A Real Estate Franchise | Why EXIT Realty International?

How To Evaluate A Real Estate Franchise | Why EXIT Realty International? — Fri, 20 Feb 2009 16:44:49 +0000

[...] Foundation of Business Model Arguments Subject to Earth Fissures (agentgenius.com) EXIT Realty Industry Leadership [...]

By: Paula Henry

Paula Henry — Wed, 14 Jan 2009 10:24:01 +0000

Jonathan – I guess the lack of “business” model in the REO industry is a universal practice. These transactions have always been the worse for me. Never mind, the number which have been broken into, copper scrapped, A/C gone – it’s ridiculously funny to call these people asset managers.

It also shows, at least independently, one must have a business model for themselves. One of pride in their work and dedication to their obligatory duties to their client.

When the market changes and it will, they will not have a business to speak of. Their reputation will be tainted.

By: Ken Brand

Ken Brand — Tue, 13 Jan 2009 02:02:25 +0000

Brimmed up with hot shots and insight Jonathan.

Variations of old, new and in-between themes, in the end, if it’s skewed towards the broker, agents leave, broker goes broke. Skewed toward the agent, broker eventually goes broker, agents leave in search of new host. And on and on and on.

My guess for the future: Balance plus the X factor. X factor = leadership, execution and imagination. (If one of these three is missing > Fail)

When, where, who, how and when, like you say, ” a guess is a guess”.

Thanks

By: Jim Gatos

Jim Gatos — Mon, 12 Jan 2009 23:37:34 +0000

Very very smart and “in your face with blatant honesty” post… I had 4 reo sales (I was representing the buyer) and only one was a “Normal” sale. The others? I dealt with the biggest JERKS I ever dealt with, one agent didn’t do a THING. As far as I’m concerned these banks get what they deserve when they hire “Ass”-et” management companies to do the job; most of these “Ass”-et” management companies collect hefty referral fees from the listing agent. Serves them right!…

Sorry, just venting. At least they don’t seem to be “skimping” on the buyer agent’s side, and they shouldn’t. Someone has to do all the running around!

By: Lisa Sanderson

Lisa Sanderson — Mon, 12 Jan 2009 22:33:27 +0000

I always wonder if some of the foreclosures would sell for more money if any effort was spent in the marketing of them. Do the banks really only care about the paperwork they require being done, or is there some interest in minimizing their losses? Don’t REO agents have fiduciary duty to their bank clients, too? Just random thoughts….

By: Marvin Jensen

Marvin Jensen — Mon, 12 Jan 2009 21:28:50 +0000

Jonathan,

All good points.. When the watering hole dries up, the sheep go to another watering hole. Simular to the 2600 agents that left the Salt Lake Board of Realtors this month. Sitting at home waiting for the phone to ring… doesn’t work any more.

I think a lot of discounts brokerages will be next.It’s hard to keep the doors open for $495 a transaction, when your transactions are half what they were.

By: Mark Eibner

Mark Eibner — Mon, 12 Jan 2009 21:16:42 +0000

we're at it again Foundation of Business Model Arguments Subject to Earth Fissures: Get out of .. http://tinyurl.com/a893fr