Comments on: Fannie Mae rule limits brokers’ ability to list REO properties, KW responds

By: sergio salazar

sergio salazar — Wed, 02 Feb 2011 18:02:55 +0000

Fair is fair. If newer agents are doing a good job with their existing listings they should be given more. However, it is also unfair to give one single broker 250 listings. This is completely anti-competitive and ripe for fraud. Many of these agents/brokers that have 200+ listings have no idea about what is happening to their properties and cannot truly be the “eyes and ears in the field” for Fannie Mae, or any other bank for that matter.

How is it that one agent in a particular city gets listings 50-75 miles outside of the supposed “20 mile radius”? These sort of shenanigans that bigger brokers engage is unfair to smaller agents that do things by the book. If the playing was level Fannie Mae would get better service from all of their agents.

By: Karen Davis

Karen Davis — Mon, 31 Jan 2011 01:25:07 +0000

Why not limit them to ten FNMA listings? That’s enough. The agents they’ve been using are idiots who can’t return a call, have never been to the property, absolutely have NO involvement in the actual transaction and give real estate brokers a bad name. I do not weep for them. If Fannie is smart, it will take every single new applicant currently in their pipeline for interviews and SHAKE THINGS UP.

By: Lance

Lance — Wed, 10 Nov 2010 01:07:24 +0000

Waah, KW is crying to only keep lisints so they make more money. the truth of the matter is any bonified RE agent can list an reo, there may be a few other documents and the bs kw is saying their agents are PRO’s? Really, are they putting down others that dont care to list fnma properites. Thank god I for my Senators in WV i wrote to them as a veteran and was tired of the BS run around I got. Last week I was approved and FNMA just fwd to me 4 listings in two days. Sorry to you others whom have ridden so long with 80 listings you will be down to five and its time to share work with the rst of the agents. Such greed in KW.

By: Tina Liberty

Tina Liberty — Wed, 06 Oct 2010 21:00:47 +0000

You certainly do not have my sympathy, please do not try to change any new policies on my behalf. I called an agent yesterday regarding a FNMA listing she had, she was very short with me and said how am I suppose to know, I have 264 listings. I asked if she has seen the property, she said no, she does not see any of her listings. I think 30 listings per Broker is fair, it will give all the Brokers a chance to make a little money in these bad times.

How can you tell me that these REO Realtor are doing a good job for FNMA if they don’t even take the time to see the properties they are selling, and they have no idea what the properties look like, never mind what they are worth. I think FNMA should put a limit on how many listing each Broker/Agent should have, it will give many more Broker/Agents a chance to make a little money in these bad times. Why should only a few chosen agents make hundreds of thousand of dollars while the rest of Realtors are not doing well at all.
Go FNMA I am all for this new policy.

By: AgentGenius

AgentGenius — Sun, 01 Aug 2010 01:41:28 +0000

#agnow I've seen good and bad agents on both sides of the transaction spectrum. I think the focus should be on remo... http://bit.ly/bJ6yjG

By: Anthony Rueda

Anthony Rueda — Sat, 31 Jul 2010 21:41:27 +0000

I’ve seen good and bad agents on both sides of the transaction spectrum. I think the focus should be on removing bad agents no matter how many listings they have. How it can be good for our business to allow some agents to have 50 or 100+ listings? I don’t go along with the argument that high volume agents are better and low volume agents are inexperienced. FNMA should enforce their own rules.

By: AgentGenius

AgentGenius — Sat, 31 Jul 2010 20:17:01 +0000

#agnow If it was designed to curb the abuses, then abuses are likely endemic. "High volume?" Really? Where? "Low Ma... http://bit.ly/bJ6yjG

By: Pete

Pete — Sat, 31 Jul 2010 14:57:12 +0000

If it was designed to curb the abuses, then abuses are likely endemic. “High volume?” Really? Where? “Low Margins?” Well then why bother? “Critical to re-establishing stability?” For who? Didn’t the NAR lobby government for the tax credit extension? You got more than stability …you got gains. Show me the arguments that support stability over corruption.

By: Wenceslao Fernandez

Wenceslao Fernandez — Fri, 30 Jul 2010 20:18:09 +0000

Fannie Mae rule limits brokers’ ability to list REO properties, KW responds http://lnkd.in/PavqQK

By: AgentGenius

AgentGenius — Fri, 30 Jul 2010 20:13:07 +0000

RT @MagnusRHellberg: @agentgenius Fannie Mae rule limits brokers’ ability to list REO properties, KW responds http://bit.ly/bLXgjN