Comments on: How Did the Banks Get Agents to Shoulder the Load? http://varealestatetalk.com/2008/07/06/how-did-the-banks-get-agents-to-shoulder-the-load/ Just another realestatetomato.net weblog Fri, 21 Nov 2008 11:12:00 +0000 http://wordpress.org/?v=2.6.1 By: cindyjones http://varealestatetalk.com/2008/07/06/how-did-the-banks-get-agents-to-shoulder-the-load/#comment-833 cindyjones Tue, 08 Jul 2008 12:04:50 +0000 http://varealestatetalk.com/2008/07/06/how-did-the-banks-get-agents-to-shoulder-the-load/#comment-833 Lauren-Since taking on paying the sellers bills violates our current listing agreement I would think our RE Board might want to take a look at the practice. Lauren-Since taking on paying the sellers bills violates our current listing agreement I would think our RE Board might want to take a look at the practice.

]]> By: cindyjones http://varealestatetalk.com/2008/07/06/how-did-the-banks-get-agents-to-shoulder-the-load/#comment-832 cindyjones Tue, 08 Jul 2008 12:03:06 +0000 http://varealestatetalk.com/2008/07/06/how-did-the-banks-get-agents-to-shoulder-the-load/#comment-832 Riley-I'm curious how this all started as well as why as agents would accept the responsibility for all the fees. Riley-I’m curious how this all started as well as why as agents would accept the responsibility for all the fees.

]]> By: Lauren Mitchell ~ Toronto Real Estate http://varealestatetalk.com/2008/07/06/how-did-the-banks-get-agents-to-shoulder-the-load/#comment-821 Lauren Mitchell ~ Toronto Real Estate Mon, 07 Jul 2008 19:36:50 +0000 http://varealestatetalk.com/2008/07/06/how-did-the-banks-get-agents-to-shoulder-the-load/#comment-821 Cindy, I read your post, then read it again to make sure I hadn't misunderstood. I'm sure there are many agents working foreclosures under this "arrangement" who must flip a coin to decide whether to pay their own utility bill or those of their listings at month's end. Can your local boards not lobby on your behalf to put the brakes on such an onerous practice? Cindy,

I read your post, then read it again to make sure I hadn’t misunderstood. I’m sure there are many agents working foreclosures under this “arrangement” who must flip a coin to decide whether to pay their own utility bill or those of their listings at month’s end. Can your local boards not lobby on your behalf to put the brakes on such an onerous practice?

]]> By: Riley Smith | Coconut Grove Realtor http://varealestatetalk.com/2008/07/06/how-did-the-banks-get-agents-to-shoulder-the-load/#comment-818 Riley Smith | Coconut Grove Realtor Mon, 07 Jul 2008 15:14:06 +0000 http://varealestatetalk.com/2008/07/06/how-did-the-banks-get-agents-to-shoulder-the-load/#comment-818 This is quite surprising. I would do practically anything for my clients, but not in this case. Especially when you are dealing with a bank, who knows if you would ever get reimbursed. Great post! This is quite surprising. I would do practically anything for my clients, but not in this case. Especially when you are dealing with a bank, who knows if you would ever get reimbursed. Great post!

]]> By: cindyjones http://varealestatetalk.com/2008/07/06/how-did-the-banks-get-agents-to-shoulder-the-load/#comment-817 cindyjones Mon, 07 Jul 2008 11:54:23 +0000 http://varealestatetalk.com/2008/07/06/how-did-the-banks-get-agents-to-shoulder-the-load/#comment-817 Susan-You said it well HOPE. I think the banks do pay in the end but in the meantime it is an agents hard earned money that is on the line. Susan-You said it well HOPE. I think the banks do pay in the end but in the meantime it is an agents hard earned money that is on the line.

]]> By: cindyjones http://varealestatetalk.com/2008/07/06/how-did-the-banks-get-agents-to-shoulder-the-load/#comment-816 cindyjones Mon, 07 Jul 2008 11:53:03 +0000 http://varealestatetalk.com/2008/07/06/how-did-the-banks-get-agents-to-shoulder-the-load/#comment-816 Julie-I was beyond surprised when I spoke with an agent who has thousands of dollars of receivables every month while carrying bank listings. I'm not willing to put out my money for a lender who has far deeper pockets than I do. Julie-I was beyond surprised when I spoke with an agent who has thousands of dollars of receivables every month while carrying bank listings. I’m not willing to put out my money for a lender who has far deeper pockets than I do.

]]> By: Susan Hilton - Texas Aggie Realtor in College Station Home Sales http://varealestatetalk.com/2008/07/06/how-did-the-banks-get-agents-to-shoulder-the-load/#comment-815 Susan Hilton - Texas Aggie Realtor in College Station Home Sales Mon, 07 Jul 2008 01:49:35 +0000 http://varealestatetalk.com/2008/07/06/how-did-the-banks-get-agents-to-shoulder-the-load/#comment-815 You asked WHY the banks don't set something up and take responsibility for their own properties - because they don't have to!!! Agents will do it for them, will take responsiblity for the debt and HOPE they get paid. You asked WHY the banks don’t set something up and take responsibility for their own properties - because they don’t have to!!! Agents will do it for them, will take responsiblity for the debt and HOPE they get paid.

]]> By: Julie Emery http://varealestatetalk.com/2008/07/06/how-did-the-banks-get-agents-to-shoulder-the-load/#comment-810 Julie Emery Sun, 06 Jul 2008 17:04:15 +0000 http://varealestatetalk.com/2008/07/06/how-did-the-banks-get-agents-to-shoulder-the-load/#comment-810 Preach it, sister! Yeah! This is the craziest business model I've ever seen. I guess as long as there are so many agents, many will feel pressured to accept whatever conditions are offered. But it's a bad long term business strategy! Preach it, sister! Yeah! This is the craziest business model I’ve ever seen. I guess as long as there are so many agents, many will feel pressured to accept whatever conditions are offered. But it’s a bad long term business strategy!

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