The N.A.R. has a thing called ‘Center for REALTOR Technology’ which apprarently has been on a 14-month journey to find the most inspiring agents who use technology:

Fifth on the list of ‘Pioneers’ is the guy who took a swipe at me the other day, noting on his blog that I was complaining about getting REO listings.

Seeing him on the list reminded me to explain the process further.


Remember this one?  It finally closed!

4773 Sequoia, Oceanside

Assigned to JtR: 9/12/08


Determine occupancy

Offer cash-for-keys, which the tenant first accepted, then declined.

Evict tenant.

Manage his ‘personal property’ (junk) left behind.

Put utilities in my name, and pay for them until after closing.

Obtain repair quotes, and make sure work is completed satisfactorily.

Complete two BPOs (broker price opinion).

List property for sale at $179,800, which was $20,000 under my latest BPO.

Field and manage 19 incoming offers and related calls and emails.

Issue 19 highest-and-best counteroffers.

Field and manage the returning counteroffers.

Help pick a winner, at $235,000.

Meet appraiser, and beg for mercy.

Explain in writing why appraisal came in at $218,000 (5 recent comps within $5,000 0f $218K)

Read and respond as needed to 257 messages on the system.

Follow-through to closing, which it did on 9/2/09, almost a year after assignment.


We have plenty of help to complete these tasks, so there’s no problem doing the work. 

When I was complaining the other day, it was only because I’d like to occasionally get assigned a local high-dollar REOs, in exchange for travelling around the county selling the cheaper mold farms and crack houses.

For example, remember the RSF house featured here a few days ago?  The listing agent represented the buyer and seller, which means he was paid 6% on $2,090,000.   I’d just like to see one of those come my way. 

In the meantime, I’ll quit complaining.  I don’t want high-powered, award-winning realtors to think I’m not grateful, because I am – I love listing REOs!

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