I own Exit Realty Metro Dallas,Texas. Many of my agents are interested in our present Reo market. One of my agents was talking to me about it the other day. She was very conflicted, because she was gearing up to be very active with Reo's,but did not want to be compared to the Reo Agents that were already very involved. She felt that a monopoly of Reo Agents had been formed,and that these same agents during normal market conditions were second string agents who did not mix well with the agent population at large. Her three biggest concerns were that her analysis of the present situation taught her these critical points. First that it took at least twice as long to sell an Reo Property, because the present cast of characters lacked in people skills to get the job done timely. Secondly that service to her clients was most important to her,and that if she was an Reo agent she would be compared with the present cast of characters. Finally that if somebody did not break up this present monoply and divide these assets evenly amoungst the present real estate agent population, that any hope for a timely economic recovery was not likely.
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