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Foreclosure market can represent opportunity, liability

Inman Community Roundup

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Editor's note: The following is a collection of reader's comments found on Agents between 'rock and a hard place' with REO listing agreements Lenders stick agents with REO liabilities "Anybody who has handled a foreclosure knows the listing agreements are completely one-sided. But in this market, the agents and brokers have no choice but to sign them as they exist or forego the revenue stream that foreclosures represent. The banks will not give you the listings unless you sign the agreement. "Try to change it and they will give the listings to someone else. And there are plenty of other agents more than willing to sign anything no matter how one-sided it is or how much of a liability it could become. "And in some markets where foreclosures represent 50 percent or more of the marketplace, choosing not to list foreclosures could be financially devastating. Once again, agents are stuck between a rock and a hard place. The rock being the bank an...