Residential REO volume has gone down significantly because of the ROBO fiasco and doing workout loan mods in pre-foreclosure and short sales.There is a difference between a commercial OREO broker and a residential REO one.Residential many REO asset companies have just a few assets trickling in for the amount of agents that have applied.So these companies charge computer platform and system fees and mandatory training sessions and bilk the agents out of what little cash they have.The net 45 days is also not true in many cases.They are supposed to pay in 45 days but many times delay payment for 2 months or longer.This makes the banks or asset companies float interest free loans using and abusing the reo brokers/agents.Then too add insult to injury they take a 1 percent fee off the top with only a 2 percent payout afterwords.Sometimes the bank will start the listing price high even though the listing brokers opinion doesn't agree with them.Then they re-assign to another agent and take a mark down and you are still chasing the bank to pay you the costs incurred with the listing.What you don't have on the reo listing side is CONTROL.Some of the big REO companies HAVE TO sell hundreds of properties a year with volume or they actually LOSE MONEY.For this reason many of my friends have gone to the pre-foreclosure side which is what I work on the commercial side more.Since I work with the borrower the bank has to deal with me to close a transaction versus trying to get into a "good ole boy" network where a company might have a 50 year relationship with a bank already.You can't focus on what you can't control but just take advantage of the opportunities that present themselves and capitalize on them.

If that were the case, taking a small piece off the top end might net you more in the long run if it means selling in volume and quickly.

Considering our immense  track record in the Cleveland, Ohio area and being the largest volume renovation loan contractor in our region, we deal with many clients who have experienced failures and required us to come in and complete, because the contractor was not capable of managing the administrative and financial burden these projects require.  

Maybe that’s the reason your agent can’t keep up, you’re probably his highest volume offers with lowest chances of getting a deal done, in short he might be making $10/hr off of you while he makes $30/hr on his other clients.

I would definitely need to see more volume of my guests, higher rental rate, or the development a system to reduce my efforts.

What volume of deals is he doing?

@Desirae Putzier the typical commission paid for someone who is not doing a large volume of transactions is 6% - 3% for the buyers agent and 3% for the listing agent -  paid by the seller in most cases.When getting started as an investor, I believe your agent should be making the full amount as they offer a lot of value to your transaction.

Some Brokers, are going to have heartburn about that, and others will be perfectly fine. 

Once you start bying more volume the prices will come down and they will do more favors for you.

If you start to make a volume business out of your acquisitions and you ever end up with a couple of employees I'd recommend shifting over to salesforce.Let me know if you need anything else!