Subscribe to Answers
You will not. It is a PLATFORM not a lead generation site.
To get listings you need to be approved by different lenders.
YOu also need to buy zip codes like $10/mo/zip. It is one of a platform(s) for sumbitting short sales which you need to pay.
97% agents who signed up do not hear or get any leads.
I got 1 REO listing after 5 years. Very few agents get leads.
San Jose, CA
REO's make you use the system but I've never gotten anything from it. My short sales use it also.
I think if you are looking for leads you've got to get direct with a bank. They of course just want you to pay.
Bob "RealMan" Timm
Candice A. Donofrio
Fort Mohave, AZ
This would make for a good blog.
It doesn't get much better. I don't use it anymore.
I didn't know anything was really going on anymore on equator
Never heard of it, at least not for Realtors.
If you are doing short sales it's great.
I used it a couple of times but they made me jump through to many hoops for to little money Maureen Kelley
You mean for a lead generator/business builder? No.
We've used Equator for short sales . . .
No, I don't
I have not, but I get good results on AR.
Save your time and money. I stopped using it when B of A started to try to sell premium services.
I've been on Equator for many years. They have never utilize my services but are a good platform for short sales in process.
I am not familiar with this product.
Don't use them anymore since I stopped working Fannie Mae leads...I hated it.
Maureen Kelley Michael Thacker | Realtor | Real Estate Professional Louisville, KY Homes for Sale & Marketing
I think it's a decent way to get in front of banks but you are about SIX years too late. Unless of course your area is still hit with foreclosures and shorts.
Equator (which used to be REOTRANS) is a platform to manage REO listings and Short Sales. When the foreclosure crisis hit, ReoTrans was a key site for agents that wanted to get in front banks and get their listings. Banks that used the site actually required you to join if you wanted to get the listing or manage the short. Bank of America for instance use to run all of their shorts through Equator and I believe the still do. I did well over 100 reo's & shorts using this platform from '08 to '11. When I first signed up with them the cost was about $295 per year.
We did for Short Sales.
Anyone? Yes, I imagine but I am not.
Others have answered the question.
I doubt if anyone looks at your profile. It's mainly used for processing short sales, bank owned, etc. It's not really a promotional tool. Equator was sold to Altisource, but I suppose it still functions the same way.
And good morning Maureen Kelley . I have never heard of it.
I used it only for short sales negotiation, so I'm not familiar what else you can do there.
Maureen Kelley - never used - though heard good things about it.
Wondering if there are any more short sales around the country...
I have never gotten business from there. I've used it for reos and short sales, but never thought it would bring me business.
HI, Maureen...What are you hoping to get out of equator? I'm signed up, but that's only to help with short sales and when I get bank owned listings. I quit paying for zip codes with them several years ago. That didn't do anything for me.
I haven't used Equator in several years. I don't list REO's and foreclosures are few in my market.
The idea is that REO asset managers might see you and want you to do list their properties. When you use the system for a transaction there is a fee paid to Equator that is charged to the agent or to the buyer. I don't do REO's anymore.They are not worth the time required for such little pay.
I have not used Equator. I just did a short sale representing the buyer. I didn't need it.
I only have to deal with Equator when working short sales, where I am representing the buyer. I will not list a short sale as the listing agent.