Replies to This Discussion

Permalink Reply by Nina Jihee Bonan, CDPE on May 21, 2010 at 12:53pm

I got called "Platinum Certified" . No benefit so far. Don't waste ur money.lol

Permalink Reply by Sam Purtle on May 21, 2010 at 3:36pm

I agree - why waste the money...

Permalink Reply by Kynse L. Agles CDPE on May 21, 2010 at 7:40pm

I have been certified for over 3 months, and I pay for zip codes. Only to find out a local office (a much larger firm than I work for, actually the firm I used to work for) get all of the B of A listings. Sometimes they post BPO's and I have not been fast enough to accept any yet (even from my blackberry). So far NOTHING from the $499 certification and $32 per month that I pay for my zip codes. It is still all the same agents getting the listings.

Permalink Reply by Anna Boyd on May 23, 2010 at 11:17am

I've got one for you. How about a BPO being listed as available and accepted by an agent 2 minutes before time it was posted?
Kynse L. Agles said:

I have been certified for over 3 months, and I pay for zip codes. Only to find out a local office (a much larger firm than I work for, actually the firm I used to work for) get all of the B of A listings. Sometimes they post BPO's and I have not been fast enough to accept any yet (even from my blackberry). So far NOTHING from the $499 certification and $32 per month that I pay for my zip codes. It is still all the same agents getting the listings.

Permalink Reply by Enrique Vasquez-Plaza on May 29, 2010 at 2:09pm

Well, I paid the monthly zip code charge to be "shown" to Lenders. No success after 3 months.
Thinking very seriously about the 700 to be Short sale and REO certification. After hearing what I've heard... I think I may just wait...
It's an important investment, I wish Equator, would really give value to the cert, so lender rely on it to call you up...

Permalink Reply by Wendy Rulnick on May 29, 2010 at 2:12pm

That is pretty suspicious Anna!

Anna Boyd said:

I've got one for you. How about a BPO being listed as available and accepted by an agent 2 minutes before time it was posted?
Kynse L. Agles said:

I have been certified for over 3 months, and I pay for zip codes. Only to find out a local office (a much larger firm than I work for, actually the firm I used to work for) get all of the B of A listings. Sometimes they post BPO's and I have not been fast enough to accept any yet (even from my blackberry). So far NOTHING from the $499 certification and $32 per month that I pay for my zip codes. It is still all the same agents getting the listings.

Permalink Reply by Terry L. Osburn on May 30, 2010 at 10:28am

I took the GOLD training. Absolutely no benefit from becoming certified. I dropped the zip codes. There are some agents who have some type of automated ability to capture the leads before they hit the overall population. It is much more than having one sit and hit refresh a million times an hour.

Equator denied they allow such but as stated by one party below the lead was gone before it hit and I was on equator at the time at 3AM in the morning checking out one of my short sales. They stated if they found agents using the automated system they would drop them but I really do not think that is happening. I gave them a few examples of what I encountered.

BofA stated at one of their seminars recently that you only have to sign up on the free session so you can enter and work with their short sales etc. They do not give any additional creedence to the certification.

It was informative training for the website itself. In terms of giving any edge in obtaining leads etc....or being recognized by the banks and lenders ...NADA

Permalink Reply by Terry L. Osburn on May 30, 2010 at 10:56am

One additional thing........Some of the asset managers and lenders are looking for certifications......in that sense it may be a benefit .........leads from equator itself I have not found......early on in the game it may have been more prevalent to gain leads. But to contact an asset company directly by showing certifications will certainly be a big boon. Since Short Sales will be around for at least another 2-3 yrs....
BofA just stated having the certification means nothing to them. Being signed up on the equator as an agent to upload and work out the short sales is a must. BofA has no financial interest in Equator. There apparently will be more banks and lenders using equator in the near future.

Terry L. Osburn said:

I took the GOLD training. Absolutely no benefit from becoming certified. I dropped the zip codes. There are some agents who have some type of automated ability to capture the leads before they hit the overall population. It is much more than having one sit and hit refresh a million times an hour.

Equator denied they allow such but as stated by one party below the lead was gone before it hit and I was on equator at the time at 3AM in the morning checking out one of my short sales. They stated if they found agents using the automated system they would drop them but I really do not think that is happening. I gave them a few examples of what I encountered.

BofA stated at one of their seminars recently that you only have to sign up on the free session so you can enter and work with their short sales etc. They do not give any additional creedence to the certification.

It was informative training for the website itself. In terms of giving any edge in obtaining leads etc....or being recognized by the banks and lenders ...NADA

Permalink Reply by Stephen Shafer on June 1, 2010 at 11:46am

I am not certified by Equator as I believe it is part of the on going marketing scheme by Equator (Reotrans) to make more money off agents without producing anything. After one month on zip codes I canceled no results, I think it is a scam at worst and a waste of money at best.

Permalink Reply by Armando Serrano on June 3, 2010 at 12:02am

I believe those individuals are using a $400 application called "Auto-Accept BPO". I was only able to snap one BPO order in the last 3 months, paying about $50 a month for my coverage area...

Anna Boyd said:

I've got one for you. How about a BPO being listed as available and accepted by an agent 2 minutes before time it was posted?
Kynse L. Agles said:

I have been certified for over 3 months, and I pay for zip codes. Only to find out a local office (a much larger firm than I work for, actually the firm I used to work for) get all of the B of A listings. Sometimes they post BPO's and I have not been fast enough to accept any yet (even from my blackberry). So far NOTHING from the $499 certification and $32 per month that I pay for my zip codes. It is still all the same agents getting the listings.

Permalink Reply by Jeff Payne on June 3, 2010 at 1:07pm

Being equator certified will not necessarily get you REO or short sale business. Remember that Equator is just a program that the banks use, they do not have anything to do with the actual assignment of properties

Permalink Reply by Stephen Shafer on June 8, 2010 at 10:18am

Do not waste you money, Reotrans ie Equator is trying to double down on making money from both realtors and the bank.If enough realtors refuse their con maybe they might get honests with the system

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