Retail Chatr

I received an email from someone at the CCIM Institute this morning to let me know that others have been questioning the merits of the Commercial REO Brokers Association (CREOBA).  Apparently several people have been wondering just what the CREOBA organization is and whether or not they have any credibility whatsoever.  Since I found out about CREOBA I have been scratching my head wondering how these guys think they can start an organization that is going to create a set of standards, rules and regulations and impose them on an unknowing 3rd party (banks/lenders).  I seriously doubt the commercial lenders out there care if you use a CREOBA approved purchase and sale agreement.  I would think that qualifications, track record and ability to perform would carry a bit more weight than whether or not one has a video posted on the CREOBA website (this one is my favorite).  At least Ray McLain can keep pocketing those $995.00 registration and $125.00 monthly membership fees.

Here is the content of the email which was sent to me this morning (emphasis mine / personal information redacted to protect privacy):

Mr. Rodriguez,

This message that went across CCIM Mailbridge today may be of interest to you. Enjoy.

Networking. Education. Technology.
XXXXXX XXXXXXXX XXXXXXXXXXXXXX	CCIM Institute 430 N. Michigan Ave, Suite 800 Chicago, IL 60611-4092
XXXXXXX@ccim.com www.ccim.com	tel: XXX.XXX.XXXX
Register for a Course	Join the CCIM Institute

From: CCIM MailBridge [mailto:noreply@ccim.com] On Behalf Of XXXXX XXXXXXX, CCIM
Sent: Wednesday, July 22, 2009 9:54 AM
To: XXXXXXXXXX@ccim.com
Subject: [CCIM GEN/OTHER] Commercial REO Brokers Aaaociation

CCIM MailBridge General Message Monday of this week I posted a notice on this venue asking if anyone has heard of the Commercial REO Brkers Association . I reccieved upward of 30 replies with many asking to get back with  an over view to the answers I got back . I will try and put this in a order that relected total opinions. 1) Majority did not know anything about the organization. 2) Those that attended the meeting , thought that the whole issue was overpriced and in our market now it makes more sense to cultivate our own leads. 3)Only one person said he gave it a try and thought for the cost,of it, he had nothing to lose,but has no results to date. 4) all result I recieved back were from Florida , California and Texas 5) I contacted 2 lending institutions both said they were more inclined to deal with someone they already have a relationship with , than a newly formed organization with little recognition with little recognizable experience 6) A fellow CCIM offered the following website please take time to read it all http://www.retailchatr.com/2009/02/12/a-cre-scam-for-brokers Thankyou everyone who responed , Hope this info helps.Thankyou CCIM for this incredable forum XXXXX XXXXXXX, CCIM XXXXXXXXXXXXXXX Broker XXXXXXXX, FL XXXXX XXX-XXX-XXXX1 (business) XXX-XXX-XXXX1 (fax) xxxxxxxxx@ccim.net CCIM Profile

If you are interested, many of the comments to my original post on CREOBA are worth reading.

Related Posts:

• CREOBA – Commercial REO & BPO Classes
• Another CREOBA Post
• CREOBA in My Back Yard. Can’t Believe I Missed it.