A real estate agent is licensed to negotiate and transact the sale
of real estate
on behalf of the property owner - even
if you hire them to help you purchase a house.
A buyer's representative represents the consumer who is purchasing
property, not the seller. Although
state law varies, a buyer's representative usually works for and owes
fiduciary responsibilities to the real estate buyer. It
is the buyer representative that has buyer's best interests in mind
throughout the entire real estate transaction.
Why should you look for the ABR designation before looking for a
home? These three letters after a REALTOR's name tell you that you
will be working with buyer representative who is committed to your
best interests. The ABR designation is awarded by REBAC to those
REALTORS who have have met the specific educational and experiential
criteria needed to provide the high-level quality service required
by REBAC (Real Estate BUYER'S AGENT Council).About the Real Estate BUYER'S AGENT Council (REBAC)
The Real Estate BUYER'S AGENT Council, REBAC, was founded in 1988
to promote superior buyer representation skills and services. An affiliate
of THE NATIONAL ASSOCIATION OF REALTORS since 1996, REBAC's membership
now numbers well over 40,000 and is the worlds largest organization
of real estate professionals concentrating on buyer representation.
Members who meet all course and professional experiential requirements
are awarded the ABR (Accredited Buyers Representative) and/or ABRM
sm (Accredited Buyers Representative Manager) designation(s). Both
are the only designations of their type recognized by NAR.
The ABR designation is geared towards agents who wish to enhance
their buyer representation skills, and provides proof to prospective
buyer-clients of their proficiency at servicing the special needs of
buyers. The ABRM sm designation, on the other hand, is intended for
owners, brokers and managers who have or intend to incorporate buyer
representation into their company's service offerings. |