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What's an ABR? |
The Accredited Buyer Representative (ABR®) designation is the benchmark of
excellence in buyer representation. The Real Estate Buyer´s Agent Council
(REBAC) of the National Association of REALTORS® awards this coveted
designation to real estate practitioners who meet the specified educational and
practical experience criteria.
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 ABRMsm (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 ABRMsm 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.
Why you
should use an Accredited Buyer's Representative (ABR)?
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).