More than one million people in the United States are licensed to sell real estate.
Of those licensees, fewer that 2 percent are Accredited Buyer Representatives (ABR®).
A real estate agent may represent either the buyer or the seller.
Until very recently, real estate agents almost always represented the seller, not the buyer, in the real estate transaction. Even the real estate agent who drove you from home to home was not working on your behalf. By law, the agent was required to work on the seller's side - to get the highest price and the best terms for the seller.
All That Has Changed!
Wide-sweeping changes in Multiple Listing Service regulations as well as revisions in legislation and local real estate regulations have opened a whole new era in real estate transactions.
The Age of Buyer Representation
Today, many real estate agents and companies are offering to represent the buyer in the real estate transaction. From the initial selection of properties, all the way through contract negotiations and settlement, you can now have an agent specifically committed to representing your best interests when buying a home.
Consumer advocacy groups have endorsed such representation, and licensing laws in virtually every state are now being reworked to enable and encourage representation for the buyer.
Is your agent working for you?
The Real Estate BUYER'S AGENT Council, the nation's oldest and largest association of real estate practitioners addressing all aspects of consumer representation in the real estate trans-action, has established a criterion for excellence in buyer representation.
The "Accredited Buyer
Representative" Designation
To attain this designation, a real estate practi-tioner must complete an extensive classroom training program on buyer agency practices and procedures, pass a written examination and submit evidence of practical experience as a buyer's representative.
So ... if a real estate transaction is in your future, put an Accredited Buyer Representative to work for you.