The Accredited Buyer Representative (ABR®) designation is the benchmark of excellence in buyer representation. This coveted designation is awarded to real estate practitioners by the Real Estate BUYER'S AGENT Council (REBAC) of the National Association of REALTORS® who meet the specified educational and practical experience criteria. Of the more than 1 million people in the United States licensed to sell real estate, less than 2% are Accredited Buyer Representatives (ABR®).
Why should you use an Accredited Buyer Representative (ABR®) when purchasing a home?
Until very recently, real estate agents almost always represented the seller, not the buyer, in a real estate transaction. Even the real estate agent who drove you around and showed you homes for sale was working on the seller's behalf. By law, the agent was required to get the best price and terms for the seller. However, with the introduction of buyer agency, this has all changed.
There are many benefits to enlisting the assistance of an Accredited Buyer Representative (ABR®) when purchasing a home.
An ABR's® duty is to represent you and your best interests at all times throughout the transaction. Other agents, unless they specifically disclose otherwise, represent the seller throughout the transaction.
An ABR® can develop a Competitive Market Analysis (CMA) to see how the price of the house compares to the current market. Other agents cannot reveal any information that would be detrimental to the seller or that could give you, the buyer, an advantage. This includes a CMA.
An ABR® can help you write the best offer with the best terms for you. Other agents can help you write the best offer with the best terms for the seller. It is important that you know your options so that you don't settle for less representation than you want and deserve. As Accredited Buyer Representatives, we are ready to assist you. |