A Buyer’s Agent | Professional Representation | Home Buyer Rebates
The most popular Home Buyers Agent designation for Residential Realtors is the ABR -Accredited Buyer Representative. It is offered and promoted through the National Association of REALTORS®. The Realtors who have earned the ABR Designation have gone the extra education distance for Home Buyers. They are typically very well prepared to represent the buyer’s best interests throughout the real estate purchase transaction.
Accredited Buyer Representative Manager (ABRM) Similar to the ABR, but this designation is usually held held by real estate Brokers or company Managers overseeing Agents. There is also the Certified Buyer Representatives (CBR) designation indicating these Realtors have dedicated themselves to buyer representation.
Exclusive Buyer’s Agent – Unlike the Buyer Agents and Buyer Brokers noted above, Exclusive Buyers Agents never represents Sellers. Be aware that some Agents may call themselves an “Exclusive Buyers Agent” even though they work at a Brokerage that lists properties for sale. They are not Exclusive Buyer Agents if they work for a company also has Listings for sale. Importantly, since true EBAs do not take listings, then they cannot help you if you need to also sell before buying or later when it is time to sell and move.
Self-Proclaimed Buyer Agents – Basically real estate agents can call themselves “a Buyers Agent”, but do they have Credentials?. Do they work for a real estate firm with a lot of Listings to sell? If so they also have an obligation to represent the seller of those listings. If a Buyer’s Agent work for a company with a lot of listings, the bigger the chance they will be compromised. The more listings a buyer’s agent they have, the greater chance they will be put into a “Dual Agency” situation. Dual Agency means neither the Buyer or the Seller will get the 100% professional representation they deserve.
So, why do you need a Buyers Agent or a Buyer’s Broker Because a Buyers Broker offers you a much more secure and cost-effective way to buy real estate. A Buyer’s Broker is typically paid their commission through the Sellers offer in the Realtors MLS system. Even so, if they are “exclusive” they will put in writing that they will not practice “Dual Agency”. This way your best interests are better protected,?
How Much Does a Buyers Broker Cost? – As noted above there is no additional cost. The Buyer Agent Fee is typically included in the price you pay for the Real Estate you buy. Even if they do not provide a Real Estate Rebate, you can keep more money in you pocket at closing.
A Buyer’s Agent or Buyers Broker offers home buyers more Time & Money Savings Benefits than a Listing Agent. Listing Agent have an obligation to get the best deal for the Home Seller. Buyer Agents work as your Real Estate Advocate and are dedicated to helping you get the best price and terms. Plus, there are a growing number Accredited Buyer Representatives (ABR) that also provide Agent Commission Splits to make buying a home even less costly. Here are Three of the Most Consumer Friendly websites you will find for Home Buyer Savings: