Why to choose a REALTOR® with ABR® Designation?
What is a buyer’s representative? Defined most simply, a buyer’s representative (also buyer’s rep, or buyer’s agent) is an advocate for the buyer—not the seller—in a real estate transaction. Real estate laws and regulations vary from state to state, but buyer’s representatives usually owe full fiduciary (legal) duties, including loyalty and confidentiality, to their buyer-clients and work in their clients’ best interests throughout the entire transaction.
As an Accredited Buyers Representative (ABR®). I’ve built my business around helping buyers and I look forward to helping you buy your first - or next - home. Please contact me with any questions.
What services are provided by a buyer’s representative? If you’ve established an agency relationship with a buyer’s representative, common services include:
Helping you clarify your priorities. Suggesting sources of financing and other service professionals, such as inspectors and exterminators. Providing sources of accurate and lawful information on neighborhoods, schools, and communities. Selecting and arranging property showings. Evaluating particular properties. Explaining forms and agreements. Suggesting contract contingencies to protect you, rather than the seller. Assisting in the negotiations for a favorable price and terms. Keeping all information confidential that could weaken your bargaining position. Monitoring the entire purchase process, assisting with issues that arise through closing. Knowledge of real estate contract writing - A buyer’s agent has written and reviewed many purchase agreements before and has the skills to make sure that it includes contingencies in the right places to allow you to walk away from the contract to purchase if you are not satisfied.
How does an Accredited Buyer’s Representative (ABR®) differ from other buyer’s representatives? An ABR® is a buyer’s representative who has completed advanced training and who has proven experience in serving the special needs of buyer-clients. In addition to knowing the dynamics of their local market, an ABR®-designated buyer’s rep can help you make informed decisions throughout the entire home buying process. An ABR® is also a REALTOR® (a member of NAR) and must abide by a strict Code of Ethics.
Why it might not be a good idea for the Buyer to use the Listing Agent when Buying a Home?
As a matter of California law, a Real Estate Broker or Agent owes the highest duty of good faith, honesty and fair dealing to their client. This duty is referred to as the Fiduciary Duty. Listing Agents enter into legally binding agreement that requires them to ALWAYS act in the best interest of the Seller.