Why use an Accredited Buyer's Agent to Represent you?

By
Real Estate Agent with Brown Realty, 210-789-4216,www.JeremiahNewman.com TREC #0492321
https://activerain.com/droplet/4CW

Why use an Accredited Buyer's Agent to represent you in today's market?  I hear that question quite often in today's buyer's market. The fact is, the average buyer, and especially the First Time Home buyer has no clue how REALTORS® work, or what Agency representation is all about.  Agency is more than just showing buyers properties and filing out all the paperwork for the sales transaction.  It is a fiduciary duty to our clients, which says we must place our client's interests ahead of our own. We must take confidentiality serious, and abide by the Code of Ethics and Standards for a Real Estate Professional.  Therefore, a Buyer's Agent not only speaks for his client, but he is a guide from contract to close who is loyal, truthful, honest, and honors the client's confidentiality.  

Purchasing a home without representation can possibly be the biggest financial mistake a buyer can ever make. For many buyers, purchasing a home is the most important purchase in their life. Why would you ever want to do it alone, without any advice from an expert, a real estate professional? Remember a client is a consumer, who has signed and entered into a written representation agreement with a real estate agent. Without a written agreement that defines the duties and responsibilities of the agent and buyer, the buyer is still a consumer, who is not protected as a fiduciary. That agent, in the state of Texas, would legally be representing the seller without a written Buyer's Agency Agreement.  

Any agent who has earned the ABR® designation has received special training and courses in working with buyers in an agency relationship.  They are trained to listen and to understand the buyer's needs, since it is all about serving the needs of the buyer, and meeting all their expectations.  So why not let an ABR® assist you with your home buying purchase in this buyer's market? In most situations, it will not cost the buyer a fee, since the agent's commission is often paid by the other Broker, the listing Broker, or the new home builder.  

Look for the ABR® logo to find a Buyer's Agent Representative today!!

Call Me or Text Me Today at 210-789-4216

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Re-Blogged 4 times:

Re-Blogged By Re-Blogged At
  1. Kathy Sheehan 12/10/2011 09:15 AM
  2. Jim Frimmer 12/11/2011 05:26 AM
  3. Praful Thakkar 12/11/2011 07:38 AM
  4. MaryKay Shumway 12/11/2011 07:51 AM
  5. Not a real person 12/11/2011 07:31 PM
Topic:
ActiveRain Community
Location:
Texas
Groups:
Active Rain Newbies
Realtors®
Keller Williams 'Rainers
Tags:
buyers agent
representation agreement
accredited buyers agent representation

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Rainmaker
3,054,229
Tony and Suzanne Marriott, Associate Brokers
Haven Express @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Very useful insight into this topic - will go on my "to read in more detail" pile.  Thanks!

Feb 07, 2011 11:57 AM #1
Ambassador
1,169,395
Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Thanks Tony and Suzanne for your comments. I look to you guys as mentors.

Feb 08, 2011 06:06 AM #2
Rainer
478,183
Not a real person
San Diego, CA

Hey, Jerry. I left a surprise for you in my blog post this morning. Let me know when you find it. What? You thought I was going to tell you exactly where it is? Ha! This comment is a clue, though.

Dec 10, 2011 06:46 AM #3
Rainer
183,157
Judith Sinnard
SMARTePLANS; Houston, Texas - Houston, TX
The SMARTePLAN Lady

Hi Jerry, I came over from Russel's feature.  Your post is spot on.  The more we can educate the potential buyers of the value (AND NEED) for them to hire a buyers agent the better!  Sadly, few understand it.  Good post. 

Dec 10, 2011 07:18 AM #4
Ambassador
1,169,395
Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Thanks, Russel. I love clues. I was wondering who had gone back to look at one of my very first posts in Active Rain. I was so new back then that I only got one comment, and I didn't even have a photo too.

I appreciate you adding me to your Oldies but Goodies List today. I certainly appreciate any Google Juice too. 

Dec 10, 2011 09:00 AM #5
Ambassador
1,169,395
Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Thanks, Judith. We spend a lot of time educating our buyers today. Many don't understand Agency Relationships. As you can see, this was one of my First posts in AR too.

Dec 10, 2011 09:03 AM #6
Rainmaker
647,093
Kathy Sheehan
Bay Equity, LLC 770-634-4021 - Atlanta, GA
Senior Loan Officer

Jerry, I agree with you.  Every buyer should have their own agent.  When they don't it makes for a difficult transaction at least on my end.  Russel made a great selection here.

Dec 10, 2011 09:13 AM #7
Ambassador
1,169,395
Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Kathy. Yes. Russel did pick some great Bloggers to add to his Golden Oldies List. I was stunned to see my name on his list. Now, I need to go and read all of his selections, including yours.

Buyers today still don't always understand that need someone to look out for their interests.

Dec 10, 2011 09:21 AM #8
Rainer
216,072
Joe Kenny
Realty Executive Midwest - Darien, IL
Better Than Your Average Joe

Wow Jerry you are in some big company.  Great post, I hope you posted that where the buyers who need this info can see it.  It's a good life.

Dec 10, 2011 03:52 PM #9
Ambassador
1,169,395
Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Thanks, Joe. I believe I will post this on my Wordpress blog. It's information that is always relevant for buyers. Russel did place with some Big Time Bloggers today. It is a Good Life.

Dec 10, 2011 04:57 PM #10
Rainmaker
170,448
Lisa Dunham
Alexandria, VA
Associate Broker, Alexandria Virginia Real Estate

Jerry, I am here ... I read it ... and I am still not sure!  While I know all the things that an ABR represents, I am afraid this designation gets lost in the shuffle when it comes to consumers.  Thus, I am not sure whether to keep it or let it go.  Perhaps, I should evaluate the benefits of being a member (although I never use them) to see if that sways me one way or another.  Hmmm, I am just not sure.

Dec 11, 2011 02:32 AM #11
Ambassador
1,169,395
Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Lisa, To be honest with you. Many of the consumers are still not aware of this designation. The benefits and tools on the ABR site are helpful, but it doesn't guarantee more business. I didn't renew mine last year, but I am thinking about it next year, since I do miss that magazine and newsletter that I used to receive with all that great information.

Dec 11, 2011 03:05 AM #12
Rainmaker
522,222
Mike Carlier
Lakeville, MN
More opinions than you want to hear about.

"I didn't renew mine last year,..."

Jerry, I'm confused.  You're not an ABR, but you still use the registered designation as part of your signature.  Isn't that a little deceptive?  I understand that the knowledge you acquired from the classes is still part of your arsenal of qualifications and benefits you can provide to a buyer-client.  That may make you a good choice for a buyer agent, but not an ABR.

Dec 11, 2011 03:19 AM #13
Ambassador
1,169,395
Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Mike. Thanks for pointing out this oversight on my part. I have removed the ABR logo from my signature until I renew my membership. It was never my intent to be deceptive.

Dec 11, 2011 09:11 AM #14
Rainmaker
522,222
Mike Carlier
Lakeville, MN
More opinions than you want to hear about.

Jerry, one of the great mysteries of NAR is how, unlike diamonds and our "permanent record" from elementary school, some NAR designations are not automatically forever.  We can be a GRI or SFR for as long as we pay our NAR dues.  Then there are the "magazine designations" that only apply if we pay an additional annual fee.  Every year I ask myself why I'm paying them to display a few letters.  Then I just pay them rather than having to buy new business cards. 

 

Dec 12, 2011 01:38 AM #15
Ambassador
1,169,395
Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Yes, Mike. I truly understand that it's just easier to simply renew them too. I have never understood why some have those annual fees, and others do not. Thanks for your insight on these designations. Obtaining more of them is on my list this year to improve my education, and to be of more service to all my clients.

Dec 12, 2011 03:18 AM #16
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