The Accredited Buyer Representative (ABR) professional designation is the benchmark of excellence in buyer agency services. Although more than 1,000,000 people in the United States are licensed to sell real estate, fewer than 1 in 500 have the higher skills necessary to earn the ABR designation.
Buyers Now Have A Choice.
Buyers no longer need to represent themselves during the home search and purchase while all agents legally represent the seller. Smart home buyers today can receive undivided confidential representation by choosing an Accredited Buyer Representative. In fact, 71% of home buyers surveyed in a recent Gallop Poll for the National Association of Realtors said they would use a buyer’s agent next time they purchased. Now you, like the seller, can have someone on your side looking after your best interests.
How Can An Accredited Buyer Representative Help Me?
A buyer’s agent owes the following duties to their home buyer:
- Reasonable Care
These responsibilities are defined by Arizona state law, the Realtors Code of Ethics, and general principles of agency law.
Who Needs An Accredited Buyer Representative When Buying Arizona Real Estate?
To ensure you’re buying smartly, you need a buyer’s agent when purchasing Arizona real estate. If you’re a first-time buyer, relocating or unfamiliar with the Metro Phoenix real estate market, or buying for investment and need negotiating help you’ll be best served by a buyer’s agent who puts your interests first.
Can A Seller’s Agent Or Subagent Truly Help Me Buy Arizona Real Estate?
Without a buyer’s agent, you’re legally on your own. The seller’s agent or subagent is, in fact, working for the seller and is the seller’s legal representative. True, a seller’s agent or subagent can offer buyers some services, including an explanation of available financing, calculation of costs, and presentation of your offer. However, what a seller’s agent cannot do is disclose to the buyer information not in the best interest of the seller, e.g., an opinion of the home’s real value or what price and terms the seller would accept. By effect of law, the seller’s agent or subagent must negotiate on the seller’s behalf and may not withhold information that could strengthen the seller’s bargaining position. That means you, as a buyer, must not disclose to the seller’s agent or subagent any information, financial or personal, that could possibly be used against you.
How Does One Become An Accredited Buyer Representative in Arizona?
The Accredited Buyer Representative (ABR) professional designation is achieved through a process established by the National Association of Realtors. This process includes advanced education, testing, and submittal of evidence in acting as an unaccredited buyer’s agent in multiple transactions. Furthermore, designees must be sponsored by current ABR professionals to vouch for their abilities, ethics and professionalism. Fewer than 1 in 500 real estate agents have earned the ABR professional designation.
What Will An Accredited Buyer Representative Cost Me?
The right question may be, “What will it cost me if I don’t use an Accredited Buyer Representative?” Purchasing an Arizona home without representation is possibly the biggest financial risk one can make. A buyer’s agent can guide you step by step in the process to avoid mistakes. Of course, failure to discover the actual value of the property or defects in the property can be very costly mistakes. With a buyer’s agent you can freely ask for advice, and I act proactively to discover foreseeable problems.
Who Pays the Buyer’s Agent Fee in Arizona?
I do NOT charge a fee to my buying clients for my services as an Accredited Buyer Representative when purchasing Arizona real estate. My fee is paid from the seller’s commission. Now, even though my fee is paid by the seller, the seller is informed in writing that I represent, exclusively, the interests of my buying client. That, I, in my capacity as an Accredited Buyer Representative, in no way owe any duties to the seller. As a result of my ABR status, my buying clients enjoy the security of knowing that they have highly qualified, professional representation working for them, instead of the seller.
Accredited Buyer Representative, ABR, in Phoenix Arizona. Helping families in Phoenix, Scottsdale, Gilbert, Chandler, Mesa, Tempe, Queen Creek, Maricopa, Ahwatukee, Gold Canyon, Apache Junction, and Fountain Hills.