the laws in New Jersey and the business arrangement you have with a licensed real estate agent, that agent may actually be negotiating for the Seller, not you the
Buyer. The best way to be certain that an agent is working in your best interests is by signing a buyer representation agreement with an agent.
A Buyer's Agent represents the consumer who is purchasing property, not the seller. In New Jersey, a Buyer's Agent works for and owes fiduciary responsibilities to the real estate
Buyer. It is the Buyer Agent that has Buyer's best interests in mind throughout the entire real estate transaction.
Why should you look for the ABR designation before looking for a
house? These three letters after a REALTOR's name tell you that you will be working with a buyer representative who is committed to your best interests. The ABR designation is awarded by REBAC to those REALTORS who have met the specific educational and experiential criteria needed to provide the high level quality service required by REBAC (Real Estate BUYER'S AGENT Council).
About the Real Estate BUYER'S AGENT Council (REBAC)
The Real Estate BUYER'S AGENT Council, REBAC, was founded in 1988 to promote superior buyer representation skills and services. An affiliate of THE NATIONAL ASSOCIATION OF REALTORS since 1996, REBAC's membership now numbers well over 40,000 and is the worlds largest organization of real estate professionals concentrating on buyer representation.
Members who meet all course and professional experiential requirements are awarded the ABR (Accredited Buyers Representative) and/or ABRMsm (Accredited Buyers Representative Manager) designation(s). Both are the only designations of their type recognized by NAR.
The ABR designation is geared towards agents who wish to enhance their buyer representation skills, and provides proof to prospective buyer-clients of their proficiency at servicing the special needs of buyers. The ABRMsm designation, on the other hand, is intended for owners, brokers and managers who have or intend to incorporate buyer representation into their company's service offerings.
About BUYER'S ADVISORS
Our real estate brokers have all earned the ABR designation and are Accredited Buyer's Representatives. Our managing broker also has earned The ABRMsm designation.