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A Message About Exclusive Buyer Agents from the NAEBA President

The home buying season is heating up right on cue as spring arrives. Finally, you can leave the cozy comfort of internet searching and get out and tour actual homes in the fresh air and sunshine.

If you’ve found your way to this blog post you are at least somewhat aware of the risks and hazards of buying a home. Or being sold one, to be more accurate. That is why you are checking out Exclusive Buyer Agents in the first place.

Recent Study Shows Exclusive Buyer Agents More Educated and Experienced than the Average Real Estate Agent

A recent study conducted by National Association of Exclusive Buyer Agents (NAEBA) shows that Exclusive Buyer Agents on average are more experienced than traditional real estate agents as presented in surveys conducted by the National Association of REALTORS®. In this study in which both NAEBA member and nonmember agents responded, nearly 60% of the respondents had over 20 years of real estate experience while less than 1% had less than two years of experience.

Survey of Buyer Agents Shows Consumers Should Be Prepared for Delayed Real Estate Closings

A recent survey conducted by the National Association of Exclusive Buyer Agents (NAEBA) shows that some real estate closings are already being affected by the new “Know Before You Owe/TRID” regulations that went into effect October 3. The survey went out to brokers across the United States and nearly 20% stated they are already seeing issues, mostly delays in closing.

Recent Morgan Stanley Study Shows Possible Anti-Consumer Slant to Zillow Advertising

A recent study conducted by Morgan Stanley shows that Zillow Premier Agent Advertisers, those who pay extra to advertise on Zillow, have an increased number of dual agency transactions compared to other agents. According to the study, over 60% of Premier Agents reported that the advertising increased their dual agency transactions by about 30%.

Survey of Exclusive Buyer Agents Shows Lack of Inventory is the Top Issue Facing Today’s Home Buyers

The National Association of Exclusive Buyer Agents recently conducted a survey of its membership to determine the top issues facing today’s home buyers. Exclusive buyer agents across the country were simply asked, “What is the number one issue facing home buyers in your market today?” Two-thirds of the respondents responded with lack of inventory or low inventory.

NAEBA Files Brief to the California Supreme Court in Support of Home Buyer

Continuing with its 20-year history of advocating for home buyers, the National Association of Exclusive Buyer Agents filed an Amicus Curiae or “friend of the court” brief on behalf of the plaintiff in a case currently before the California Supreme Court. In his suit Horiike v. Coldwell Banker, plaintiff Hiroshi Horiike contends that even though the listing agent was originally contracted by the seller, because the listing agent was an agent of the same broker and in the same brokerage as his buyer agent, the listing agent also owed him, the buyer, representation as well.

NAEBA Celebrates 20 Years of Protecting Home Buyers

The NATIONAL ASSOCIATION OF EXCLUSIVE BUYER AGENTS (NAEBA) is celebrating its 20th year of protecting real estate consumers and promoting the Common Law of Agency in real estate. Until the 1980’s, all real estate agents represented the seller in a real estate transaction. With the advent of Exclusive Buyer Agency, where a real estate brokerage only represents the buyer in any transaction, rights and protection were also developed for buyers by eliminating any perceived conflicts of interest.

Buyer Agent - Eye View: Columbus

Columbus real estate poses opportunities, challenges to millennial home buyers 

According to a new survey by BMO Harris, the majority of young adults intend to become homeowners sometime within the next five years. The survey sampled adults aged 18 to 34, and debunks the theory that millennials are less interested in home ownership than the generations before them.