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California Supreme Court to Live-Stream Oral Arguments on Case Determining Representation in Dual Agency Real Estate Transactions

On September 7, 2016, the California Supreme Court will be hearing oral arguments on a case that could have ramifications for how real estate agents work not only in California, but across the country. Hiroshi Horiike v Coldwell Banker Residential Brokerage Company et. al. calls into question the representation owed by real estate agents and brokers to the parties of a dual agency transaction.

NAEBA Announces Strictest Code of Ethics and Standards in the Real Estate Industry

The National Association of Exclusive Buyer Agents (NAEBA) announces that it has released a new Code of Ethics and Standards of Practice, rules by which its members must abide. Because NAEBA members only work with buyers and never sellers, the organization is able to make its standards more stringent than other organizations of real estate agents.

REALTOR® Organizations Increasing Consumer Confusion on Real Estate Representation

Recent actions by the staff of state and local REALTOR® organizations are leaving members of the National Association of Exclusive Buyer Agents (NAEBA), nearly all of whom are also members of their local REALTOR® organizations, concerned about consumer protection in real estate. Like many trade organizations, the National Association of REALTORS’® goal is to improve business for its members.

Dual agency is never a good thing. Buyers deserve their own representation. Hire a NAEBA member when you buy your next home.

Apparently REALTORS® Think Dual Agency Is OK – Why You Shouldn’t Believe Them

In a recent Realty Times article, Bob Hunt, Director of the California Association of REALTORS®, penned an article entitled, “Dual Agency Can Be a Good Thing.” In it, he argues that real estate transactions are different; that those negotiations are about getting the deal done rather than about one side winning or losing. Because of that, it’s OK for the REALTOR® to be the servant of two masters, working for the buyer and the seller simultaneously.

Exclusive Buyer Agents Predict Challenges for Home Buyers in 2016

If a recent survey of the membership of the National Association of Exclusive Buyer Agents (NAEBA) is correct, home buyers will face increasing challenges in 2016. Most Exclusive Buyer Agents (EBAs), regardless of which U.S. market in which they do business, predict that inventory will remain low. According to one NAEBA member Exclusive Buyer Agent, “The big challenge in our market will be the shortage of inventory,” and another adds, “Low inventory and crushing demand mean most sales will be bidding wars.”

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.