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.
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.
The National Association of Exclusive Buyer Agents (NAEBA), a nonprofit organization made up of real estate brokerages who only represent buyers, offers a Certified Exclusive Buyer Agent (CEBA) credentialing program. This credential is one of the most difficult to obtain in the real estate industry.
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.
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.
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.
Some Exclusive Buyer Agents have chosen to go above and beyond Exclusive Buyer Agency to become a Certified Exclusive Buyer Agent® (CEBA®) or Certified Exclusive Buyer Agent – Master® (CEBA-M®).
In order to earn the CEBA® designation, an Exclusive Buyer Agent must have:
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.
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%.
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.