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.
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:
The National Association of Exclusive Buyer Agents (NAEBA), the organization of real estate professionals who advocate for buyers, has contacted the National Association of REALTORS (NAR) because NAR has deliberately removed Exclusive Buyer and Exclusive Seller Representation from their publications and materials. View the letter.
The National Association of Exclusive Buyer Agents (NAEBA), the organization of real estate professionals who advocate for buyers, has announced the creation of a scholarship program. $1,000 scholarships will be awarded to two individuals who can best demonstrate with a short video why a smart consumer should use an Exclusive Buyer Agent when buying a home.
Exclusive Buyer Agency was founded upon the legal principles of the Common Law of Agency and Full Fiduciary Duties. As a whole, NAEBA’s ethical standards surpass legal and industry standards. A NAEBA member acts in a trustworthy manner and always acts in his/her Buyer-Client’s best interest. As a witness of our commitment to these principles, to integrity and to professionalism, NAEBA has established the following Code of Ethics:
Article 1: Duty of Confidentiality
The National Association of Exclusive Buyer Agents (NAEBA) is a professional organization of real estate buyer agents and buyer brokers who only represent home buyers. Members of NAEBA do not accept listings, advertise properties for sale or represent sellers at any time.
By providing exclusive fiduciary duties to home buyers, NAEBA members avoid the conflict of interests that arise when the same firm attempts to represent both buyers and sellers.