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. In February, 1995, 175 people attended an inaugural meeting in Olive Branch, MS, creating NAEBA, a nonprofit association solely dedicated to those brokerages practicing Exclusive Buyer Agency and the protection of real estate consumers.
Currently headquartered in Avondale, AZ, NAEBA has come a long way in its first 20 years. With members in nearly all 50 states and a province in Canada, NAEBA continues to strive towards its goal of providing outstanding member services and to protect the interest of real estate clients. The organization is regularly contacted by consumer groups, government entities, media outlets, and individual consumers when seeking expert opinions on the purchase of real estate.
Current President Chris Whitehead continues to stress the importance of partnering with an Exclusive Buyer Agent and is leading the charge in providing agents with proper tools to guide buyers throughout the transaction process. According to Whitehead, “We are truly excited to continue to assist home buyers in finding their ideal home through informed agents that have the buyer’s best interests in mind.” NAEBA has continued promoting this partnership with the recent creation of the NAEBA Referral Service, which is a free service for consumers looking for an Exclusive Buyer Agent in their area.
As NAEBA celebrates it first 20 years, it heads into the future excited to resolve the challenges awaiting real estate buyers!