Slide 1

Serving South Florida

Slide 2
For over 35 years

Consumers Beware: Fake Exclusive Buyer Agents on Ris


AVONDALE, Ariz., Jun 13, 2014 (GLOBE NEWSWIRE via COMTEX) —

Over the last several months, the National Association of Exclusive Buyer Agents (NAEBA) has seen an increase in the number of real estate agents claiming to be Exclusive Buyer Agents in spite of working within a company that takes listings or even taking listings themselves. Per the industry definition, an Exclusive Buyer Agent never works with sellers and works within a company that does not take listings. Because an Exclusive Buyer Agent has no inventory to sell, they can work as a true advocate for the buyer regardless of which home is viewed or purchased.

According to NAEBA President Chris Whitehead, “The definition based on the company taking no listings goes back to the Common Law of Agency. In most states, when contracting with a real estate agent, a consumer is actually contracting with the broker and the agent is simply acting on behalf of that broker. Therefore, in order to state that one works with buyers exclusively, the broker, and as such the company, must actually work with buyers exclusively, not just the agent.” In spite of a few states states no longer following the Common Law of Agency, the legal industry definition stands.

Over the last several years, consumer groups, financial experts, and even the U.S. Housing and Urban Development (HUD) office have advocated the use of an Exclusive Buyer Agent when purchasing a home. Unfortunately, as when anything is recommended so highly by multiple organizations, a few people will make false claims and it appears that Exclusive Buyer Agency is no exception. NAEBA Headquarters has seen complaints regarding “fake” Exclusive Buyer Agents increase from 2 – 3 per month to 2 – 3 per week.

NAEBA President Whitehead, however, states that it is easy to verify that your agent is an Exclusive Buyer Agent. He adds, “Simply check if your agent’s brokerage takes listings or sells homes. If the answer is no, you have a true Exclusive Buyer Agent.”
About NAEBA

The National Association of Exclusive Buyer Agents (NAEBA), created in 1995, is an organization of companies dedicated to representing only buyers of real estate. NAEBA member brokerages do not list homes for sale and never represent sellers. This restriction to one side of the real estate transaction avoids conflicts and ensures that the interest of the home buyer is protected at all times from house-hunting and negotiation to inspection, financing and closing.

12 thoughts on “Consumers Beware: Fake Exclusive Buyer Agents on Ris

  1. I blog frequently and I really thank you for your information. Your article has
    truly peakked my interest. I will boook mark your site and
    keep checking for new information about once a week.
    I opted in for your Feeed too.

  2. Just want to say your article is as astonishing. The
    clarity in your post is just nice and i could assume you’re an expet on this subject.
    Fine with your permission let me to grab yor RSS feed to keep updated with forthcoming
    post. Thanks a million andd please carry on the enjoyable work.

  3. Good blog you have here.. It’s difficult to find excellent writing
    like yours nowadays. I really appreciate individuals like you!
    Take care!!

  4. Jamal says:

    Hi there, You’ve done a great job. I will certainly digg it and personally recommend to my friends.
    I’m confident they’ll be benefited from this site.

  5. I’m extremely impressed together with your writing skills and also with
    the format for your weblog. Is that this a paid theme or did you modify it your self?
    Anyway keep up the excellent quality writing, it is rare to look
    a nice blog like this one these days..

    my web page – Honda Four Wheeler Parts

  6. Howdy! This article couldn’t be written any better!
    Looking at this article reminds me of my previous roommate!
    He always kept talking about this. I will forward this post to him.
    Pretty sure he’s going to have a very good read.
    Many thanks for sharing!

    Also visit my blog post: http://www.cinemazone.dk/czinfo.asp

  7. Wow that was unusual. I just wrote an really long comment but
    after I clicked submit my comment didn’t show up.
    Grrrr… well I’m not writing all that over again. Anyway, just wanted to say
    wonderful blog!

  8. glub88 says:

    Wow, this post is nice, my younger sister is analyzing these kinds of things, therefore I am going to convey her.

  9. Hey there, You’ve done a great job. I will certainly digg it and personally suggest to my friends.
    I am confident they’ll be benefited from this site.

  10. This is the right webpage for anybody who wishes to understand this topic.
    You understand a whole lot its almost tough
    to argue with you (not that I really will need to…HaHa).

    You certainly put a new spin on a subject that has been written about
    for decades. Excellent stuff, just great!

  11. graal viewer says:

    Excellent site you have here.. It’s hard to find high
    quality writing like yours nowadays. I seriously appreciate people like you!
    Take care!!

  12. You’ve made some decent points there. I looked on the internet to
    find out more about the issue and found most people will go along with your views on this site.

Leave a Reply

Your email address will not be published. Required fields are marked *