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What is a "Accredited Buyer Representative"? I have found one. But he has not replied to my email yesterday. Is it because all Realtors are jerks? Or is it because of that Thanksgiving holiday is near and thus on vacation?
Is "Accredited Buyer Representative" the same thing as "Buyer Agent"? Does Buyer Agent help make the buying the house much easier? Is this an upfront fee (or at the time of the Closing) or will it increase my Mortgage payments?
Is Accredited Buyer Representative the same thing as a realtor?
What is a "Accredited Buyer Representative"? I have found one. But he has not replied to my email yesterday. Is it because all Realtors are jerks? Or is it because of that Thanksgiving holiday is near and thus on vacation?
Is "Accredited Buyer Representative" the same thing as "Buyer Agent"? Does Buyer Agent help make the buying the house much easier? Is this an upfront fee (or at the time of the Closing) or will it increase my Mortgage payments?
Is Accredited Buyer Representative the same thing as a realtor?
Accredited Buyer Representative is a meaningless designation that means the agent paid for a boring two day class and sends money to REBAC every year to maintain the right to continue calling themselves an Accredited Buyer Representative. It in no way means the agent is better qualified as a buyer's representative.
Have you actually met this person? Or did you just send an email because you found his name on a random website?
If you've met the realtor in person, wait until Monday and then call to follow-up if you haven't heard back. If you are a random emailer from the internet, the person may be busy and prioritizing current clients. Or your email could have ended up in his spam folder if you're not an established contact.
In general, have patience. It's a holiday week and the real estate market is usually quite slow between now and the end of the year, so they may be out having a life this weekend
To answer your other question, the seller will pay all commissions (buyers and sellers agents) at closing. It is no cost to the buyer.
What is a "Accredited Buyer Representative"? I have found one. But he has not replied to my email yesterday. Is it because all Realtors are jerks? Or is it because of that Thanksgiving holiday is near and thus on vacation?
Is "Accredited Buyer Representative" the same thing as "Buyer Agent"? Does Buyer Agent help make the buying the house much easier? Is this an upfront fee (or at the time of the Closing) or will it increase my Mortgage payments?
Is Accredited Buyer Representative the same thing as a realtor?
Well, I guess it depens on your perspective. I have to snicker at your statement "Is it because all Realtors are jerks?" Yeah, one person doesn't call you back, and that means ALL the real estate agents in the entire world are jerks. That's like saying, because one buyer isn't sure how to go about buying a house, all buyers are stupid . . .
But, you are asking the question, which hopefully means you are open to being taught . . .
An agent with an ABR has gone to additional classes in order to learn new ways of helping buyers identify their home needs and to help them sort out what they want, what they need and what they can afford. That doesn't mean that agents who DON'T have the designation (or don't advertise it) aren't just as able to help a buyer. But in this case, you have someone who is interested enough in working with buyers that they use it in their advertising.
Here's the thing with agents: Some love working with buyers. Newer agents, especially, find themselves working with buyers more often than sellers (who tend to like more experienced listing agents). Some agents much prefer to be listing agents -- they enjoy marketing and selling homes, advising sellers on how to best present their home for sale, etc. Most agents are both buyer agents AND selling agents, depending on if their client is selling a home or buying a home.
Thanksgiving IS throwing a wrench into your plans. Most agents have families, and since they also have flexiblity, they tend to concentrate on family activities during the holidays. However, not all agents ease back during the holidays, others are just as driven as always, and see the holiday as an interruption in their momentum. :-)
A buyers agent that is working for you will NOT cost you additional money. The seller has already made an agreement to pay the listing agent a certain percentage of the sale. In turn, the listing agent has agreed to share that percentage with any other agent who ends up bringing a buyer. With a buyers agent, you will ideally have someone who is savvy about contracts, inspections, due diligence, what will fly with re-negotations, how to handle unexpected problems, etc. You COULD certainly go with without a buyer's agent, but then you either have to manage the sale all on your own, or depend on an agent whose first loyalty is to the seller -- and when push comes to shove, guess whose interests are going to come first?
Accredited Buyer Representative is a meaningless designation that means the agent paid for a boring two day class and sends money to REBAC every year to maintain the right to continue calling themselves an Accredited Buyer Representative. It in no way means the agent is better qualified as a buyer's representative.
What is a "Accredited Buyer Representative"? I have found one. But he has not replied to my email yesterday. Is it because all Realtors are jerks? Or is it because of that Thanksgiving holiday is near and thus on vacation?
Is "Accredited Buyer Representative" the same thing as "Buyer Agent"? Does Buyer Agent help make the buying the house much easier? Is this an upfront fee (or at the time of the Closing) or will it increase my Mortgage payments?
Is Accredited Buyer Representative the same thing as a realtor?
One question already has been answered. You should sit down with a few agents before looking at homes with them. One of them will take the time to explain the process. Hire that one.
Accredited Buyer Representative is a meaningless designation that means the agent paid for a boring two day class and sends money to REBAC every year to maintain the right to continue calling themselves an Accredited Buyer Representative. It in no way means the agent is better qualified as a buyer's representative.
I agree 100%. Designations like the ABR are basically just things these agents pay for. They're a bit of a joke in my opinion and I have some.
I agree 100%. Designations like the ABR are basically just things these agents pay for. They're a bit of a joke in my opinion and I have some.
I have a CEBA designation--Certified Exceptional Buyer's Agent. Of course, I just made that up a minute ago (but it probably carries the same weight as an ABR). I'll think of a better title another day.
I have a CEBA designation--Certified Exceptional Buyer's Agent. Of course, I just made that up a minute ago (but it probably carries the same weight as an ABR). I'll think of a better title another day.
I thought about going for my CEBA, but decided to get my AKAA (Accredited Kick A55 Agent).
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