WELCOME Accredited Buyer’s Representative A program by the Real Estate Buyer’s Agent Council of the National Association of REALTORS® Foreword 1 1 About the ABR® Designation The benchmark of excellence in buyer representation. Awarded by REBAC The Real Estate Buyer’s Agent Council Foreword 2 1 About the Real Estate Buyer’s Agent Council ABR® designation SM ABRMSM designation More than 40,000 active members Continuing education courses One-year complimentary membership for ABR® designation course students FOR MORE INFO... Visit www.rebac.net Foreword 3 2 REBAC Membership Benefits REBAC’s Online Membership Directory www.rebac.net Find a Buyer’s Representative – a search function that helps consumers find a buyer’s representative Excellent source for buyer agent referrals Directory accessible to: – – – – consumers all REBAC members state and local real estate associations corporate relocation managers Foreword 4 2 REBAC Membership Benefits Keeping up-to-date with: Today’s Buyer’s Rep REBAC’s award winning monthly newsletter exclusively for buyer’s representatives. Contains: – news of events – changes in legislation – educational information Foreword 5 2 REBAC Membership Benefits Keeping up-to-date with: REBAC HotSheet REBAC’s weekly newsletter delivered by email, containing summaries of current articles on subjects of interest to buyer’s agents. The Real Estate Professional The magazine for real estate sales and management. Foreword 6 2 ABR® Designation Benefits Consumer and industry respect and recognition of ABR® designation Homebuyer’s Toolkit, consumer brochures Foreword 7 4 ABR® Designation Benefits Marketing tools: – ad slicks – logos – press releases plus brochures, flyers, and postcards that you can customize at REBAC’s Online Print Shop Foreword 8 4 ABR® and ABRM Designations sm 4 Easy Steps – Designation Candidacy – Education Requirement – Experiential Requirement – Maintenance Requirement Foreword 9 4 ABR® Candidacy Successful completion of this ABR® course Maintain REBAC and NAR membership Take up to three years to complete: – Transaction documentation – One elective course ABR® candidates cannot use the ABR® logo or refer to themselves as an ABR®. Foreword 10 6 Frequently Asked Questions about ABR® and ABRMSM Q. A. Q. A. 6 Can I repeat the exam if I fail it? Yes. Check the provider’s policy for fee. When can I use ABR® or ABRMSM on my business cards? Only when you have completed ALL of the designation requirements. Q. Can I put “ABR® Candidate” on my business card? A. No. Foreword 11 Course Goals Prepare real estate professionals to represent buyer-clients in real estate transactions and provide the quality of service and degree of fidelity to buyers that sellers have customarily enjoyed. Offer methods for building a buyer representation business. Develop a self-customized tool for conducting a buyer counseling session. Foreword 12 7 Course Components Chapter 1: Agency Relationships Chapter 2: Creating Agency Relationships Chapter 3: Client and Customer Relationships Chapter 4: Buyer Service Chapter 5: The Buyer Counseling Session Chapter 6: Offers and Negotiations Chapter 7: Building Your Buyer Agency Business Exam Foreword 13
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