National Association of Exclusive Buyer Agents Challenges NAR Agency Definitions as Being a Disservice to Consumers

Fri Jun 7, 2013 12:43pm EDT

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National Association of Exclusive Buyer Agents Challenges NAR Agency Definitions as Being a Disservice to Consumers

PR Newswire

AVONDALE, Ariz., June 7, 2013 /PRNewswire-USNewswire/ -- 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 while still claiming to cover all types of agency relationships available to real estate agents and consumers.  2012-2013 NAEBA President Michael Byrd states, "While we don't believe this was a deliberate intent to mislead consumers, as the largest real estate association in the world and a recognized authority on real estate agency, NAR's omission could easily be misinterpreted by consumers that Exclusive Buyer or Seller Representation is no longer available as an option, which simply isn't the case."  In its letter to Finley Maxson, NAR's Associate Counsel, NAEBA has requested that NAR reinstate Exclusive Representation as an agency option with an explanation as to how and why Exclusive Buyer Representation is different from simple buyer representation and similarly how Exclusive Seller Representation is different from simple seller representation.  The complete letter can be found at http://naeba.org/blog/naragency.

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.

SOURCE National Association of Exclusive Buyer Agents

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