HOME BUYERS, whether you’re looking for a home in New York State or Any Other State in the Nation only consider Agent’s who’ve earned the Accredited Buyer’s Representatives (ABR®) Designation from REBAC affiliated with and endorsed by the National Association of REALTORS®. Take a moment to read the information below providing: the requirements of an ABR vs. no requirements for a CBR.
ALL BUYER’S REPRESENTATIVE’S ARE NOT EQUAL!
CBR - Certified Buyer Representative Designation
Description: (copied and pasted word-for-word from the LIBOR website)
The Certified Buyer Representative class is a THREE-DAY Course. Designed with traditional agents in mind, this course will provide you with the knowledge to assist purchasers with one of the major decisions of their lifetime and to do it legally, ethically and in a non-adversarial manner. This professional certification is not affiliated with or endorsed by the National Association of Realtors.
4 PLUSES with getting Your CBR Designation:
1. No Waiting Period - You receive your Designation at the course completion
2. No Exam at course completion
3. No annual fees
4. No Sales Requirement
- Register to get the discounted price $375 LIBOR Members/$375 LIBOR Members.
VERSUS:
ACCREDITED BUYER’S REPRESENTATIVE (ABR®) DESIGNATION REQUIREMENT
The path towards becoming an ABR® begins by taking the Accredited Buyer's Representative (ABR®) Designation Course. After you complete this course, you will automatically become a member of REBAC for one year. You’ll then be able to access many of our member benefits and work towards completing your remaining ABR® designation requirements, which are listed below.
To obtain and use the ABR® designation, you must complete all requirements below:
- Successful completion of the two-day Accredited Buyer's Representative (ABR®) Designation Course, including an 80 percent passing grade on the exam. After you complete this course you will have three (3) years in which to complete the other ABR® designation requirements.
- Successful completion of one of the ABR® elective courses, including an 80 percent passing grade on the exam. This course may be taken prior to completing the Accredited Buyer's Representative (ABR®) Designation Course.
- Documentation verifying five (5) completed transactions in which you acted solely as a buyer's representative (no dual agency). Any transactions closed prior to taking the Accredited Buyer's Representative (ABR®) Designation Course or closed within three years after completing the Accredited Buyer's Representative (ABR®) Designation Course are eligible for credit. Documentation necessary for each of your Five (5) completed transactions:
- Copy of the signed buyer agency agreement OR purchase/sale agreement OR settlement statement/closing disclosure. The contract must verify the agent's name and/or include the agent's signature as the buyer's agent. Providing only the name and/or signature of the buyer's agent's broker is not sufficient.
- Copy of the settlement statement/closing disclosure or letter from your broker verifying that each transaction closed.
- Maintain active and good membership status in the Real Estate Buyer’s Agent Council (REBAC) and the National Association of REALTORS®.
Accredited Buyer’s Representatives (ABR®) the Benchmark of Excellence in Buyer Representation. What’s their key to success? They know that you can't count on the market, that you must count on your skills. ABR® education, training and up-to-date daily resources provides the expertise you need for an edge in serving today’s home buyers.
Only National Association of REALTORS® who meet all these requirements and have been officially awarded the ABR® designation are permitted to call themselves an ABR® and use the ABR® logo.
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