Accredited Buyer Representative (ABR)

Accredited Buyer Representative
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—free! You’ll then be able to access many of its member benefits and work towards completing your remaining ABR® designation requirements.
Course Objective
The overall goals of the Accredited Buyer's Representative(ABR®) Designation course are:
- 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 ideas and methods for building a buyer representation business.
- Develop a self-customized tool for conducting a buyer counseling session.
Upon completion of the two-day course and successfully passing the exam, you will have achieved ABR® candidate status, a three-year period during which you must fulfill the educational and experiential requirements to earn the Accredited Buyer's Representative (ABR®) Designation awarded by theReal Estate Buyer's Agent Council, Inc.
Course Outline
Chapter 1: Forward
- About The Real Estate BUYER'S AGENT Council, Inc.
- REBAC Membership Benefits
- The ABR® Designation: A Market Distinction
- ABR® Benefits
- New Designees
- Take up to 3 Years To Complete Requirements
- When Can You Start Using the ABR® Designation?
- FAQs about the ABR® and ABRM® designations?
- Course Goals
- Learning Objectives
Chapter 2: Agency Relationships
- What is Buyer Representation?
- Evolution of Buyer Representation
- Elimination of subagency
- Vicarious liability
- NAR policy changes
- Buyer Representation Trends
- Parties in a Real Estate Transaction
- Types of Relationships
- Single agent
- Dual and designated agency
- Facilitator and transaction broker
- Finder
- Office Policy
Chapter 3: Creating an Agency Relationship
- How Relationships Are Formed
- Express agreements: Written and Oral
- Implied agreement
- Agency Disclosure
- Timely
- Meaningful
- Written
- How We Work With Buyers
- Advantages of Buyer Representation
- For the buyer
- For the seller
- For the buyer's representative
- For Sale By Owner (FSBO) properties E. Buyer Representation Issues
- When Agency Relationships Change
- Compensation
Chapter 4: Client and Customer Relationships
- Fiduciary Duties to Clients and Customers
- Responsibilities to a client
- Responsibilities to a customer
- What is Reasonable Care and Diligence?
- Controversy
- Agency Conflicts
- Imputed knowledge
- Imputed notice
- Vicarious liability
- Recognizing Conflicts of Interest in Fiduciary Relationships
- Single agency
- Disclosed dual agency
- Limiting Scope of Services
- Penalties for Breach of Fiduciary Duties
Chapter 5: Buyer Service
- Services Buyers and Sellers Want
- Buyer Services Provided in a Real Estate Transaction
- Needs Assessment
- Needs assessment with a buyer-client
- Needs assessment with a buyer-customer
- Property Selection
- Needs assessment with a buyer-client
- Needs assessment with a buyer-customer
- Viewing Properties
- Needs assessment with a buyer-client
- Needs assessment with a buyer-customer
- Negotiating the Purchase and Sales Agreemen
- Needs assessment with a buyer-client
- Needs assessment with a buyer-customer
- Follow-through After the Purchase Agreement
- Needs assessment with a buyer-client
- Needs assessment with a buyer-customer
- Providing Lists of Other Professionals
- Finding Properties
- Resources to find properties
- Working with FSBOs
- Foreclosures
- New Home Construction
- Risk Reduction and Management
- Subprime, Predatory, and High Risk Lending: What Buyer's Representatives Need to Know
- Subprime loans
- Mortgage fraud
- Predatory lending
- Why are buyers attracted to these loans?
- Non-traditional Loan Programs
- Choosing the right loan
- Interest-only loans
- Buydown mortgage
- Graduated payment mortgage (GPM)
- Adjustable Rate Mortgages
- Convertible ARM
- Fixed-period ARM
- Two-step mortgage
- Option adjustable rate mortgage (Option ARM)
- Fair Housing and the Buyer's Representative
- Which law prevails?
- Statement of fair housing policy
- Fair Housing Self-Assessment Questionnaire
Chapter 6: The Buyer Counseling Session
- Goals of a Counseling Session
- Conducting a Buyer Counseling Session
- Prepare a presentation packet
- Build rapport with the buyer
- Disclose agency obligations
- Determine previous home search efforts
- Perform a needs assessment
- Determine the buyer's price range
- Determine the level of motivation
- Discuss financing with the buyer
- Determine if you want to represent the buyer and if the buyer wants client or customer level service
- Explain the advantages of buyer representation
- Obtain commitment
- Review the buyer representation agreement
- Provide client-level services
- Modes of Compensation
- Relocation Buyers
- After-the-fact referral fees
- Buyers to Avoid
- Unmotivated buyers
- Unqualified buyers
- Buyers with unrealistic expectations
- Buyers whose actions create a conflict of interest
- Under no circumstances represent buyers who expect you to perform unlawful acts
Chapter 7: Offers and Negotiation
- Creating an Offer
- Preparing the Buyer
- Protecting the Buyer's Interests
- Working Toward a Purchase Contract
- Present your client's offer
- Create a friendly atmosphere
- Explain the offer
- After the offer has been presented
- Adhering to the REALTOR® Code of Ethics
- Handling Multiple Offers
- When You Cannot Present an Offer
- Negotiation "Know-How"
- Strategies for Buyers' or Sellers' Markets
- Identify the Buyer's Objectives
- Plan a Negotiation Strategy
- Assess the Big Picture
Chapter 8: Building Your Buyer Representation Business
- Developing a Personal Marketing Plan
- Finding Qualified Buyers
- Reaching Out to Potential Clients
- Develop a presentation package
- Author articles for newspapers and magazine
- Create a newsletter
- Consult with a publicist
- Conduct telemarketing
- Market to new and relocating companies
- Develop relationships with property management firms
- Present home buying seminars
- Ramp Up Your Web Site
- Use your ABR® as a Marketing Edge Ethics
- Marketing Support for REBAC Members
- REBAC national consumer marketing
- Marketing tools for the buyer's representative
- Find a Buyer's Representative Referral Network
- Next Steps
- Complete one ABR® Designation elective course
- Document five transactions
- Maintain REBAC membership
Chapter 9: Exam
Course Dates:
30th April- 1st March
Course Location:
G5, Block A,
Safal Profitaire,
Corporate Road, Opp. Prahladnagar Garden,
Ahmedabad - 380015
Apply for Course:
To register or know more about the course
E-mail: [email protected] or Call: Ms. Javnika 90990 65281
Download Application Form
Course Fees:
General Candidate: 10,000/- + S.T
NAR India Member: 8000/- + S.T
RE/MAX Affiliate: 7500/- + S.T









