ABR | Accredited Buyer’s Representative
Prepare for your buyers to properly represent them during a transaction with quality service and a reason to be referred!
Why the ABR designation benefits your business
“The Accredited Buyer’s Representative (ABR®) designation is the benchmark of excellence in buyer representation. This coveted designation is awarded by the Real Estate Buyer’s Agent Council (REBAC), an affiliate of the National Association of REALTORS®, to real estate practitioners who meet the specified educational and practical experience criteria.”
-National Association of Realtors | Official Designation
How to get the ABR designation
The ABR designation requires a membership with the Real Estate Buyer’s Agent Council (REBAC) and the National Association of REALTORS. If a member does not maintain membership with REBAC for five consecutive years or more, he or she will need to repeat all the ABR requirements.
What are the ABR requirements
Completion of the two-day ABR Designation Course, including an 80% passing grade on the exam. After you complete this course you will have three years in which to complete the other ABR designation requirements.
Complete one of the ABR elective courses, including an 80% passing grade on the exam. Many options (16) are available online to complete the elective courses.
NOTE: This course may be taken prior to completing the Accredited Buyer’s Representative (ABR®) Designation Course.
Documentation verifying five completed transactions in which the ABR candidate acted as a buyer’s representative. Transactions closed prior to the ABR Designation Course or closed within three years after completing the course are eligible for the credit. The documentation necessary for each of your five completed transactions are as follows:
- Copy of the signed buyer agency agreement, purchase agreement or closing disclosure. The contract must verify the Realtor’s name and/or include his or her signature as the buyer’s agent.
- Copy of the closing disclosure verifying each transaction closed.
Membership is current with the Real Estate Buyer’s Agent Council (REBAC) and the NationalAssociation of REALTORS®.
- REBAC membership annual dues are $110/year. Your first year is free with completion of the ABR designation course. The dues are billed every November and due back by January 1st the following year.
Important Note: All requirements must be completed within three years of passing the Accredited Buyer’s Representative (ABR®) Designation Course.
When can the ABR designation be used
When all ABR® requirements are met and the designation has been awarded the Realtor is permitted to call themselves an ABR designee and use the ABR logo.
When the ABR designation is earned and you begin to brand yourself at that next level, take a minute to see the benefits of belonging to REBAC.
As listed on REBAC.net
- ABR® NETWORKING AND REFERRALS
- ABR® Facebook Networking Group—Join over 4,000 ABR® designees across the U.S. and Canada in sharing industry tips and trading referrals.
- ABR® Network—Join fellow ABR® designees in an exclusive interactive online community featuring forums, groups, and blogs to share expert advice, best practices, get referrals and much more! Sign up today (link is external) and start building your buyer-representation network!
- Online Referral Database—Use the Find a Buyer’s Rep Directory on REBAC.net, which lists almost 35,000 REBAC members to refer well-qualified ABR®s in other areas.
- RE: Up Conference—Introducing REBAC’s newest member benefit! Get inspired by top-notch industry speakers, and mix and mingle with other REALTORS® from all over the country. Learn more!
- MARKETING MATERIALS
- Postcards—Customizable through the REBAC Print Shop. View a sample
- ABR® Brochures—Showcasing the benefits of using a buyer’s representative.
- TOOLS FOR WORKING WITH BUYERS
- One-Sheets—For your buyer’s kits, free, printable handouts on topics to address in a buyer-counseling session or while working with buyer-clients. View a sample
- Home Buyer’s Toolkit—10-step quick-reference guide.
- Home Buyer’s Seminar Guide—Step-by-step guide on how to host your own home buyer seminar.
- Today’s Buyer’s Rep—REBAC’s monthly membership newsletter. View a sample
- TBR HotSheet—Weekly scan of online stories, delivered by e-mail.
- OTHER RESOURCES
- Buyer Representation Sessions—Education sessions and networking opportunities at the annual National REALTORS® Conference and Expo.
- ABR® Scripts—Help you answer buyers’ most frequently asked questions.
- Pop-a-Note—An effective, easy e-marketing tool that helps you stay in touch and grow your business.
Median income of REALTORS® without a designation was $33,500, and the median income of those with at least one designation was $61,100. The difference between the two is $27,600. This information is accurate as of May 2013.
Take the next step to work in your business and not on your business! The sky is the limit in real estate and the more education the better!