Purchasing a home is becoming a reality for more Americans each year. Government statistics indicate that the home ownership rate peaked at 67.7% in the year 2000.

However, purchasing Real Estate is a major transaction which includes several details that require attention. There are many factors that come to play during the transaction – legal, financial and emotional. 

Most first time buyers tend to recruit a licensed Real Estate Agent to represent them. However, depending on the laws in your state and the agreement you have with your agent, he/she may be working in the best interest of the seller on not the buyer.

To ensure that your agent is working in your best interest, you ought to consider engaging your agent with a buyer representative agreement.

What is a Buyer Representative?
A Buyer Representative works exclusively for you - the buyer.
 
A Buyers Representative will:

The Buyer Representative Agreement.
Before reviewing properties, the buyer and the buyer’s representative must draw a mutual written agreement on the representative fees. The agreement should clearly define the responsibilities of both parties throughout the purchase process.

Why you should use an Accredited Buyer’s Representative (ABR).
Realtors with the ABR designation after their names have met the specific education and experience needed to provide a distinguished level of service as required by REBAC (Real Estate BUYER’S AGENT Council). 

About the Real Estate BUYER’S AGENT Council (REBAC).
Founded in 1988, The BUYER’S AGENT Council endorses superior buyer representative skills and services. With over 40,000 members, REBAC is widely regarded as the world’s largest organization of real estate professionals with a focus on buyer representation.