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The Colorado Exclusive Buyer Agents Association (CEBAA) recently published two new videos that explain the benefits of using a real estate buyers agent in the states of Colorado or Massachusetts. The Colorado video explains the basic concepts of buyer agency in a quick and easy to understand scribe format. The Massachusetts video, created by the Massachusetts Association of Buyers Agents, interviews members of its association to explain exactly how they work as loyal, dedicated, and caring buyer agency specialists.
The videos may be seen here: http://homebuyerscolorado.org/new-buyer-agency-videos-explain-co-ma-state-buyer-agent-associations/
In addition to the two videos, the report explains the difference to a consumer who contacted one of the associations this week to ask about dual agency. Dual agency is a role that was common 20 years ago. However, designated agency is the more common sort of agency relationship that is available to consumers in 2018.
The author explains that professional and ethical standards must be adhered to by professional who belong to national REALTOR associations and state buyer agency associations. Licensed agents agree to abide by these standards as conditions of their membership.
Additionally, the state associations have administrators that provide a third party oversight of the activities of their members, thus providing another source of agent accountability to their clients.
Sometimes there are no buyer agent specialists within the associations to service an area requested by those who contact the association. This typically occurs when the individual is looking in a small town or rural location. In those cases, the association helps these buyers to locate “traditional agents” who work with both buyers and sellers.
As spokesperson for the Colorado association says, “…As a third party oversight we minimize the probability that agents will favorably show their own listings or talk to their peers about motivation, price point, etc. These agents know we expect high standards of practice, and that we followup by soliciting feedback from consumers about how they are working for them. Agents must get outstanding reviews or they don’t stay on our recommended list.”
This process allows for non-member agents to be under the scrutiny of the association whenever consumers are given suggestions of buyers agents to contact for their desired location. Consumers are also invited to give honest feedback about the performance of association member agents.
The association manager of these state associations also manages consumer inquires nationwide via it’s website, http://buyeragentsearch.com.
Release ID: 301166