Brokerage

Group protests removal of reference to exclusive representation in NAR publications

NAEBA: Consumers may think exclusive representation is no longer an option

A group of real estate agents and brokers devoted to only representing homebuyers has sent a letter to the National Association of Realtors asking the trade organization to reinstate exclusive buyer and exclusive seller representation as agency relationship options that are described in its publications.In the letter, Michael Byrd, president of the National Association of Exclusive Buyer Agents (NAEBA), said the group had noticed several months ago that NAR no longer included exclusive buyer or seller representation as options in the trade group's tools regarding agency representation, including a Realtor Magazine article describing agency relationships.Byrd said the group was told by a NAR staffer that the options "were deliberately removed because simple buyer representation or seller representation was felt to be sufficient.""We adamantly disagree," Byrd wrote.Unlike typical buyer's agents, exclusive buyer agents will work only with buyers and not list homes for sale...

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