12 CORE/ETHICS NJ & 14 NY CE CREDITS - This two-day course serves as the core of the Accredited Buyer's Representative (ABR) designation program, which is the benchmark of excellence in buyer representation. The goal of this course is to set the foundation of training, skills, and resources to help real estate professionals succeed in today's marketplace as buyer's representatives. This course is a fundamental resource for understanding the duties that REALTORS owe to clients, customers, the public, and fellow REALTORS as outlined in NAR's Code of Ethics and Standards of Practice.
To obtain and use the ABR® designation, you must complete all four (4) requirements:
1.Successful completion of the two-day Accredited Buyer's Representative (ABR®) Designation Course, including an 80 percent passing grade on the exam (only in states that require this for CE). After you complete this course you will have three (3) years in which to complete the other ABR® designation requirements.
2.Successful completion of one of the ABR® elective courses, including an 80 percent passing grade on the exam. This course may be taken prior to completing the Accredited Buyer's Representative (ABR®) Designation Course.
3.Documentation verifying five (5) completed transactions in which you acted solely as a buyer's representative (no dual agency). Any transactions closed prior to taking the Accredited Buyer's Representative (ABR®) Designation Course or closed within three years after completing the Accredited Buyer's Representative (ABR®) Designation Course are eligible for credit. Documentation necessary for each of your five (5) completed transactions:
4.Copy of the signed buyer agency agreement OR purchase/sale agreement OR settlement statement/closing disclosure. The contract must verify the agent's name and/or include the agent's signature as the buyer's agent. Providing only the name and/or signature of the buyer's agent's broker is not sufficient.
5.Copy of the settlement statement/closing disclosure or letter from your broker verifying that each transaction closed
6.Maintain active and good membership status in the Real Estate Buyer’s Agent Council (REBAC) and the National Association of REALTORS®. Exception: International members of REBAC do not have to be members of NAR.
Important Notes: All requirements must be completed within three years of passing the Accredited Buyer's Representative (ABR®) Designation Course. Only REALTORS® who meet all these requirements and have been officially awarded the ABR® designation are permitted to call themselves an ABR® and use the ABR® logo.
Instructor: Isabelle Perkins
Course includes 12 Ethics CE Credits for NJ/14 NY CE CREDITS
For more information visit: http://rebac.net/abr