Recent Study Shows Exclusive Buyer Agents More Educated and Experienced than the Average Real Estate Agent
Washington, D.C. – (RealEstateRama) — A recent study conducted by National Association of Exclusive Buyer Agents (NAEBA) shows that Exclusive Buyer Agents on average are more experienced than traditional real estate agents as presented in surveys conducted by the National Association of REALTORS®. In this study in which both NAEBA member and nonmember agents responded, nearly 60% of the respondents had over 20 years of real estate experience while less than 1% had less than two years of experience. The median respondent had 21-25 years of experience. In addition, over 80% of the respondents had real estate designations or attended classes above and beyond what is required for continued licensing and over 70% had earned a college degree with the median respondent holding a bachelor’s degree.
This survey was completed in response to the National Association of REALTORS® Danger Report released in 2015 which stated, “The real estate industry is saddled with a large number of part-time, untrained, unethical and/or incompetent agents. This knowledge gap threatens the credibility of the industry.” Results were also compared to the 2015 National Association of REALTORS® Member Profile which lists the average REALTOR® as having 12 years of experience and “some college.”
The NAEBA survey concludes, “While Exclusive Buyer Agency makes up a small percentage of the real estate industry, Exclusive Buyer Agents are more experienced than the industry overall.” A copy of the full report can be found on NAEBA.org.
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