American Real Estate Broker Alliance, AREBA, www.AREBA.org,
is a national alliance of flat-fee real estate brokers formed in 2006
who advocate innovation, free market competition, full disclosure, informed
consent and the consumers' right to choose their level of desired brokerage
Primary membership is restricted to flat-fee real estate brokers and agents. Affiliate
membership is open to brokers, agents and others who provide innovative real
estate specialties such as fee-for-service, discount brokerage, counseling,
exclusive buyer agency, exclusive seller agency, auction marketing, or other
real estate services.
Through our members,
we monitor real estate trends and innovation, state & national issues
and legislation related to real estate business models, competition and
the interests of home buyers & sellers who work with real estate
brokers and real estate service providers.
AREBA members believe that anti-competitive practices which discriminate against
our members must be prohibited. We advocate full disclosure to consumers and
their informed consent for all services.
Some of the current
issues of interest are:
Service Legislation in states which mandate additional services
Listing Service (MLS) rules and public access to the MLS
Listing Information Display (ILD) policies
and informed consent (agency relationships and procuring
restrictions for consumers involved in real estate transactions
Legislation: Over 10 states have passed new legislation and regulations
that restrict flat-fee and limited service real estate brokers. New
and innovative business models have been forced out of business or
forced to raise their prices to meet the new service requirements. Consumers
are forced to buy more services than they may wish to purchase. AREBA
advocates for consumers to have a full range of options and not be
forced to buy more service than is needed to assist in the sale of
Multiple Listing Service (MLS) Rules: Some MLSs have changed rules
and bylaws to prevent a certain type of listing agreement commonly used
by flat-fee brokers from being uploaded to the Realtor.com web site and
for their listings to be ‘hidden’ from the public or on other broker web
sites. AREBA advocates that all listings should fully exposed in all
venues to better serve home sellers and buyers.
Internet Listing Information Display (ILD) Policies: Proposed
ILD policies from the National Association of REALTORS allow brokers
to blanket opt-out and not share listings with other brokers or referral
companies. AREBA advocates full disclosure to home sellers if their
homes will not be provided the widest possible exposure.
Disclosure and Informed Consent: The National Association of REALTORS
has acknowledged a serious problem with agent non-compliance as it relates
to state-mandated agency relationship disclosures. Consumers need to know
who is working for whom, the implications of procuring cause and the potential
for dual agency or conflict of interest situations.
If a broker is not willing to show homes that are ‘for sale by owner’ or listed
by flat-fee or discount companies, he should disclose that limitation to potential
home buyer customers and clients. AREBA advocates for full disclosure to and
informed consent from all parties in real estate transactions including the
effect of procuring cause on their decision to view property for sale. AREBA
opposes discrimination against flat-fee broker listings in regard to home searches,
showings, and data access.
Only a handful of states still make rebates illegal. AREBA advocates
for rebates or discounts for all consumers, in support of competition
among companies and the free market.
CONTACT: Albert Hepp, BuySelf.com 800-556-3418 or visit www.AREBA.org