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Rainmaker
748,912
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

They've been around longer than I have and that's 20 years.
In fact, the answer is in the website that you posted:


NAEBA was formed in the mid-1990s after industry lobbyists redefined how agency works. The creation of “dual agency” was a big win for traditional real estate brokerages, allowing the collection of real estate commissions from both the buying and selling side of the transaction, but it left home buyers at a serious disadvantage.

Aug 13, 2019 01:58 PM
Rainmaker
547,457
Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

The first Exclusive Buyer Agency organization was REBAC...that was in the early 1990's.  

REBAC was then sold to NAR and turned into a traditional organization with strong dual agency presence.

NAEBA was then formed in 1995...I have been a member since then.  They only accept Buyer Agency offices that never represent sellers.

Eve

Aug 13, 2019 05:08 PM
Ambassador
4,070,325
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

No, they have been around for sometime. No doubt the exclusive buyer agents (e.g., Eve Alexander comes immediately to mind) here on AR are well aware

Aug 13, 2019 02:06 PM
Rainmaker
1,264,022
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I only found out about them recently when someone (I think Lyn Sims) posted here about their remarks on redfin's "Buy it now" button.  Obviously, not a group I'd belong to as I represent mainly sellers and have zero issue with dual agency.

Aug 13, 2019 10:57 PM
Rainmaker
712,939
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

If your business model is to represent only buyers, that is the group to which you should belong.

Aug 13, 2019 04:23 PM
Rainer
477,036
Rose Mary Justice
Synergy Realty Pros - Dandridge, TN
Synergy Realty Pros

Says they were formed in 1990.  I had not heard of it but then again I am open to learning something new daily.

Aug 13, 2019 02:50 PM
Rainmaker
1,659,302
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

I'd never heard of it Peter Mohylsky, South Walton but I pretty much focused on Sellers so it would not interest me to get signed up.

Aug 13, 2019 02:04 PM
Ambassador
2,240,416
Wanda Kubat-Nerdin - Wanda Can!
Prado Real Estate South - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Yes, they are exclusive buyer agents only and do not accept listings. And also what Candice A. Donofrio said.

Aug 13, 2019 02:04 PM
Ambassador
3,444,925
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Not new - at least 15 years old, Peter. 

Aug 13, 2019 08:35 PM
Rainmaker
3,128,465
Richard Weeks
Dallas, TX
REALTOR®, Broker

Candice A. Donofrio has your answer.

Aug 14, 2019 06:32 AM
Rainmaker
3,213,204
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

They've been around for quite a while.

Aug 14, 2019 06:20 AM
Rainmaker
451,211
Greg Cremia
Shore Realty of the Outer Banks - Nags Head, NC

I didn't know they were still around.

Aug 14, 2019 05:50 AM
Ambassador
4,371,030
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

No, they have been around for a while.

Aug 13, 2019 11:22 PM
Rainmaker
941,240
Thomas J. Nelson, Realtor e-Pro, CRS, RCS-D, Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Nothing new under the sun.

Aug 13, 2019 09:19 PM
Rainmaker
4,574,255
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Peter,

Looks like Candice A. Donofrio answered.  A

Aug 13, 2019 04:00 PM
Rainmaker
5,121,072
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

there are a few in our area.... they're made up of attorneys.... I'm on their list for referrals for listings..... they have me on file....

everyone should have proper representation..... we're listing agents....whether a buyer wants to work through us or not, we are listing agents not dual agents.....buyers need an agent.

Aug 13, 2019 03:21 PM
Rainmaker
1,557,954
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Another club with initials that agents pay dues to. Yikes.

In the AR Peeps Group we did a really good post about all the great things a buyers agent does for the client. 

Candice A. Donofrio added another 50 points of value.

Aug 14, 2019 10:35 AM
Rainmaker
1,559,430
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Never heard of it. Appears like a new way to separate agents from their hard-earned money!

Aug 14, 2019 08:27 AM
Rainmaker
3,365,914
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

A new one for me, but not surprised!

Aug 14, 2019 05:00 AM
Rainmaker
5,506,548
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Nope.

Aug 14, 2019 03:54 PM
Ambassador
2,105,641
Michelle Cherie CarrCrowe Just Call...408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

I was one of the first ABR's through REBAC when it was new. Hadn't heard of this one till you posted the question.

Aug 14, 2019 02:43 PM
Rainmaker
1,697,578
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

I don't like the name of that company. :)

Aug 14, 2019 01:07 PM
Rainmaker
2,826,521
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Looks like Eve Alexander nailed this one! 

Aug 14, 2019 10:39 AM
Rainmaker
1,035,503
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

  Very few people here use buyer realtors anymore. The technology replaced most and buyers go direct. Want rebate go to RF.

Aug 14, 2019 06:24 AM
Rainmaker
479,156
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

I was one of the first ABR's in Wisconsin in 1995 and have been a Member of REBAC  ever since then. I did not know about this other one until you asked the Question here.

Aug 14, 2019 05:21 PM
Rainmaker
4,160,435
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I am more of a listing agent, so have not seen this.

Sep 03, 2019 08:57 AM
Rainmaker
3,243,238
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

They been around since the 90's I think.

 

Aug 15, 2019 02:16 PM
Rainmaker
1,258,183
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Interesting information. 

Never heard about it. 

Aug 15, 2019 01:33 PM