What Is REBAC?
REBAC focuses on buyer representation. While it is now a broadly-accepted, mainstream business model in real estate circles, it’s sometimes easy to forget that it wasn’t always so—and how quickly the shift occurred. Within the http://www.realtor.org/, buyer representation officially took hold in November 1996, when NAR acquired the then-independent Real Estate Buyer’s Agent Council (REBAC), giving full support to a trend that had been gaining momentum throughout the 1980s.
Now, ten years later, REBAC has enjoyed exponential growth and is the largest of NAR’s Institutes, Societies, and Councils. Numbering more than 40,000, active REBAC members span the globe, with nearly three quarters holding their Accredited Buyer’s Representative (ABR®) designation.
REBAC’s course provider network—the many real estate associations and schools that offer REBAC courses—is equally or even more impressive, encompassing and extending well beyond the U.S. More than 136,000 real estate professionals have participated in REBAC-sponsored education.