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| FAQ’s | | Print | |
Q. Why do the public look for REBAA members?A. As a member of REBAA you are demonstrating to members of the public that you are a professional who stands for honesty, truth, integrity and ethical standards. Q. I am an employee – can I join?A. No, membership is corporate only, so the company you work for needs to apply. Q. How long does it take to become a member?A. Membership applications are processed usually within two weeks, but can be sooner if you require. If you have 12 months experience as a buyer’s agent, then you will be eligible for full membership. If you are new to the industry, you may still be eligible for associate membership, which is upgraded to full membership once you have the required amount of experience. Q. How much does membership of REBAA cost?A. There is a one-off joining fee of $150. Annual subscriptions are $1,000 for full membership, and $500 for associate membership. Q. How do I start my own buyer’s agency business?A. Please refer to the How to Become a Buyer’s Agent section of this website. Q. What is the difference between a buyer's agent and a selling agent ?A. Essentially a selling or listing agent represents the seller and a buyer's agent solely represents the buyer in a real estate transaction. Q. Are buyer's agents fees tax deductible?A. For property investors the fees are deductible for the purposes of capital gain calculations, but are not assesed as an annual deduction for tax returns. Q. Do buyer's agents sell property?A. Exclusive buyer's agents such as REBAA members do not sell property. Q. What do buyer's agents cost?A. Fees vary depending on the scope of works required eg full property search, negotiation only, auction bidding etc.
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