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Maba Pledge

MABA Pledge to its Clients: The Home Buyer in MA

MABA agents are committed to buyer agency. As members of a non-profit organization, every MABA agent has taken a pledge of undivided loyalty to each client: the home buyer in MA. This commitment separates MABA buyer agents from the majority of buyer agents. Specifically, that MABA agents practice true fiduciary agency and no one else in your agent's office will be representing the seller of the home you want to buy.

As a MABA Agent, I promise that I and my firm will:

  • ALWAYS put the Buyer Client's interests first and negotiate for the lowest price and most favorable terms possible.
  • ALWAYS disclose any potential conflicts of interest as soon as they arise, including any relationships with property sellers, i.e. for sale by owner advertising, facilitator agreements, or represented sellers, before entering into a service agreement with a prospective Buyer Client.
  • ALWAYS disclose any interest I and/or my firm may have in real property that may be for sale during the term of a Client's service agreement that would be located in my service area before entering into a service agreement with a prospective Buyer Client.
  • ALWAYS disclose any interest I and/or my firm may have in any other real estate firm located in my service area before entering into a service agreement with a prospective Buyer Client.
  • NEVER represent both the Buyer and the Seller in the same transaction.
  • NEVER accept incentives to show or to sell any specific property without full disclosure and specific informed consent of the Client.
  • NEVER accept incentives to refer a Buyer Client to any specific lender, inspector, lawyer or any other service provider without the full disclosure and specific informed consent of the Client.
  • NEVER ask a Buyer Client to waive his/her right to full buyer representation.
 
 
 

Latest from the Blog

  • Closed Home Sales Down in April After Record Inventory Lows and Rising Prices

    Median Sales Prices Have Seen Year-Over-Year Increases for 19 Straight Months

    WALTHAM, Mass. – May 23, 2017 – The Massachusetts Association of Realtors® (MAR) reported today that low inventory and rising prices caught up to the spring market, with single-family home sales decreasing over eight percent from this time last year. Both single-family and condominium prices saw a hike. Condominium sales decreased almost 10 percent from April 2016.

    April Closed Sales:

    Single-Family April 2017 April 2016 %Change
    Sales 3,735 4,082 -8.5%
    Median Price $362,500 $349,900 +3.6%
    • Closed sales have been down for four out of the last 12 months
    • Median prices have been up or flat for 16 out of the last 17 months
    Condominium April 2017 April 2016 %Change
    Sales 1,455 1,607 -9.5%
    Median Price $345,000 $329,950 +4.6%
    • Closed sales have been down for four out of the last 12 months
    • Median prices have been up or flat for 16 out of the last 17 months

    “With the current trend of plunging inventory and rising prices, the odds were strong that sales increases of the winter market would be unsustainable through the spring,” said 2017 MAR President Paul Yorkis, president of Patriot Real Estate in Medway. “The demand is there; we just need more homes on the market to satisfy that demand.”

    Inventory and Days on Market:

    Single-Family April 2017 April 2016 %Change
    Inventory 13,234 19,392 -31.8%
    Months of Supply 2.7 4.0 -32.5%
    Days on Market 81 107 -24.3%
    New Listings 7,706 8,513 -9.5%
    • 62nd time in the last 63 months of year-over-year inventory decreases
    Condominium April 2017 April 2016 %Change
    Inventory 1,455 1,607 -9.5%
    Months of Supply 2.0 2.8 -28.6%
    Days on Market 60 78 -23.1%
    New Listings 2,640 2,971 -11.1%
    • Inventory down for 16 out of the last 17 months

    “Unfortunately, our existing level of inventory makes it hard for us to meet our current and future housing needs,” said Yorkis. “If we don’t do anything soon, it will have a negative impact on the entire Massachusetts economy.”

    If you are thinking of buying a home anywhere in the state of Massachusetts, it is in your best interest to work with a member of the Massachusetts Association of Buyer Agents. These men and women are dedicated to working exclusively on your behalf to ensure that you have the best possible home-buying experience. Find a MABA agent here.