Tom Wemett is a 35+ year real estate veteran. Past President of NAEBA. Founding member of the National Association of Exclusive Buyer Agents

Tom’s Background

Tom Wemett became a NY State licensed real estate broker in 1973 after spending several years engaged in real estate management and investment. Tom served as the Secretary/Treasurer of a family owned Shell Oil gas and fuel oil distributorship south of Rochester, NY. His real estate experience for the family business included real estate maintenance and management. When the family business was sold in 1970 he continued his real estate career as a negotiator for a real estate investor, putting together real estate investment deals in 15 states totaling approximately $22 Million.

Over the years, Tom has been employed with other real estate firms as well as owned and operated his own. He opened a Help-U-Sell franchise in 1988 focused on serving the needs of home sellers. However, his desire was to find a way to help home buyers rather than home sellers. In 1978, the FTC, the Federal Trade Commission, conducted a survey of home sellers and home buyers. The results, published in 1982 showed much confusion in the real estate industry. 75% or so of buyers thought the agent they were working with “represented” them. That was not the case in the 1970’s and early 1980’s. True buyer representation hadn’t come on the scene yet. There were some isolated examples of brokers who represented buyers only, but they were rare and perhaps only a dozen or so at the time. So, although home buyers thought they had representation, they didn’t. To underscore the confusing situation, another startling statistic emerged from the survey. Nearly the same percentage of home sellers also thought the agent was representing the buyer.

Tom decided to represent buyers only and formed his own “exclusive buyer agency” in 1992. Tom is a founding member of NAEBA, the National Association of Exclusive Buyer Agents and served as their National President in 2002-2003. Tom quickly became a well known national authority with regard to the representation of home buyers and continues to be involved with the buyer agency movement on a local and national basis. Tom is the founder, manager and broker of record for Home Buyers Best Realty LLC, continuing to serve the needs of home buyers only in the greater Albany, NY, Capital Region.