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Presented byThe Global Real Estate Committee
South Bay Association of REALTORS® Tuesday, September 11, 2012
Global real estate encompasses 3 categories of clients
Inbound Outbound
Local Multicultural
Examples include clients with specific religious or cultural sensitivities, immigrants, U.S.-based clients with global ties, first
generation Americans, Americans buying or relocating abroad, clients residing abroad, and foreign investors in the United
States.
Certifications
1800 CIPS Designees and over 2000 CIPS Network members in over 60 countries with 300+ additional 2011 Designees
CIPS Designees average $50,000 more/year than non-CIPS designees (2008 NAR U.S. survey)
Resort and Second Home business comes from global sources. often
One day NAR course for certification
Qualifies as an elective course towards CIPS designation
Check schedule at NAR for course dates by going to www.Training4RE.com
Half-day course developed by ICREA - International Consortium of Real Estate Associations
Online referral directory and global listings at WorldProperties.com
Exclusive use of TRC’s enforceable national and international referral agreement
5 training videos with listing, referral, networking, financial and marketing tools
CastlesAndEstates.comIRESCertifications.com
Digital Ink and Docusign are two electronic signature tools to consider when doing a transaction abroad.
FIABCI (International Real Estate Federation) mission is to help its members acquire knowledge, develop networks, and optimize business opportunities all over the world.
8 chapters in 48 countries. It has five official languages: English French German Japanese and Spanish.
For more information, go to www.fiabci.org
Realtor.org/Global - NAR GlobalRealtor.com/Global - online listingsebooks.realtor.org – NAR’s international libraryFIABCI.org – international real estate assoc.WorldProperties.com – global listings & TRCProxio.com – global listings & referralsListGlobally.com – global listing websitesImmobel.com – MLS translationsMoneycorp.com – currency exchange
There’s more.......
C.A.R. Facebook Group
facebook.com/groups/carglobalrealestateforum/
C.A.R. Linkedin Group linkedin.com/groups ?gid=43878857&trk=hb_side_g
South Bay AOR’s global resources southbayaor.com/globalrealestate.php
Our MLS is Global andYou even have your own International
free Website!
Global Business by the Numbers
$82 billion sold to foreign buyers and new immigrants between March 2010 and March 2011. 25% increase over the prior year and $88 billion in 2012 study.
$315,000 median price paid by global buyers ($100,000 higher )
62%of global buyers pay cash
Your QUESTIONS and FEEDBACKAre welcome
We depend on your comments in order to bring programs and classes of interest to you.
You are already global!
The foreign language library is free to access 24/7 in your Zipform® 6 account
Several forms are in Chinese, Korean Tagalog and Vietnamese
Forms included are1. Residential Lease or Month-to-Month Rental Agreement2. Notice of Change in Terms of Tenancy3. Keysafe/Lockbox Addendum and Tenant Permission to Access
Property4. Notice of Obligation to Pay Rental or Lease Payments in Cash5. Notice of Termination of Tenancy
Foreign language forms are for reference only and do not need to be signed. The English language version is legally binding .