Your International Association

October 1, 1998

Although once the specialty of a few REALTORS® seeking business opportunities abroad, international real estate is becoming of interest to more and more of our members—whether they seek challenges in other countries or opportunities here in dealing with the new wave of immigrants.

Technology is one factor enabling REALTORS® to go global. Another is the many resources available through NAR.

If you have an interest in becoming an international specialist, your national association is there to help with top-notch educational programs and the highest- quality business referral base and services for international transactions.

To mark the importance of international real estate as an emerging discipline, we’re replacing what has been known as the International Section with the newly formed Certified International Property Specialist Network.

The CIPS Network emphasizes international real estate education, especially the pursuit of the Certified International Property Specialist designation. Currently, there are more than 500 CIPS designees throughout the world. REALTORS® who hold the CIPS designation have a marketing and networking edge. They're also better equipped to meet the challenges of different cultures, time zones, foreign business practices, and exchange rates.

It’s not a one-way street. Just as we Americans are interested in international real estate, so, too, are professionals from other countries looking to learn from the successful methods we’ve developed in this country. Over the past year, I've had the opportunity to meet many people from overseas who look to U.S. real estate business practices and NAR’s Code of Ethics as standards for their own countries.

In November more than 1,000 professionals from other countries will join us in Anaheim, Calif., for the NAR convention. If you're there, you can learn more about the opportunities available in international real estate by stopping at the new International Business Center.

The trend is clear. Our 20th-century national association is transforming into a 21st-century international association. Why not come along?

R. Layne Morrill was 1998 president of the NATIONAL ASSOCIATION OF REALTORS®.

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