presented by the global real estate committee south bay association of realtors® tuesday, september...

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 .