You’ve read about it in newspapers and seen it on news broadcasts and blogs. Real estate is booming in China, India, and other emerging markets. NAR is in the forefront of creating orderly markets, instilling best practices, and opening business opportunities. When your real estate business involves developing- and emerging-market clients or properties, you can be assured that NAR International Operations has already accomplished the advance work to bring order to the market and transparency and reliability to the transaction.

 

China—Education and Membership Initiatives

China is the world’s most populous nation with a foreign exchange reserve over $1 trillion, and $63 billion in foreign direct investment. Through alliances with government and private training centers, NAR is introducing U.S.-style real estate sales education. NAR membership options are also being explored. This initiative promises substantial long-term business development opportunities for REALTORS^®.

Society of Hong Kong Real Estate Agents

Chinese Real Estate Association

 

 

India—Association Development and Industry Best Practices

In 2007 NAR, with support from the International Real Property Foundation, facilitated the formation of a new, truly national association—the National Association of Realtors-India. The alliance with NAR-India opens the door for introduction of U.S.-style industry best practices in the second most populous nation in the world and a rapidly expanding real estate market.

 

Mexico—AMPI Joint Venture with NAR

In 2006 AMPI and NAR formed a joint membership venture. All 1,500 members of the Asociacion Mexicana de Profesionales Inmobiliarios (AMPI), Mexico’s national association for real estate professionals, are now International REALTOR^® members. Dues revenue is reinvested in AMPI’s organizational development and international business outreach activities. The Mexican market is of great significance to the U.S. real estate industry and not only because of the shared border. More than one million Americans live in Mexico—25 percent of all Americans living abroad, and it is a premiere retirement and vacation destination.

 

International Real Property Foundation

Originally founded in 1992 to support real estate markets in democratizing former Soviet Bloc countries in Eastern and Central Europe, the IRPF's objectives have broadened to include real estate association development around the world. The Foundation supports formation of professional real estate associations. IRPF helps members and professional staff develop leadership and management skills as well as formulate strategic business plans to further organizational and market development.

 

International Housing Coalition

NAR is a founding member of the International Housing Coalition which is dedicated to the goal of ‘Housing for All.” The coalition advocates for the basic principles of private property rights, secure tenure, effective title systems, and efficient and equitable housing finance systems. These principles are essential elements to furthering economic growth and development as well as civic stability and democratic values. The Coalition is a thought leader in the United Nations World Urban Forum which addresses one of the most pressing issues facing the world today—rapid urbanization and its impact on communities, cities, economies and policies.