Real estate buyers or sellers from other parts of the world rely on the real estate professional’s guidance and market knowledge to make decisions. When distance, language, and culture figure into the transaction, the real estate professional’s guidance gains even more importance.
Conducting foreign transactions requires a real estate professional with a unique knowledge base and skill set. Knowledge of foreign markets, the metric system of measurement, varying tax laws, visa regulations, currency fluctuations from offer to closing, value concepts and compiling property data for decision making are all key pieces of an international transaction.
The CIPS Designated REALTORS® are educated in:
- How customary real estate practices are needed to be modified when working with international clients or properties. For that reason, it is important for international professionals to be familiar with the skills needed.
- The tools and concepts to serve clients and customers in the global real estate market. They know how to research markets, convert metric measures, monitor currency trends, alert clients to tax and visa matters, and how to follow a process for compiling transaction information.