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International Fact Sheet
- A transaction with a client who was born, or previously resided, in a country outside the USA is an international one.
- The percentage of home ownership among foreign-born naturalized citizens who have been in the US for at least six years is equivalent to the home ownership rate for the nation as a whole.
- $1 out of every $3 of total US capital investment has foreign origins. $1 out of every $5 used to fund residential mortgages comes from abroad.
- While foreign language proficiency is helpful, English is the international business language of the world, which is particularly fortunate for American Brokers.
- International real estate is not limited to jet-setting clients seeking vacation homes in the Mediterranean or to investor groups seeking to finance upscale hotels in foreign locations. International transactions are happening all the time in cities of all sizes.
- Immigration plays a large role in the explosive growth of international practice. According to Fannie Mae's housing survey, new immigrants are more likely to seek to own a home than are US citizens.
- The international market can create a large referral network, particularly through word of mouth. Once a REALTORŪ is recognized for expertise in the international market, the potential can be limitless.
- From an International Real Estate Section survey, 90% of U.S. members and 84% of non-U.S. members believe the CIPS designation can make a REALTORŪ more profitable.
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