What do you know about international real estate?
04/15/2015 | Author: Editorial Staff
You can be part of the $11 billion international real estate industry in Texas by earning NAR's Certified International Property Specialist (CIPS) designation. Here are a few examples of information you'll learn in the CIPS classes to get started in this growing market.
1. True or false? Most foreign real estate buyers pay cash for their purchases in the United States.
2. Which of the following are favorable characteristics of a country’s real estate market?
a. Rational land-use regulations
b. Laws that favor private-property rights
c. Real estate agents’ professionalism and licensing
d. Accessible and reliable property-title records
e. All of the above
3. True or false? All countries have uniform licensing standards for real estate agents.
Get certified this summer
Texas REALTORS® University will offer the CIPS Institute—that’s all five CIPS classes back-to-back—June 10-12 and 15-16 via interactive broadcast at local associations across Texas. Visit the Find a Course page on texasrealestate.com and select “CIPS Designation” in the Groups field to register. If you don’t see a location near you listed, contact your local association to request the classes.
And now, the answers ...
1. True. About 60% of international buyers paid cash for their U.S. properties, according to NAR's latest Profile of International Home Buying Activity.
2. e. All of the above. These are just a few of the characteristics that make a country's market favorable to investors.
3. False. Every country has different requirements, and some have none at all. But CIPS designees are members of a worldwide network of professional real estate practitioners.
The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.
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