When it comes to global real estate, there are several hurdles to jump and obstacles to avoid.
From the language barrier to appropriate business etiquette and currency exchange, there are several barriers to break through in order to capture the growing international market. To overcome global real estate challenges, you must get your listings in front of international consumers and arm yourself with the tools needed to become a trusted resource.
Overcoming Global Real Estate Challenges – Obtaining Certified International Property Specialist (CIPS) designation
By earning your CIPS designation you gain access to the robust CIPS Network and become a more trusted resource for your clients. This member-only group, organized for the National Association of REALTORS® (NAR), is designed for real estate pros working with international clients. The network provides brokers with the knowledge, research, network and tools to improve your business global proposition.
The 2017 CIPS Designee survey found that members reported a median income of $107,500, significantly higher than the $42,500 median gross income of the average REALTOR® as reported in the 2017 NAR Member Profile. Furthermore, CIPS designated real estate pros earned an average of $28,750 from global transactions when 25% of their business is internationally dedicated. In addition to the financial benefits, members enjoy:
- Use of the internationally-recognized CIPS logo and brand
- Featured profile in CIPS Directory
- CIPS-only Facebook group
- 2-minute videos (how-to, benefit highlight, hot topic “training”, etc)
- Magazine ad discounts
- CIPS mentor program
- IREC TRade Mission
- Local/REgional Networking – Global Councils
With international home sales reaching an all-time high of $153 billion in 2017, those who commit to global real estate success stand to make great gains. ListHub has partnered with the National Association of REALTORS® to exclusively provide ListHub Global customers with 25% off CIPS online courses. In addition, CIPS designees receive 10% off ListHub Global. Click here to learn more about the partnership, aimed to provide real estate professionals with best-in-class international listing distribution and global education.
