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NAR's CIPS Network
Certified International Property Specialist - The CIPS designation is awarded by NAR. It requires a combination of CIPS courses, international real estate experience, personal resume and elective credits that can include a combination of formal education, language ability, other designations, committee service and international organization activities. CIPS courses leading to the Certified International Property Specialist designation provide instruction on: international economies, capital flow and history of foreign capital, currency, economic and social factors in capital investment, market assessment techniques, trends and forecasts, U.S. Tax Laws, tax treaties, state/local regulations, cultural differences, foreign client expectations, transaction problems, etc.
The five required core courses leading to the designation are:
1. Essentials of International Real Estate
2. Asia Pacific and International Real Estate
3. The Americas and International Real Estate
4. Europe and International Real Estate
5. International Investment and Financial Analysis
Every day, real estate professionals facilitate transactions with clients overseas, or with multicultural clients in their own communities. Yet only 1500+ REALTORS® from around the world have earned the right to use the professional designation CIPS after their name. Those who have become Certified International Property Specialist designees have fulfilled the program requirements (academic and/or experiential) administered by NAR's International Operations Division. 85% of CIPS designees have 10 years or more experience in real estate, while 35% have more than 20 years experience. CIPS designees represent dozens of countries and languages. More than 30% of CIPS designees were either born outside the U.S. or are now living outside U.S. borders. Local community and business organizations, including Chambers of Commerce and REALTOR® associations, rely on CIPS designees as international resources of expertise in today's global marketplace. CIPS designees have several exclusive networking events throughout the year.
The
Certified International Property Specialist Network (CIPS Network) is
the specialty membership group for international practitioners of the
National Association of REALTORS®, the world's largest trade
association. The CIPS Network is comprised of 1,500 real estate
professionals who deal in all types of real estate, but with one
common element: they are focused specifically on the "international"
market. Whether traveling abroad to put deals together, assisting
foreign investors, helping local buyers invest abroad, or serving an
immigrant niche in local markets, CIPS members are consumers' best
resource to ensure they are dealing with a professional skilled in the
unique aspects of international real estate.
Through NAR's
alliances with 70 national and regional Cooperating Associations
around the globe, the CIPS Network is attracting a growing number of
members from outside the
US. The Network
has over 1,500 CIPS designees with approximately another 300 CIPS
Network members working to complete their course work and other
requirements for designation status. 300 CIPS Network members live and
work outside the
US and belong to
one of NAR's international partners.
CIPS Network
Structure
Cooperating
Associations: NAR maintains formal relationships with organized real
estate associations around the world
Ambassador
Associations: A state or local REALTOR® association is paired with
each foreign association to provide customized, one-to-one interface
not always possible at the national level where 70+ associations must
be served by one entity. Pairings are determined by a variety of
factors, e.g., size, geographical location, language affinities, and
demographic makeup of the association members. Most important,
however, is the interest, commitment, and enthusiasm of the
association's volunteer leaders and executive officer.
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