Stage 1: Local Markets
Global Real Estate: "Local Markets" is the first of five international courses developed by Global Business and Alliances of the NATIONAL ASSOCIATION OF REALTORS® (NAR). This course is designed to introduce real estate professionals to the basic skills and knowledge necessary to facilitate international real estate transactions. This is the prerequisite course required to earn the Certified International Property Specialist (CIPS) designation.

The course is designed to benefit experienced international professionals, individuals with real estate experience who are considering international specialization, and NAR general membership.

Course Objectives

As the first CIPS course, Global Real Estate: Local Markets introduces participants to the unique dimensions of international practice. The course is designed to create an awareness of:

·         Globalization of economies

·         International capital flow

·         Effects of currency exchange on transactions

·         Basic principles and trends in international investment

·         U.S. regulation of inbound investment

·         Cross-cultural relationships

·         Diversity and inclusive real estate practices

·         Marketing and business planning strategies

·         Roles and expectations in international transactions