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Volume 4, Number 1
- March 2011 Click here if you have trouble
viewing this message.
Did You Know... that foreign
buyers and recent immigrants purchased 7% of the total
U.S. residential market last year, paid a higher median
price and paid cash 55% of the time?
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| Open-Ended Questions Help
Communication with International Clients |
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(Reprinted with permission of
Culture
Coach)
When
dealing with clients and customers whose primary
language is one other than English, REALTORS® are likely
to get simple 'yes' and 'no' answers to questions, as
this is a tendency of anyone not fluent in the
language. This sets the stage for possible
misunderstandings and worse, failure to close a
deal. To help ensure more thorough communication,
phrase questions as open-ended, e.g., "Can you tell me
what you like or don't like about this property?" If the
client or customer isn't able to respond fully, you know
you need to probe more and/or get assistance from a
translator. |
| Global Alliances Equal
Endless Opportunities |
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The National Association of REALTORS® maintains
formal relationships with more than 80 organized real
estate associations, giving REALTORS® confidence in
working with professionals that abide by a code of
ethics. Existing in nearly 60 countries, these
partnerships help you establish business partnerships
and referral opportunities. Choose a country that
interests you … have you traveled somewhere recently or
are you planning a summer vacation? Why not see
what opportunities are available with that country? The
Global Alliances page is a great place
to start your research. Your "local real estate
market" has endless global
opportunities! |
| CIPS Spotlight: Barbara
Schmerzler |
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Barbara Schmerzler is the
Designated REALTOR® of U.S. Homefinders, Inc. in
Westport. With over 30 years experience and a Certified
International Property Specialist (CIPS) since 2000,
Barbara helps those around the globe understand that
business opportunities exist across borders.
The former Treasurer and Past President of the
Connecticut Association of REALTORS®, Barbara has been
active locally, nationally and internationally.
She’s held numerous Chairmanships in the NAR Global
Business and Alliances Group most recently serving as
2009 Chair of the Global Operations Committee.
Barbara was instrumental in the coordination of CAR’s
first International Committee which she chaired in 1999
and she received NAR’s President’s Liaison Award as the
Outstanding Liaison in 2010.
"Connecticut's French Connection", Barbara has been
the Liaison working with France’s Federation Nationale
de l’Immobilier (FNAIM) since 2004. In this role,
she was involved in organizing a CIPS Institute in Paris
which drew many American agents together with their
French counterparts. Barbara participates in
FNAIM's annual International Convention and European
Forum each year and has coordinated numerous "trade
missions" between Connecticut and French agents.
"The CIPS designation is important not only because
it teaches basics such as how to measure properties in
meters and convert money from one currency to another,
it’s important because it teaches how to respect, honor
and treat people who are of a different culture than our
own. Most other cultures treasure the social interaction
of getting to really know who they are communicating
with and to establish a relationship between
the parties. The CIPS designation teaches the
correct way to treat people for a lasting relationship."
Barbara believes that while our countries may differ
from one another culturally, ethnically and in business
practices, the end goal is still a smooth
transaction. |
| The
ABC's of International Acronyms |
| In an international survey
conducted by CAR, 93% of respondents did not know what
the acronym "FNAIM" stood for. FNAIM stands for the
Federation Nationale de l'lmmobilier. Connecticut is the
Ambassador Association to FNAIM. Much like the
National Association of REALTORS®, FNAIM is responsible
for the continuity of France's 11,000 real estate
agencies. It is the largest estate agency
association in France and has protected the interests of
buyers, vendors and property professionals since
1946. Through FNAIM, all agents are required to
have a license, hold insurance as well as provide a
financial guarantee. FNAIM has a strict
professional code of conduct and updates its members on
important changes in property regulations (from septic
to financing). Click here to find out more about the
Federation Nationale de
l'lmmobilier. | |
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International
IQ
Click here to take a brief quiz
and test your international IQ.
Get all 5 questions right and
enter by 4/8/11 to win a $25 restaurant.com gift
certificate!
International
BYB (Build Your Business) Tip
#6
Become an International Friend on
Facebook! There are more than 500 million active
Facebook users with more than 70 translations available
on the site. In fact, about 70% of Facebook users
are outside of the United States. Visit NAR International REALTOR® Members |
Facebook and “Like” it. Start
discussions, learn about upcoming events and make some
international friends. When you “like” a page your
friends also see this – a great opportunity to promote
your International expertise.
International
Calendar
Click here for a full list of
upcoming international meetings, events, conferences and
expositions.
Check out the international
resources available on CAR's website at http://www.ctrealtor.com/,
click on the Programs/Events tab, then
International Program.
Click here
to visit NAR's International
website.
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