ORRA hosts record-breaking “Certified International Property Specialist” Institute
Tuesday, October 29, 2013
Posted by: Lisa McDuffie
More than 100 REALTORS® are in attendance at the Certified International Property Specialist Institute concluding today at the Orlando Regional REALTOR® Association, making it the largest institute ever held in the United States.
REALTORS® who complete the five-day institute and meet additional rigorous requirements earn the Certified International Property Specialist (CIPS) designation and are then uniquely qualified to serve foreign homebuyers and sellers. Educational topics covered in the CIPS designation program teach REALTORS® how to address the complicated financial, legal, and cultural considerations that come with an international clientele.
"It’s not surprising that a record number of Orlando-area REALTORS® would seek to earn the coveted CIPS designation and specialize in international sales,” says ORRA Chairman Steve Merchant, owner-broker of Global Realty International. "Florida is our country’s number one hotspot for international homebuyers* and Orlando is the state’s second most popular home-purchase location for foreign buyers, particularly those from Brazil and the United Kingdom**.”
According to the Florida REALTORS® Profile of International Home Buyers in Florida, 2013 Report, foreign buyers were involved in 9 percent of Florida’s real estate transactions between August 2012 and July 2013. If extrapolated for Orlando, that percentage would translate into about 2,800 of Orlando’s 31,000 transactions that took place during the time period.
*National Association of REALTORS® Profile of International Home Buying Activity
**Florida REALTORS® Profile of International Home Buyers in Florida, 2013 Report
The Orlando Regional REALTOR® Association, recognized as one of the most innovative local real estate associations in the country, represents more than 9,200 real estate professionals throughout Central Florida.