Global Business Council

GLOBAL BUSINESS COUNCIL Empower Yourself Personally and Professionally with RASM GBC

By: Anita Lambert, GRI, CWS, PMN, C2EX, Certified International Property Specialist, Premier

Sotheby’s International Realty, & 2023 RASM GBC Chair

Did you know that international buyers purchase property in Florida more than in any other state? That is when we start to understand why the National Association of Realtors® (NAR), Florida REALTORS®, and our local Association work TOGETHER to help build real estate relationships all over the globe. More buyers from around the globe purchase real estate in Florida than in any other U.S. state. That’s why our Global Committees at NAR, Florida REALTORS®, and RASM are dedicated to building international ties.

GETTING INVOLVED

So HOW would you like to gain a piece of the action? How would you like your international business to grow in 2023? GBC members do NOT have to speak a foreign language! Luckily for us, the most common language spoken globally is English! Of course, it is beneficial if you DO speak another language, and we enthusiastically welcome new members with another culture and language to share with us at GBC! According to NAR’s 2021 Profile of International Residential Real Estate Activity survey:

ƒ $12.3 Billion is the dollar volume of Florida’s existing homes purchased by foreign buyers during August 2020–July 2021 and ƒ 22,500 existing homes were purchased in Florida by foreign buyers, which is 4% of existing-home sales.

COUNTRY SPOTLIGHTS

Do you know that more Americans are buying abroad? The strength of the dollar means more and more Americans are buying abroad for different reasons, and we will be featuring different country spotlight events to discover more about the most popular countries – such as Bahamas, Portugal, Italy, Spain, and Mexico – so we can be informed and ready when buyers want to talk about investing abroad.

COMMUNICATIONS

Another important goal for us is to continue to utilze technology to improve the quality and frequency of communications to you, our GBC members, as well as thereby creating valuable education, networking, and GLOBAL business-building opportunities for membership.

NAR’S GLOBAL ACHIEVEMENT PROGRAM

TRADE MISSIONS

So, at last, the world is open again to travelers, and there are no limits as to where we can actually travel again IN PERSON with global business and networking in mind, as well as participate in trade missions with NAR, Florida REALTORS®, and RASM’s Global Business Council! Are you curious about destinations such as France, Dubai, Panama, Canada, Mexico, and Spain? We will be discussing possibilities for RASM members to participate in trade missions to SOME of these exciting destinations so you can grow your international contacts and develop new global business opportunities.

OUTREACH

own RASM specialty groups, such as YPN and CREA, as well as with RAJC. The latter will bring education on international transactions from the ubiquitous legal standpoint, so we can learn all the important details, such as how to negotiate payment terms, deal with virtual notaries, and execute international contracts with our global bilateral partners. In addition, we will also partner on events with our neighboring Associations. Our first is to be held on January 11 with the Suncoast Global Council with a presentation on FIRPTA at the St. Petersburg Yacht Club. Be on the lookout for registration opening soon.

Lastly, the Global Achievement Program is designed by NAR to recognize and reward the most active associations in global business. Among the over 130 global business councils nationwide, each of these organizations has demonstrated the utmost commitment to helping members capture their share of the global real estate market in the United States, in addition to connecting their council and members to the global community in their local area. The 2023 GBC has the lofty goal of achieving the Platinum Award for 2023 (RASM has been awarded several times and most recently was awarded the Gold level in 2022). And actually, Florida REALTORS® was just awarded the title of the first state to ever achieve the Global Diamond Award from NAR. In summary, YOUR Global Business Council wishes to emulate the mission of your Association, which reads as follows: Engage, Learn, Impact and Lead. Empower and engage our Realtor® community by delivering essential services, resources, education and experiences that elevate member success and professionalism, while advocating for Realtor® initiatives and private property rights. •