The world is getting smaller, but your backyard is getting much, much larger. Did you know that international homebuyers purchased property in every U.S. state last year? From March 2012 to March 2013, these global investors purchased $68.2 billion in U.S. residential real estate. There is a lot of money to be made in the global marketplace, but to be successful, you’ll need to learn the ins and outs of international real estate laws and practices. You’ll also need to learn about the cultural etiquette of your foreign clients, to avoid making faux-pas that could damage your relationships with them.
Take this quiz to find out how much you know about working with foreign buyers and sellers, and let us know how you do in the comments section!