We are thrilled to announce a new resource, Real Estate Practices Around the World, available at nar.realtor/global/real-estate-practices-around-the-world.
Countries who share borders or even some customs might seem so similar, it’s expected the real estate process works the same way. However, each country has its own nuances. For some, title insurance doesn’t exist, referral fees aren’t common, or the presence of an attorney would signify something is wrong. When working outside your home country, it is important to be educated in the practices so you can best prepare your clients for the process.
The new resource library is intended to provide general guidelines on practices in countries around the world as provided by our Cooperating Association partners. As always, when conducting business in another country, make sure you are connected to the association and/or agents in that country so you aren’t violating any laws or regulations. Often, a co-marketing or co-brokering relationship is best.
If your country isn’t represented in the resource library, let us know and we’ll send you the template.