Certified International Property Specialist (CIPS) has become the next target designation. Coupled with the CLHMS, it expands the upper tier market niche to exotic overseas destinations, as well as opening the door to working with buyers from overseas.
The EURO / US Dollar exchange rate being very favorable to the Europeans right now, as is the UK £ / US $ exchange rate favors the British, the prices on U.S. second and vacation home properties is particularly attractive, especially to avid golfers who seem to be swooping in to take advantage of bargains in Florida and Arizona.
I heard of one Scottish golfer who recently purchased three homes on a Florida golf course - what "fore" you ask - one for him and two to rent out of "course".
NAR says:
The Certified International Property Specialist (CIPS) course curriculum is the educational foundation of the CIPS Network. It distinguishes CIPS designees as individuals who have both hands-on experience in international real estate transactions, as well as successfully completed an intensive seven-day program of study focusing on critical aspects of transnational transactions, including currency and exchange rate issues and cross-cultural relationships, regional market conditions, investment performance, tax issues and more.
Of particular interest was that the production requirement can be met by international transactions, helping international buyers purchase in the USA, or helping local buyers from a different cultural background purchase locally. Time to break out a copy of Kiss, Bow or Shake Hands!
Comments(0)