NAR Joins Forces with Mexican Real Estate Group

Daily Real Estate News August 14, 2006

NAR Joins Forces with Mexican Real Estate GroupThe NATIONAL ASSOCIATION OF REALTORS® has formed a joint venture with the Mexican real estate association, Association Mexicana de Profesionales Immobiliarios, with the goal of creating more uniform real estate business standards between the United States and Mexico.

The agreement, which is NAR’s first-ever international joint venture, will result in all members of the Mexican association becoming dues-paying international members of NAR, allowing them to use the REALTOR® logo, registration mark, and limited international membership benefits.

All members of the Association Mexicana de Profesionales Immobiliarios, or AMPI, agree to abide by a Code of Ethics compatible with NAR’s. Only AMPI members will be allowed to use the REALTOR® logo and trademark in Mexico.Opens Door to Business Opportunities“This exciting new joint venture will result in more open, transparent, and standardized professional practices across the North American Free Trade Agreement marketplace," says Thomas M. Stevens, of Vienna, Va., president of NAR. "The REALTOR® brand will now be implemented in a standard manner across the United States, Canada, and Mexico."More than 40 percent of Americans living abroad are in these markets.

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