Realtors® Congregate In Washington
By John K. Glaab, CIPS
More than 8,000 members of The National Association of Realtors® met in Washington, D.C. for the mid year meetings held each year in May. While most were from the United States, others were from around the world including Mexico. Sergio Gomez, Vice President of the Association of Mexican Real Estate Processionals (AMPI) and John Glaab from La Paz, Baja California Sur who were in Washington for the event.
One of the more popular events during the week of meetings was the “2011Symposium On Mortgage Liquidity: Ensuring Mortgage Availability for Creditworthy Homebuyers.” Emmy Award winning journalist Diana Olick real estate reporter for CNBC moderated a nine person panel. Among those participating on the panel were representatives from J.P. Morgan Chase, Wells Fargo, Bank of America, and David H. Stevens, Incoming President of the Mortgage Bankers Association of America. Following a free flowing discussion on the subject, Diana Olick moderated a lively Q & A session. During that session, bankers took the heat on several issues, including the heavy restrictions they currently are placing on loans and the time frame for processing paper on transactions involving the sale of foreclosed properties.
Three events I always enjoy are the Certified International Property Specialist (CIPS) New Designee Recognition Breakfast, the International Networking Reception and the Committee Meeting of the Global Alliances Group. At the breakfast there is a ceremony where new Designees receive their certificates and PINS. In attendance were new Designees from Singapore, Italy, Costa Rico, Korea, The Philippines and Mexico. In 2010, 460 were added to the roll with 218 earning the destination so far in 2011. We are now over 4,000, world wide. The international reception allows conference goers to renew acquaintances with Realtors® from around the world and make new friends.
Each year as a part of the meetings, there are embassy visits for CIPS Designees. Selected members go in groups of eleven to one of the four designated embassies. Being invited to go is almost like winning a lottery. (Three years ago, I was fortunate to have been selected to visit the Mexican Embassy. Our Group met with Mexico’s NAFTA team. I have remained in contact with them even, today.)
This year, India, Peru, Poland and Spain were on the list. I was selected for the visit to Spanish Embassy. Our group was led by Veronica Seva- Gonzalez, CIPS formerly of Barcelona and now living in D.C. Her mother is in real estate sales in Barcelona. We were warmly received by Fernando Merry, Head Economic and Commercial Counselor and Jurdana Izaguirre of the Embassy’s Investment Department. We explained the CIPS program and the role of NAR in U.S. real estate. Fernando spoke about the work of his department, fomenting trade between his country and the U.S. He reported on the work of two Spanish companies, working in the energy and transportation sectors. One is the world’s largest producer of wind turbines. The other is working technology for high speed trains.
During the week, U.S. REALTORS® made “Hill Visits”. The purpose was to lobby representatives seeking support for NAR’s 2011 Federal Policy Agenda. Three of the five items on this year’s NAR Agenda are; Access to affordable mortgage products, The Future of the Secondary Mortgage Market and Preserving Home Ownership Tax Benefits.
The 2011 Annual NAR Conference will be held in Anaheim, CA. November 11-14. Over 20,000 are expected to attend.
About the author:
John Glaab is a Certified International Property Specialist. A member of AMPI La Paz, he is active in NAR’s Global Business Alliances Group.