FIABCI-USA members gathered in Las Vegas for a Business Development Conference and Annual Meeting. The events focused on
the continued flow of real estate investment capital into the U.S. Residential
and commercial brokers, relocation experts, development consultants and luxury
property specialists met to capitalize on this trend and implement programs to
help U.S. communities attract international buyers. The core group also
discussed how to advise and protect clients who invest overseas.
China was the focus
as real estate investment from China has increased significantly over the last
years. FIABCI members were able to meet Mr. Shu Wu who represented 53 Chinese
real estate professionals who recently joined FIABCI-USA to establish
cooperative relationships with local partners. With Canada recently closing its
China investor VISA program, the rate of real estate investment from China to
the U.S. is expected to increase significantly. Discussions revolved around how
to educate the Chinese on the U.S. buying process and establish standard
practices for contracts, money transfers and closing deals. The FIABCI-USA
Board agreed to immediately conduct a Trade Mission to China in early July.
The highlight of the events was the Annual Celebration Dinner where the
Presidency of Bonnie Carris from Gig Harbor, WA was toasted and Edward Alford
of South Hadley, MA was installed as the new FIABCI-USA President. In addition
Elizabeth Davidson of Bellevue, WA; Joanne Douds of South Orange, NJ; BillEndsley of Chicago and Mai Lan Trinh of Houston were awarded Presidential Medals
of Honor. Also the Jack Sharp Memorial Membership Award was presented to Lance
Fulford of San Francisco. The events
were sponsored by Foxworth Realty www.foxworthrealtyonline.com and the National Association of Realtors www.realtor.org.