GATEWAY PERSPECTIVES: Global Markets Matter

Richard Haggerty | October 2017

As reported in this edition of Real Estate In-Depth, the Hudson Gateway Association of Realtors and the Staten Island Board of Realtors co-hosted a Global Summit event on October 2nd. Hundreds of attendees congregated at the Marriott Marquis in Midtown Manhattan to hear from industry experts on the importance of having a global perspective and how agents can benefit financially by creating a global network for both incoming and outgoing referrals.

In her column HGAR President Dorothy Botsoe does an absolutely terrific job summarizing the tremendous opportunities, which exist in the global real estate marketplace. How can you capture this lucrative global audience? New York City and the suburban counties that surround it are one of the most sought after locations for foreign buyers, especially given the international business presence in the city. As Dorothy indicates in her column, we need to learn more about global real estate and, as a community, be prepared for what’s to come.

To that end the HGAR Board of Directors has authorized the Fair Housing and Cultural Diversity Committee, chaired by Gloria Welcome, to research the possible creation of a Global Business Council. Global Business Councils are groups within the local board structure of NAR dedicated to globally-themed education, programming, and networking for its members.

Such councils, comprised of volunteers and staff liaisons, take the lead in planning global programs, hosting CIPS (Certified International Property Specialists) courses and collaborating with neighboring boards to build awareness among members of the global business opportunities that surround them. Our Global Summit with the Staten Island Board is an example of such an opportunity. The Fair Housing and Cultural Diversity Committee conducted an International Real Estate program on October 11th, which featured specific examples of how our members can benefit from a global perspective, with excellent presentations from Carol Kope, Diane Cummins and Teresa Belmore.

In the event the Fair Housing and Cultural Diversity Committee and the HGAR Board of Directors recommends the launch of a HGAR sponsored Global Business Council, I would expect many more tools and networking opportunities to be offered to our members to help them leverage and succeed in the global real estate market. Stay tuned for more to come.

 

Richard Haggerty
HGAR CEO