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Founded in 1953, the Certified International Property Specialist (CIPS) is an international real estate education program sponsored by REALTOR® Boards and Associations throughout the United States. Designees are relied upon as expert resources in the international real estate market. This designation may be earned after successfully completing an intensive seven-day program of study focusing on critical aspects of transnational transactions, including currency and exchange rate issues, cross-cultural relationships, regional market conditions, investment performance, tax issues and more. U.S. members must be a REALTOR® and a member of the National Association of REALTORS®. A more detailed description of the six courses is provided below.
U.S. REALTORS® must complete the two-day "International Real Estate for Local Markets" (formerly "Essentials") before joining the CIPS Network. Non-U.S. practitioners are also encouraged to take this course, but it is not currently a requirement. Whether or not a practitioner intends to work toward the CIPS designation, this course is ideal for anyone who may encounter opportunities in their local market to assist in an international transaction, e.g., assisting an immigrant or foreign investor, or helping a U.S. resident purchase property abroad.
Six courses (five of which are required - only three of the four one-day regional courses are necessary) comprise the education program of the CIPS Network. The prerequisite "International Real Estate for Local Markets" course is required for CIPS membership and the remaining courses must be completed within two years of declaring candidacy for CIPS Network members. Following is a description of each course and a current course schedule.
VanEd is proud to provide access to the following on-line courses through our affiliate membership with REALTOR® University.
CIPS I: International Real Estate for Local Markets (formerly "Essentials")
The two-day prerequisite introductory course to the CIPS international real estate courses. The course is an analysis of the international real estate business environment, including capital flow, currencies, government regulations and cultures. The practical aspects of international brokerage, networking, marketing and selling are discussed. Students must take this course before taking any of the other CIPS courses. Students will receive At Home with Diversity Certification in addition to ABR, RSPS, and CRS elective credit with successful completion of this revised course.
Asia/Pacific and International Real Estate (1 day)
Covers real estate practices in Asia and the Pacific with emphasis on cultural influences, economic trends and assessment of investment opportunities. A special chapter on working with the Japanese is included.
The Americas and International Real Estate (1 day)
Practical information for professionals who work with Caribbean, North, Central, and South American investors. Historical and cultural influences, regional relationship, and investment opportunities are covered along with a special focus on Mexico.