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2 international real estate groups OK membership affiliation

FIABCI, ICREA in merger talks

Two international real estate organizations -- FIABCI and ICREA -- say they're exploring unification and are one step closer to that goal with the approval of direct membership affiliation in each other's organizations.FIABCI, the International Real Estate Federation, is a federation of almost 100 national real estate associations, more than 3,000 individual real estate professionals and more than 65 academic institutions located in 68 countries worldwide.ICREA, the International Consortium of Real Estate Associations, is an alliance of more than 45 global real estate associations that operates the international property listings portal WorldProperties.com.Last year, the National Association of Realtors -- a founding member of ICREA a decade ago -- resigned from the group, citing restrictions in its agreement with Realtor.com operator Move Inc. governing the operation of the listings portal.Under the terms of the Realtor.com operating agreement, NAR said it is barred from participating...

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