The National Association of Realtors has signed an agreement with a real estate association in Mexico that allows its members to use the Realtor logo and registration mark.

All of the members of the 50-year-old Asociación Mexicana de Profesionales Inmobiliarios (Mexican Association of Real Estate Professionals) will become Realtors in January, NAR announced.

“This is an important initiative. Not only will it create a wealth of new business opportunities for NAR’s members in the United States and AMPI members … in Mexico, but also it will help promote standardization of international real estate practice,” said Pat Vredevoogd Combs, NAR president-elect, in a statement.

It is the first reciprocal membership agreement that NAR has entered into with a foreign real estate organization.

AMPI members will join NAR under the association’s international membership category.

Galo Blanco, AMPI’s 2006 president, said in a statement, “This joint venture reflects AMPI’s desire to be more closely linked to international business standards and practices, and opens up opportunities for members on both sides of the border to do more business together.”

AMPI has about 2,500 members and is a founding member of the International Consortium of Real Estate Associations.

“NAR chose AMPI for this groundbreaking partnership, in large part, because its members adhere to a strict code of ethics like that of NAR. AMPI’s high standards of practice will help increase the positive perceptions of Realtors worldwide,” Vredevoogd Combs stated.

NAR noted in the announcement that there is a growing number of U.S. citizens who are buying second homes and retirement homes in Mexico, and residents of Mexico are also buying U.S. property more frequently.

“Mexico is attractive to second-home buyers from the United States, thanks to the availability of properties near the ocean and mountains, reasonable costs of resort properties, and lifestyle considerations. Thanks to a favorable legal and financial infrastructure, the number one foreign destination for retirees from the United States is Mexico, with over 1 million Americans living there,” according to the NAR announcement.

To assist U.S. Realtors who want to engage in business opportunities with AMPI members, NAR is launching a four-hour course, “Doing Business in Mexico,” which will begin soon in Mexico and at the NAR annual conference in New Orleans in November, the association announced.

Mexican President Vicente Fox spoke during the AMPI meeting. Expansion of the housing sector and home-ownership opportunities has been a focus during his administration, and about 2.4 million families in Mexico have become new home owners during his six-year term, which ends in December, the association noted.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
The best of real estate is gathering in Las Vegas NEXT month! Grab your ticket before prices go up on October 1.Register Now×
Limited time: Get 30 days of Inman Select for $5.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription