Industry News

Realtor association signs south-of-the-border agreement

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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 clo...