Long Island Board of REALTORS® (LIBOR) continues to work diligently to create lasting communication lines with International Associations across the world through the signing of Memorandums of Understanding (MOU).   
On November 14, 2021, during the National Association of REALTORS® (NAR) Annual Conference and Expo, LIBOR signed MOUs with both Global Real Estate Association of Seoul (GRAS) and Real Estate Sales and Marketing Association (RESAM) in Thailand. The MOUs establish each association’s cooperation in developing a mutually beneficial relationship for their respective members.

The recently signed agreements create an open line of communication and affirm the value of international collaboration between the associations. Through these relationships, the associations are committed to sharing market data, real estate procedures, and relevant licensing and foreign investment laws; promoting inbound and outbound investments; adopting and adhering to the NAR Code of Ethics; and providing information about local education, events and conferences.

LIBOR currently has 19 MOUs in place with associations from nine countries, including: Argentina, Costa Rica, Ecuador, India, Mongolia, Panama, Philippines, Romania, and Serbia. 

“LIBOR looks forward to working collaboratively with both GRAS and RESAM, who share our common goal of providing international business opportunities to all of our members,” said LIBOR President Susan Helsinger. “Establishing these partnerships allows associations to develop a greater understanding of global real estate, which will encourage international home ownership.”

Learn more about the global real estate programs and services of LIBOR at www.lirealtor.com/global.