NAR has headed south of the border into Mexico, and as of January 2007, all Mexicans that are members of AMPI (La Asociacion Mexicana de Profesionales Inmobiliarios) will be considered REALTORS®.
This is the first joint relationship that NAR as formally signed with a foreign real estate organization. The have been ongoing liaisons over the years, but this is a much larger step in bringing REALTORS® together.
NAR announced at the convention in New Orleans that they will launch a 4-hour course called "Doing Business In Mexico" with an online version available later in 2007.
Is this a start of NAR actually becoming a "National" Association of Realtors and not just considered National as in Nationwide over America?
Does anyone have any thoughts on this relationship? Do you see yourself or your investors buying properties in Mexico and this being an important relationship? How do you see this relationship being of benefit for your business? Being in Texas, I would like to hear other's thoughts.
Keith, actually, no, I have not seen or heard of any opportunities, but Dallas isn't really "close" to the border, per se. It's a good 12-13 hour drive. I typically hear about the things in the Bahamas.
I have heard that if you own a property down there, and can show occupancy for 30% of the year, that you would be considered a resident and would not have to pay US taxes?? I'm not sure of the full facts, but would be interesting to see how much of that is true.