- For Immediate Release –
Cupertino, CA. - The Silicon Valley Association of REALTORS® (SILVAR), the local trade organization representing over 4,000 REALTORS® and affiliate members engaged in the real estate business on the Peninsula and in the South Bay, has been appointed the National Association of REALTORS® (NAR) Ambassador Association to the Philippines. As an ambassador association, members of the local REALTOR® association will have the opportunity to expand their global business network and be involved in international real estate activities at the local or state level.
"We are pleased to learn of our association's appointment as Ambassador Association to the Philippines The program will give our members the opportunity to learn more about real estate in that country and develop ties and business opportunities with real estate professionals in this part of the world," said Paul Cardus, SILVAR executive officer.
Each year the National Association of REALTORS® hosts more than 2,000 real estate professionals from around the world. Majority of these international real estate professionals attend the REALTORS® Annual Conference and Expo. There are also a number of delegations and individuals that request meetings with REALTORS® throughout the year for guidance on the industry, to network, and to exchange information about the U.S. and global real estate markets.
The Ambassador Association program was developed by NAR to accommodate international visitors and to expose them to the range of real estate-related opportunities available to them. Many of the exchanges that take place between the national REALTOR® group, the state and local REALTOR® associations emerge from bilateral cooperating agreements that the national trade association maintains with more than 80 real estate associations in 60 countries. Loosely based on the international sister-city programs, NAR appoints "partner" state and local REALTOR® associations to each of the foreign cooperating associations.
In its role as Ambassador Association to the Philippines, SILVAR will help facilitate contact between the Chamber of Real Estate and Builders Association in the Philippines (CREBA) and any state or local Realtor association in the United States that requests assistance. A formal introduction with CREBA will take place at the NAR REALTORS® Conference & Expo, which will be held November 8-11 in San Francisco.
Cardus said agents from the Philippines make up one of the largest foreign real estate delegations that attend the annual REALTOR® conference. "We look forward to meeting our counterparts from CREBA in November and developing a fruitful and productive business relationship with the association's members," said Cardus.
The Silicon Valley Association of REALTORS® (SILVAR) is a professional trade organization representing over 4,000 REALTORS® and Affiliate members engaged in the real estate business on the Peninsula and in the South Bay. SILVAR promotes the highest ethical standards of real estate practice, serves as an advocate for homeownership and homeowners, and represents the interests of property owners in Silicon Valley.
The term "REALTOR®" is a registered collective membership mark which identifies a real estate professional who is a member of the National Association of REALTORS® and who subscribes to its strict Code of Ethics.
For further information, please email or call the SILVAR office at (408) 200-0100.