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Memorandums tie Orlando
REALTORS® to the world
Agreements formalize a commitment to ongoing relationships
The Orlando Regional REALTOR® Association has signed
“memorandums of agreement” with both the Hellenic Association of
Realtors® (Greece) and the Real Estate Cluster (Serbia). The signing
ceremonies took place during the Florida Realtors® Mid-Winter Business
Meeting, held annually in Orlando.
Members of the Global Real Estate Council of Orlando ring ORRA President Reese
Stewart (seated, center) and REALTOR® association representatives from Serbia and
Greece for a "memorandum of agreement" signing ceremony.
ORRA also has a memorandum of agreement with the Realtors®
Association of Jamaica.
“The memorandums of agreement serve to formalize each
organization’s commitment to an ongoing relationship,” explains ORRA
President Reese Stewart, RE/MAX Properties SW. “The organizations are
dedicated to working together with the ultimate goal of helping their
respective members’ customers buy and sell real estate in each others’
locations, where diff ering rules and laws for the exchange of private
property oft en create challenges.”
ORRA will also serve as a mentor of sorts to the other organizations and
will help them establish best practices for both real estate transactions
and REALTOR® association management.
ORRA CEO Cliff Long points out that memorandums of agreement
can be between ORRA and any other city, state, or national REALTOR®
organization. “Orlando is a highly desirable destination for international
real estate investors so ORRA will be seeking out agreements with those
locations that send lots of buyers to Orlando.” Brazil, the United Kingdom,
and Canada historically top the charts for international homebuying in
Orlando.
ORRA is currently pursuing an agreement with the REALTOR®
organization in Dubai, where members of Global Real Estate Council of
Orlando traveled in 2019 to promote Orlando’s real estate investment
opportunities.
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