Apply for $1,500 MIPIM stipend before Nov. 30 deadline

Some real estate representatives navigate to MIPIM conference in Cannes, France by water.

Illinois REALTORS® interested in global real estate can apply for one of 10, $1,500 stipends to attend what’s billed as the largest real estate conference of its kind in the world. MIPIM 2018 will be in Cannes, France, March 13-16. Here’s how to apply.

The deadline for submitting MIPIM stipend applications is Nov. 30. Winners will be judged on:

  • demonstrated track record of participation in global real estate activities at the local, state or national association level;
  • global real estate-related designations (i.e. – CCIM, CIPS, CRE, etc.); and
  • experience with international real estate transactions.

Others will fly to the MIPIM conference.

But applying for the stipend is just part of the process. Members of the National Association of REALTORS® can get a discounted registration rate for MIPIM, and the registration code will be available soon from NAR. Once it is announced, the code will be available on the Illinois REALTORS® MIPIM page.

In the meantime, REALTORS® who want to attend MIPIM should start making hotel and plane reservations, and start the process of applying for a passport if they don’t already have one.

The annual conference on the French Riviera attracts more than 24,000 people who are engaged in all aspects of the real estate business. The conference features a massive trade show and the opportunity to meet with decision-makers from some of the world’s largest firms.

Illinois REALTORS® help economic development effort for the state

(l to r) Gary Clayton, Marsha Clayton, Illinois Gov. Bruce Rauner, Ayumi Deloney and Doug Carpenter together in Tokyo, Japan.

Illinois REALTORS® President Doug Carpenter, CEO Gary Clayton and Liaison to Japanese Consulate Ayumi Deloney were invited by Illinois Gov. Bruce Rauner to participate and represent the real estate industry in Japan earlier this month. The trip, the governor’s first international trade mission, was coordinated by the Illinois Department of Commerce and Intersect Illinois, which is the state’s private economic development partner.

Activity during the trip centered on participation in the Midwest U.S. – Japan Associations’ Annual Conference in Tokyo. These organizations together have 10 states and roughly 100 Japanese corporations that network and collaborate on ways to increase foreign direct investment and industry expansion.

Although former governor James R. Thompson chairs the Midwest U.S.-Japan Association, Gordon Dobie, a partner of Winston Strawn, stood in for him. In Tokyo, the Japan-Midwest U.S. Association is chaired by Yuzaburo Mogi, Honorary CEO and Chairman of the Board for Kikkoman Corporation, one of Japan’s oldest corporations and a well-known brand.

Illinois REALTORS® was considered an integral partner for this trade mission given that real estate is a major component of economic development. The Consulate Liaision program that began in 2015 has been a great way for the association to expand its partner efforts and market the benefits of Illinois assets. For example, our air, rail, road, and waterway system well position a company to transport goods across the country, whether final products or part of the supply chain.

Deloney, who was born in the Kanagawa prefecture in Japan, is the Liaison to the Japanese consulate in Chicago and the consul general, Naoki Ito, was also in attendance at the event. Through many transactions with Japanese clients Deloney has demonstrated her understanding of the Japanese culture and business norms, which makes her a great liaison for the association and a great partner on the trip.

Erik Brejla, Assistant Deputy Director for Department of Commerce and Economic Opportunity, coordinated the governor’s trade mission and saw great value in REALTOR® participation.  He was excited about the trip, including a reception sponsored by Illinois REALTORS®. “The reception was huge and had over 200 attendees who were interested in building the Illinois/Japan relationship,” said Brejla.

Carpenter, who gave opening remarks at the reception and introduced Rauner, stated, “We were excited to accept the invitation to participate and look forward to being part of the effort to expand corporate investment that will result in increased jobs and economic development opportunities for our members and Illinois citizens.”

Learn about global real estate either internationally or domestically through CIPS courses

Two options to obtain your Certified International Property Specialist (CIPS) designation are being offered in the coming weeks.

Want to stay local? The full course is offered by the Chicago Association of REALTORS® during the week of Aug. 28. Expand the August drop-down menu to get the details. Register here.

If you want a little adventure, the Minneapolis Area Association of REALTORS® is partnering with the Institute of Professional Auctioneers and Valuers in Dublin, Ireland to host a CIPS Institute the week of Oct. 16. To find out more and register, go here.

However, if neither of those options work, the National Association of REALTORS® lists plenty of others during August, September, October and November. See the NAR schedule.

Illinois REALTORS® adds to Consulate General Liaison team

Claire Sylvestre (left) is the latest addition to the Consulate General Liaison team. Joining her is Sharon Gorrell.

The Illinois REALTORS® Global Business Council is excited to add Claire Sylvestre, broker with @Properties in Lincoln Park to the Consulate General Liaison team!

While going over the details of the program we decided to dive into a bit of French culture by having lunch at a little cafe and enjoy a few French classics, Salade niçoise and Tarte flambée. Sylvestre is a native of France and has been working in the real estate industry here in the U.S. since the mid-90s. She began her career in real estate in Ohio but has been here in Illinois for more than a decade.

Claire is no stranger to international business. She has been involved in corporate relocation and is a long-time member of the French-American Chamber of Commerce in Chicago. She is active with the French Consulate and is looking forward to sharing the importance of REALTORS in an international transaction. She is actually heading to France for the month of August to visit family and also do a bit of real estate!  She is excited to share her expertise with the Illinois REALTORS® and be part of the Global team!  Welcome Claire!

Foreign investment in U.S. real estate surges 49 percent; Illinois in top 10

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Foreign investment in U.S. residential real estate reached a new high from March 2016 to April 2017, according to a annual survey released by the National Association of REALTORS® earlier this week.

Foreign buyers amassed $153 billion in residential property compared to the same period a year before, according to the NAR 2017 Profile of International Activity in U.S. Residential Real Estate. Transactions grew in each of the top five countries where buyers live (China, Canada, the United Kingdom, Mexico and India) and almost half of all foreign sales were in Florida, California and Texas. Rounding out the top five states were New Jersey and Arizona, while Illinois, North Carolina, Georgia and New York were top destinations. Members can login in see the report or the press release.