Saturday, September 24, 2011

Costa Rica and Miami Realtors Agree to Marketing Alliance

Miami Association of Realtors Signs Reciprocal Agreement with Costa Rica Global Association of Realtors
Associations Agree to Share Property Listings

Miami, Florida, and Tamarindo, Costa Rica – September 19, 2011 - The Miami Association of Realtors (MIAMI) has signed a reciprocal agreement with the Costa Rica Global Association of Realtors (CRGAR) that will generate business opportunities for members of both associations. Specifically, MIAMI and CRGAR will share property listings via Proxio’s internet data exchange platform and connect professionals through Proxio Pro’s professional network. The reciprocal agreement was signed at the Florida Realtors Convention in Orlando, Florida.

           Miami, Florida                                                                                         Tamarindo, Costa Rica     

"We are proud to join hands with the MIAMI Association of Realtors, America’s largest local Realtor association, to attract international investors to our region and promote the growth of Proxio’s industry-leading real estate database," said CRGAR President Allen Lungo. This collaboration will strengthen international exposure for the Costa Rican and Miami real estate markets and enhance referral business for members of both associations. 

"MIAMI is pleased to partner with CRGAR, an organization committed to serving its members and Costa Rica, and to expanding global opportunities," said Teresa King Kinney, MIAMI Chief Operating Officer. "Costa Rica is a strong market for Miami and South Florida, and we look forward to a very successful relationship with CRGAR that will greatly benefit our respective members and regional real estate activities.

According to the 2011 Profile of International Home Buyers in Florida, 53 percent of international buyers in the Miami-Fort Lauderdale-Miami Beach are from Latin America. Florida is by far the #1 investment destination in the United States for foreign buyers, accounting for 30 percent, a nine percent increase compared to 2010, of all international sales in the country. In Florida, South Florida is the top destination for international buyers, accounting for 31 percent of international sales in the state.

MIAMI’s International Council has signed agreements with more than 65 foreign real estate organizations around the world - including the Russian Guild of Realtors in Moscow, Russia; Secovi-SP in Sao Paulo, Brazil; and FNAIM Paris – Ile de France in Paris, France. These agreements link MIAMI members to those of our worldwide partners and globalize the local real estate market.   

About the MIAMI Association of REALTORSThe MIAMI Association of REALTORS was chartered by the National Association of Realtors in 1920 and is celebrating more than 90 years of service to Realtors, the buying and selling public, and the communities in South Florida.  Comprised of four organizations, the Residential Association, the Realtors Commercial Alliance, the Broward County Board of Governors, and the International Council, it represents more than 24,000 real estate professionals in all aspects of real estate sales, marketing, and brokerage.  It is the largest local association in the National Association of Realtors, and has partnerships with more than 60 international organizations worldwide. MIAMI’s official website is

About the Costa Rica Global Association of RealtorsThe Costa Rica Global Association of Realtors (CRGAR) has supported Realtor professionalism and the growth of Costa Rica as an international real estate investment destination for over 10 years. As the the only association in Costa Rica that requires its members to also belong to the National Association of Realtors (NAR) in the United States, CRGAR is the most professional platform for realtors in the country. CRGAR’s growing national base of members and series of international partnerships led to the creation of the Costa Rica MLS (CRMLS). CRMLS is the only national property database with listings that are all legally-registered, entered by a NAR member, and have the association’s backing of referral relationships.

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