NAR Signs Mexican Joint RE Pact

The National Association of Realtors has announced the signing of a joint reciprocal membership agreement with Asociacion Mexicana de Profesionales Inmobiliarios, its first such agreement with a foreign real estate organization.The pact was executed by NAR president-elect Pat Vredevoogd Combs at AMPI's 50th anniversary meeting in Mexico City. As a result, all AMPI members will become Realtors in January. "This is an important initiative," said Ms. Vredevoogd Combs. "Not only will it create a wealth of new business opportunities for NAR's members in the United States and AMPI members here in Mexico, but also it will help promote standardization of international real estate practice." The NAR can be found online at http://www.realtor.org.