Stronger Real Estate ties for Australia and the USA

The Real Estate Institute of Australia (REIA) has strengthened its relationship with its US counterpart, the National Association of Realtors (NAR), following the appointment of Presidential Liaisons by both organisations.

REIA President, Mr Peter Bushby says, “NAR is America’s largest trade organisation with over a million members and the relationship with REIA is held in high regard.”

“Recently NAR provided support to us by supplying data for REIA to present to the Federal Government. The data helps REIA’s position regarding improving education standards within national licensing.”

“In a growing global economy, such relationships need to be more than just formal agreements. We must move to new levels of collaboration and support,” added Mr Bushby.
Mr Michael Wellsmore, a well-respected Canberra-based real estate agent, has been appointed the REIA Presidential Liaison to NAR and Mr Steve Goddard from Los Angeles, California is the NAR Presidential Liaison to REIA. Canberra based, Mr Wellsmore started his career in his family’s real estate agency in 1970. He has worked across most  facets of the industry including residential, commercial and project development and is former President of the Real Estate Institute of the ACT. He is a regular visitor to the US and is a Member of the Australian American Association.

Mr Goddard began his real estate career 35 years ago, specialising in selling and leasing residential real estate, residential income properties, and commercial buildings. He is a former President of the Californian Association of Realtors and serves on the NAR national board.

“Steve and the team at NAR have a very good understanding of Australia,” says Mr Wellsmore. “Steve has an Australian son in law and that definitely helps bridge our communications.”

“For REIA members, I see terrific opportunity to take advantage of the up-skilling, education programs that NAR has. And there are areas of agency practice here in Australia, in particular auctions, which US Realtors are very interested in.

Mr Wellsmore is currently working with agents here in Australia preparing presentations on the conduct of Australian auctions at the NAR national conference in San Francisco in November.

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  1. Great move. I think there is a lot we can learn from each other’s markets. Particularly around auctions, the brokerage process in the US and the different ways of doing business. Maybe we can shift to the commission structures of the US!

  2. The best Australian realtors are renting as well as selling housing and commercial properties with extraordinary features. The features are mentioned in their website itself to prefer which we need.