History of the International Consortium of Real Estate Associations
In August 1999, representatives from nine national associations from Europe, Asia and the Americas met to discuss the globalization issues facing their respective members. The outcome was a consensus that an international forum was needed where real estate associations could come together to share information, discuss the forces of a global economy, and facilitate their member’s international activities. Participants agreed that for meaningful transnational business to take place, international norms and standards were needed to govern the real estate profession globally. Another identified need was an Internet-based networking system that would link association Web sites, facilitate transnational referrals among association members, and provide ready access to foreign market information.
Subsequent meetings of this group resulted in the formation of an international consortium made up of the leading real estate associations serving national markets. After nearly two years of laying the foundation, 23 associations signed the formal agreement on May 13, 2001 in Washington, DC, officially launching the International Consortium of Real Estate Associations (ICREA). Since then, membership has continued to expand.
Three regional/umbrella groups also signed with “Observer” status. The Observer status has evolved in to a new “ICREA Affiliate” membership status, available to allied industry groups that are not eligible for full Association Membership in ICREA based on their organizational structure and/or member constituents. Organizations interested in learning more about being an ICREA Affiliate should email email@example.com