In an effort to better serve the international real estate industry, the ICREA and the FIABCI are working toward developing a fully-integrated global organization that will embrace all sectors within the real estate industry. To help achieve this goal, representatives from both organizations have agreed to form a much closer alliance between the two organizations as well as among their individual members.
According to a joint letter issued by FIABCI World President Alexander Romanenko and ICREA Chair Alan Tennant, bringing the two organizations will also help enhance the chapter network while better facilitating the delivery of products and services to constituent members. Furthermore, by joining forces, the organizations will be better capable of representing the interests of the global real estate industry while also advocating for real property rights.
Following a meeting of board representatives from both organizations, it was determined that a detailed analysis of the integration process will take place. While members of both organizations still need to be consulted, it is likely that the branding for the international real estate federation will utilize properties from both the FIABCI and Worldproperties brands.
Once the details have been finalized, member organizations will receive a document containing a detailed outline of the concept. Member organizations will also receive a proposed model for the full integration of the two organizations. At this time, they will be asked to provide feedback and comments on the proposed changes. The ICREA and FIABCI will use the feedback to prepare a follow-up document, which will then be presented to their respective memberships for further discussion.
Workgroups from both boards have expressed a commitment to include members as much as possible in the integration of the two organizations. While the boards are committed to moving forward, they want to be certain the decision is based on consensus and agreement of the membership within both organizations. A final decision regarding the integration and how it will take place is not expected to be made until December.