International Forum Agenda
Friday, December 1, 2017
9:30 – 10:00AM
Welcome and Introductions
Barry Taylor, Veteran
Understanding the Cultural aspects of United Kingdom
Learn the languages used, history, culture and correct etiquette for the Korean clients. Trends focus on the profile and volume of the international clients who purchased U.S. residential property from Korea in our region and others are:
- How do you greet?
- Who in the family makes the decisions?
- What is an appropriate gift to give one from UK?
- What is the appropriate way to get referrals in UK?
Scott Shelton, Lender
Exploring Financial Considerations
Comparison of how real estate is sold and marketed in Korea versus the United States, typical financing requirements and purchasing approaches for international buyers. Description of types of required VISA’s to purchase in the United States; with benefit to the buyer, and more knowledgeable to the real estate community.
Keith Barrett, Esq.
Working With Foreign Buyers and Sellers
Working with international clients presents challenges not necessarily encountered on a typical deal. There are the obvious:
- Logistical challenges
- Potential legal considerations
- Lending/financial hurdles
Join us for an important class that will highlight the ins and outs of FIRPTA (Foreign Investment in Real Property Tax Act), financing and the logistical and cultural issues that you may encounter. You will leave this class with a better understanding of FIRPTA background, withholding requirements, withholding certificates and the associated contract/closing documents as well as key logistical and lending items to consider when working with foreign buyers or sellers.
UNITED KINGDOM CUISINE TASTING