What and how do US realtors do to sell homes in the Covid era?
In the US, brokerage is a conditional profession. Brokers must undergo a variety of specialized courses and pass exams to get certifications before starting their job. Besides, real estate brokers in this country are regularly required to extend their diplomas /certificates. Therefore, brokers have to regularly update their legal knowledge, experience and changing factors in the State where they operate in order to complete courses and get the certificates renewed annually. Because of the strict requirements to become a broker as well as the fierce competition of the market, this industry in the US brings together professional, experienced real estate consultants.
In early 2020 the outbreak of Covid-19 had a negative impact on the US economy. According to data from the Bureau of Economic Analysis of the United States (BEA), the US’s GDP in the second quarter of 2020 decreased approximately 33% - an all-time low. In that situation, the US government has made many moves to help stabilize the market, in particular the federal unemployment benefits worth $2.2 trillion approved by the US Congress in March 2020. After the bailout expired on July 31 President D. Trump continued to sign executive orders extending financial assistance to tens of millions of Americans who were unemployed due to the pandemic, along with supporting to student loan, extending mortgage repayment term and exempting personal income tax for US citizens. In addition, the government's economic activation supports have also helped consumers and businesses get loans with low interest rates (375 percent /year).
Realtors in the US must undergo a variety of specialized courses and pass exams to get certifications before starting their job.
For the real estate industry, real estate traders & brokers in the US have also quickly adapt and are ready to seize the opportunity of early recovery by changing the way of operation, applying technology to their business. Many real estate businesses have turned to online activities: online event organization, online consultation, online appraisal, They also build new systems and processes to help complete online transactions in the most smooth and convenient way for customers.
National AssTalking about how real estate businesses in the US have adopted to maintain and develop operations in this Covid era, Ms. Lieu Nguyen, Global Ambassador of the US’s National Association of Realtors (NAR), said: “In the US today, brokers have promoted the use of photos, video tours, and 3D virtual tours to assist buyers to preview real estate, minimizing travel and exposure. On the other hand, at this time, traders and brokers are forced to learn quickly and apply immediately to ensure that they still sign contract without meeting the customers.”
Ms. Lieu Nguyen - Global Ambassador of National Association of Realtors
According to Ms. Lieu Nguyen, in parallel with the application of technology to business activities, Ameican developers and brokers also take advantage of this time to improve their own capabilities through online courses, professional seminars which are regularly held by reputable organizations. Along with that, they also focus on expanding connections, sharing and building their own community of customers.
With the desire to accompany Vietnamese real estate traders and brokers, Batdongsan.com.vn organizes a series of online events ADAPT 2 CHANGE (Change to adapt). This is the first chain of events in the Vietnamese real estate industry to connect with experienced professionals, traders and real estate brokers in countries around the world. The contents of these events not only give an overview of the real estate market in different countries but also share experiences, studies from experts and guests in the host country on how to overcome the difficulties of the market. Therefore, they will help real estate businesses in Vietnam get practical and multidimensional perspectives and build suitable scenarios for real estate business in the country.
The first webinar titled "What and how realtors do in America?" will welcome speakers:
Mr. Nguyen Quoc Anh - Deputy General Director of
Ms. Lieu Nguyen - Global Ambassador to Vietnam, Indonesia, Cambodia of National Association of Realtors (NAR)
Dr. Lawrence Yun - Head of Economic Division, Vice President of Market Research at NAR
Mr. Vinh Nguyen - Member of the Board of Directors, NAR and Association of Vietnamese Real Estate Professionals in US (VNARP)
The webinar " What and how realtors do in America? " will be held online via Zoom software, connecting 3 bridgeheads in Washington DC, California and Hanoi as follows:
* Only the last 50 free tickets left, register
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