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Issues & Solutions Darren Connor - PowerPoint PPT Presentation
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International payments. Issues & Solutions Darren Connor. Agenda. International payments – issues Currency fluctuations Hidden costs Other considerations Currency exchange specialists Services offered Working with Realtors Questions?. International payments - issues.
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Presentation Transcript
Agenda
- International payments – issues
- Currency fluctuations
- Hidden costs
- Other considerations
- Currency exchange specialists
- Services offered
- Working with Realtors
- Questions?
1
International payments - issues
- Need to exchange currency – how easy is this?
- Europe - 48 countries & 26 own currency
- Russia – 9th largest economy in the world, Ruble not easily traded
- 25% of all foreign buyers in USA are from Europe and Russia
- Reason for buying? Strength of domestic currency against USD
2
Other considerations?
- Hello/Hola/Bonjour/Здравствуйте
- Culture and customs
- Different process when buying a property
- Legalities
- Getting funds out of their country
6
solutions
- Currency exchange specialists
- Competitive exchange rates
- Risk management services
- Same day transfers
- Security
- Ease of use
7
Working with Realtors
- Referring Partnership program
- Account Manager
- Marketing materials
- 15% referral fees – compliant with RESPA
9
