2010/09/30

American Real property Law No.2 Introduction of American Real property Transaction System in Japan(?)

I have participated in a seminar hosted by NPO Japan Organization for Real Property Transaction on September 29, 2010.

The lecturer of this seminar was the Washington REALTERS' head that was in charge of Japan.
The initial title for the lecture was “US Real Estate Status and Escrow”, which was held at the visiting MLIT(*1) etc. for promoting the introduction of American Real property Transaction System in Japan.

However, in fact, the title have been changed to "US Real Estate Economic Status", "US Real Estate Transaction and its Network System" without notice.

Umm, I just felt like che***???

What he had to say was that Now was the time to invest in real estate(foreclosed property) in US, and that for this, US National Association of REALTORS (NAR) had the US Real Property Search System searchable by Japanese realtors.

The seminar was likely to have been a deliberate attempt to attract more investment from Japan.

*1 MLIT: Ministry of Land, Infrastructure, Transport and Tourism

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