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I don't know enough about this issue to be critical, but on the face, I don't understand why Keller Williams first international (other than Canada) would be to Viet Nam. Then to add what appears to be even more mystery, they announced they are looking to go to Indonesia, South Africa, Egypt, and New Zealand. With the exception of New Zealand, I don't understand the logic. Can someone, without corporate dogma (KW or competitive) discuss the pro's that outweighed what I see as obvious cons to doing business in these nations.
Only thing I can think of is the concept of doing something no one else is doing. Maybe none of these areas have American chains with a presence there?
Location: Mokelumne Hill, CA & El Pescadero, BCS MX.
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Real estate is bought and sold all over the world. Local companies are competing with each other. Obviously some real estate companies like to be franchisees. I think the leverage available for the investment would be somewhat attractive to the corporation(s) that venture into foreign territory.
Business model: Sell a franchise, collect fees. Repeat.
Real estate is bought and sold all over the world. Local companies are competing with each other. Obviously some real estate companies like to be franchisees. I think the leverage available for the investment would be somewhat attractive to the corporation(s) that venture into foreign territory.
Business model: Sell a franchise, collect fees. Repeat.
Yes, RE/MAX has offices in 87 nations. I understand that, but Viet Nam is communist, South Africa (RE/MAX as been there for many years) is in political chaos, Egypt is certainly as unstable as can be. Indonesia is unstable, and the only solid site that I see is New Zealand.
There are wealthy people in the poorest countries. I suspect that's who they are trying to sell US property to. There aren't enough people in the US qualified or willing to buy up the huge number of properties on the market (or held off of the market to keep the bottom from dropping out...).
There are wealthy people in the poorest countries. I suspect that's who they are trying to sell US property to. There aren't enough people in the US qualified or willing to buy up the huge number of properties on the market (or held off of the market to keep the bottom from dropping out...).
Yes, RE/MAX has offices in 87 nations. I understand that, but Viet Nam is communist, South Africa (RE/MAX as been there for many years) is in political chaos, Egypt is certainly as unstable as can be. Indonesia is unstable, and the only solid site that I see is New Zealand.
Vietnam has seen some of the greatest economic growth over the last 10 years and that is expected to continue. Egypt and Indonesia are also poised for good economic growth. South Africa had seen consistent growth over the years prior to the recent downturn but should see consistent growth in the future.
You go to where the money is.
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