Florida Realtors has officially strengthened its international reach by signing a Memorandum of Understanding (MOU) with the Japan-America Real Estate Coalition Office (JARECO). This significant agreement aims to foster greater collaboration, facilitate information exchange, and unlock new international real estate business opportunities for professionals in both Florida and Japan.
The pact was formalized in Tokyo by Florida Realtors President Tim Weisheyer and JARECO Chairman Masayuki Nakagawa during the Southeast U.S.-Japan Association joint meeting. This collaboration is set to enhance professional development, market data sharing, and global business outreach, underscoring a shared commitment to advancing ethical standards and innovation in the global real estate market.
Key Takeaways
- A new Memorandum of Understanding (MOU) has been signed between Florida Realtors and the Japan-America Real Estate Coalition Office (JARECO).
- The agreement aims to promote collaboration, information exchange, and international real estate business opportunities.
- This partnership coincides with the upcoming launch of the first nonstop passenger flights between Florida and Asia.
Deepening International Connections
The newly established partnership between Florida Realtors and JARECO is designed to create a robust framework for cooperation. JARECO, founded in 2013, acts as a crucial link between the National Association of Realtors (NAR) and five major real estate groups in Japan, representing a substantial network of over 100,000 real estate professionals. This collaboration is expected to open new avenues for learning and investment between the two markets.
Strategic Timing with New Air Travel
This agreement arrives at a pivotal moment, coinciding with the announcement that ZIPAIR, a subsidiary of Japan Airlines, will soon launch the first nonstop passenger flights connecting Florida and Asia. The service will include four round-trip charter flights between Orlando International Airport (MCO) and Tokyo Narita (NRT), commencing in February 2026. Florida Realtors President Tim Weisheyer, who also served as the immediate past chairman of the Greater Orlando Aviation Authority, highlighted the importance of these new flights in strengthening business and real estate relationships.
Mutual Benefits and Future Outlook
JARECO leaders have identified Florida as a particularly attractive market for Japanese investors, citing its desirable lifestyle, consistent economic growth, and strong real estate sector. The MOU is anticipated to facilitate the sharing of information about Florida’s unique appeal, thereby encouraging more cross-border collaboration. With direct air connections and a growing interest in international investment, both Florida and Japan are well-positioned to deepen their economic and professional ties, with real estate playing a central role in this growth. The recent elimination of Florida’s business rent tax further enhances the state’s attractiveness as a hub for global capital and investment.
Sources
- Florida REALTORS® and Japan-America Real Estate Coalition Office ink new deal, South Florida Agent Magazine.
- Florida Realtors Strengthens Japan Connection, | Florida Realtors.
- Florida Realtors, Japan-America Real Estate Coalition expand ties, HousingWire.
- Florida Realtors sign Japan partnership as Orlando–Tokyo flights near launch, Florida Politics.