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THE REALTY WORLD(R) ORGANIZATION EXPANDS TO MEXICO

 SEAL BEACH, Calif., Oct. 13 /PRNewswire/ -- The REALTY WORLD(R) Organization, one of the largest real estate franchises in the United States and Canada, has expanded into Mexico, marking the second country outside of the United States in which the franchise now operates.
 The master franchise rights for Mexico were sold to a Mexican syndicate headed by Cesar Paredes, vice president of the Mexican national real estate association and a nominee of the Mexican government to the North American Free Trade Agreement (NAFTA) task force meetings in Washington. Paredes will be responsible for recruiting new broker- franchisees into the system.
 In announcing the expansion, Blair Jackson, president of Realty World International, said: "With the NAFTA agreement scheduled to go into effect in January, provided Congress passes the implementing legislation, it is a logical development to have offices in place to met the needs of clients in all three North American countries. Not only is there an obvious need to have compatible standards of real estate service in all three countries, but the referral and relocation business that will be generated from NAFTA regional free trade relationships is expected to grow to significant proportions."
 Paredes, who has a degree in real estate from the University of Texas and operates his own successful real estate brokerage business, said, "There is a huge demand in Mexico for a real estate service employing the same methods and offering the same standards of service that the REALTY WORLD System already provides in the United States and Canada."
 The official opening of the first REALTY WORLD offices in Mexico is scheduled for January 1994. REALTY WORLD-Mexico is projected to grow to 100 offices in the next three years. When the market is fully developed, 200 REALTY WORLD offices are projected throughout Mexico.
 "Mexico is the first of a number of additional countries that will be joining the REALTY WORLD Organization in the near future," said Yvonne M. Corrigan-Carr, executive vice president of operations, Realty World Corporation. "This indicates that, as countries develop, there is a need for a more sophisticated system to handle real estate transactions. The real estate leaders in these countries look to the United States and Canada because we have the most advanced real estate systems in the world."
 -0- 10/13/93
 /CONTACT: Rebecca Wood of Realty World, 703-760-0880/


CO: Realty World International; Realty World Corporation ST: Virginia IN: CST SU:

DC-IH -- DC022 -- 1697 10/13/93 12:54 EDT
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Publication:PR Newswire
Date:Oct 13, 1993
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