International Real Estate Society (IRES)

What is the International Real Estate Society (IRES)?

The International Real Estate Society (IRES) is a federation of regional real estate societies, each managing its own activities but participating in a global cooperative framework. The main objective is to promote communication among real estate academics and professionals worldwide and encourage research addressing global real estate issues. IRES supports the sharing of knowledge, development of best practices, and collaboration across various regions to advance the field of real estate.

Affiliated Societies:

American Real Estate Society (ARES): Focuses on the United States and advocates for real estate research and education.
European Real Estate Society (ERES): Concentrates on Europe and aims to advance the knowledge of real estate on the continent.
Asian Real Estate Society (AsRES): Focuses on real estate issues prevalent in Asian countries.
African Real Estate Society (AfRES): Dedicated to fostering real estate education and research in Africa.
Latin American Real Estate Society (LARES): Promotes real estate discipline in Latin American countries.

Examples of Global Cooperation

International Conferences: Each affiliate of IRES often hosts conferences that invite real estate academics and practitioners from around the world to share their insights and research findings.
Joint Publications: Members often collaborate on joint research projects that result in published papers and articles important to the global real estate community.
Educational Initiatives: IRES facilitates cross-border educational programs and study exchanges to foster better understanding and standardization in real estate education.

Frequently Asked Questions

What are the benefits of joining an IRES affiliate society?

Membership in an IRES affiliate provides various benefits, including access to a global network of experts, participation in international conferences, opportunities for collaborative research, and exposure to the latest trends and practices in real estate.

How can I participate in IRES activities?

Participation in IRES activities generally begins with joining one of the regional member societies. Each society handles its own membership, but becoming part of one automatically makes you part of the IRES network.

What kinds of events does IRES host or support?

IRES and its affiliate societies host various events, including annual conferences, workshops, symposiums, and networking events that focus on different aspects of real estate research and practice.

Global Real Estate Standards: Standards set to ensure consistency and transparency in the valuation, investment, and management of real estate properties on an international scale.
Cross-border Real Estate Investment: Investment in real estate assets located in different countries, which often involves navigating various legal, economic, and cultural differences.
Real Estate Research Conferences: Scholarly gatherings aimed at discussing research findings, innovations, and trends in real estate.

Online Resources

References

IRES Official Website. (n.d.). Retrieved from http://www.iresnet.net
Stevenson, S. (2012). Real Estate Research and the International Real Estate Society. Journal of Property Research, 29(1), 21-39. doi:10.1080/09599916.2011.646231

Suggested Books for Further Studies

“International Real Estate: An Institutional Approach” by Willard McIntosh and Arthur Hampson
“Real Estate Investment: A Strategic Approach” by David M. Geltner and Norman G. Miller
“Global Shift: Mapping the Changing Contours of the World Economy” by Peter Dicken

Real Estate Basics: International Real Estate Society (IRES) Fundamentals Quiz

### What is the primary purpose of the International Real Estate Society (IRES)? - [ ] To regulate real estate transactions globally. - [x] To promote communication and research among real estate academics and professionals worldwide. - [ ] To oversee property management services. - [ ] To establish real estate standards. > **Explanation:** The primary purpose of IRES is to promote communication among real estate academics and professionals worldwide and encourage global research. ### Which regions are covered by the IRES affiliated societies? - [x] Americas, Europe, Asia, Africa, and Latin America - [ ] Only the Americas and Europe - [ ] Only Asia and Europe - [ ] All regions except Africa > **Explanation:** IRES affiliated societies cover the Americas, Europe, Asia, Africa, and Latin America. ### Which of the following is NOT an IRES affiliated regional society? - [ ] European Real Estate Society (ERES) - [ ] Asian Real Estate Society (AsRES) - [ ] African Real Estate Society (AfRES) - [x] Australian Real Estate Society (AusRES) > **Explanation:** The Australian Real Estate Society (AusRES) is not one of the affiliated societies mentioned under IRES. ### How can one become part of the IRES network? - [x] By joining one of the regional member societies - [ ] By directly applying to IRES - [ ] By attending an IRES conference - [ ] By being nominated by an IRES member > **Explanation:** Becoming part of the IRES network generally begins with joining one of the regional member societies. ### Which of the following best describes the role of IRES in educational initiatives? - [ ] To grant university degrees - [ ] To standardize textbooks - [x] To facilitate cross-border educational programs and study exchanges - [ ] To fund real estate schools > **Explanation:** IRES facilitates cross-border educational programs and study exchanges to foster better understanding and standardization in real estate education. ### What kind of events do IRES and its affiliates typically host? - [x] Conferences, workshops, and symposiums - [ ] Concerts and social gatherings - [ ] Real estate trading fairs - [ ] Real estate auction events > **Explanation:** IRES and its affiliate societies host conferences, workshops, and symposiums focusing on real estate research and practice. ### CAN MEMBERS OF A REGIONAL SOCIETY ATTEND GLOBAL IRES CONFERENCES? - [x] Yes, they can attend global conferences. - [ ] No, only board members can attend. - [ ] Only if they present a paper. - [ ] Only with special permission from the IRES president. > **Explanation:** Members of a regional society can attend global IRES conferences. ### What is a significant benefit of belonging to an IRES affiliate society? - [ ] Free access to real estate listings - [x] Access to a global network of experts - [ ] Discount on property purchases - [ ] Guaranteed research funding > **Explanation:** One significant benefit is access to a global network of experts. ### What supports the advancement of real estate knowledge in diverse regions? - [ ] Real estate agents - [x] International cooperation through IRES - [ ] Government policies alone - [ ] Real estate developers > **Explanation:** International cooperation through IRES supports the advancement of real estate knowledge in different regions. ### Which practice is encouraged by IRES among its member societies? - [ ] Competing against each other - [ ] Keeping research private - [x] Sharing knowledge and best practices - [ ] Prioritizing local interests over global > **Explanation:** IRES encourages sharing knowledge and best practices among its member societies.