It may be true that all real estate is local. But it is also true that real estate has become a global business. Yet the way that real estate is measured continues to be based on local practices. This is about to change with the work being done by the International Property Measurement Standards (IPMS) Coalition. The coalition – of which IREM recently became a member – is an international group of professional and not-for-profit organizations working collaboratively to develop ...

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