| CAREA was formed in 1988. Its Articles of Association
and bylaws were formally adopted on April 13, 1988. Its founding president,
Arthur Tom, felt there was a need for an association for Chinese who
were involved in the real estate profession in the Santa Clara Valley.
He was able to secure the support of nine other Chinese-American real
estate professionals to help found this association. Some of the other
original 10 founding board associate are still active in this organization
today such as Larry Chew and David Chui. Others have moved out of
the area or have become involved with a new profession.
CAREA was formed primarily for the purpose of promoting the social
and economic well-being of its associate and to further the professional
image of Chinese-Americans who are engaged in the field of real
estate. To achieve this goal, we needed to instigate better and
closer relationships between Chinese sales agents, developers, escrow
agents, real estate loan agents, appraisers, and property managers.
There is a definite synergistic value for these different groups
of real estate professionals to know each other and to work together.
It not only goes to the bottom line, but you also might enjoy this
closer relationship. Therefore, the Assoicateship was opened not only
to real estate agents, but also to these allied real estate professionals.
When you are competing in a business world that is mostly made
up of Caucasians and a field that is fairly new to Chinese-Americans,
it does not hurt to interact and mingle with someone just like you
who may also just be starting out, who may also want to see some
role models, and who may need to know that the Chinese can succeed
here as they do in the engineering or medical fields. Real estate
is a much more extroverted profession than some of the other professions,
and it is good that Chinese can show that they can compete successfully
here as well.
One example of Chinese infiltrating a specific field is in commercial
real estate. There are now many more Chinese agents involved in
commercial real estate than there were 15 to 20 years ago. However,
many Chinese were real estate investors way before 20 years ago.
These investors had generally dealt with Caucasians as there were
few Chinese commercial real estate agents to be found. Now this
situation has changed dramatically in the Bay Area.
Through the years, we have met on a bimonthly basis for a very
enjoyable dinner meeting at various Chinese restaurants in Santa
Clara County. There is nothing like good Chinese food to motivate
our associate and associates to attend a very informative and rewarding
meeting. Our meetings are set up so that our associate have an excellent
opportunity to meet and network with each other. We have superb
presenters speaking on very relevant and current topic on real estate.
We have had talks on motivation, dressing for success, how to be
successful in real estate, current real estate law issues, tax issues
of real estate, construction techniques, termite problems, toxic
materials problems, and a host of other interesting and timely topics
affecting our jobs and future.
We have found that these talks to be very helpful to our work,
the information can be used immediately. We are constantly exposed
to the most current tax and legal issues affecting real estate,
and this has definitely been useful to us in many respects. CAREA
provides the platform for a continuous cross pollination of essential
information and ideas among our allied real estate assoicateship.
It is a highly visible and viable organization that offers you an
opportunity to enhance your knowledge and image in your career.
It also provides the added amenity that you can socialize with contemporary
Chinese-American real estate professionals. All this should lead
to enhancing the bottom line of your paycheck.
For further information, please contact us.
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