The American National Association of Realtors (NAR) announced plans to open an office in Tokyo by the end of the year. The Tokyo branch will be set up to increase the number of foreign real estate transactions.

The office in Tokyo will provide a link between the Ministry of Land, Infrastructure, Transport and Tourism (MLIT),  various real estate organizations in Japan and NAR's headoffice in the US. NAR is also considering introducing special qualifications for those dealing with international real estate transactions and developing and authorizing various qualifications for real estate brokers in Japan.

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