The Miami Association of Realtors has signed a new deal with a Brazilians real estate association that will greatly improve business between the nations.

The Miami Association of Realtors (MAR) has signed a new agreement with the Association of Real Estate Agents of Balneario Camboriú (ACIBC) that will greatly increase the integration of the Miami market with that of the Brazilian markets that ACIBC oversees.

Originally signed on Aug. 25 at the ACIBC Gala in Balneário Camboriú, Santa Catarina State, Brazil, the agreement will eventually allow real estate professionals from the two networks to share property listings via Proxio’s Internet data exchange platform, and for professionals to directly connect to one another through Proxio Pro’s professional network.

International Homebuyers in Miami Real Estate

Teresa King Kinney, the CEO of MAR, said the collaboration will be an important one for strengthening the international exposure for both real estate markets.

“[MAR] is excited to partner with ACIBC, an organization committed to serving its members in Balneario Camboriú and to expanding global opportunities,” Kinney said. “Brazil is a very strong market for Miami and South Florida, and we look forward to a very successful relationship with ACIBC that will greatly benefit our respective members and vibrant real estate markets.”

Indeed, international buyers, in particular Brazilian buyers, have played a huge role in Miami’s resurgent real estate market. The 2011 Miami International Buyers report found that Brazilian homebuyers accounted for 12 percent of Miami’s international sales, an increase of nearly 30 percent from 2010.

Florida is also the leading homebuying destination for foreign buyers in the U.S., accounting for 26 percent of all international sales in the nation, and in Florida, Miami-Miami Beach is the top destination for international buyers, accounting for 31.3 percent of international sales in the state.

This will hardly surprise readers of our website, as we’ve been covering Miami’s international dominance for some time now. In July, all-cash sales accounted for 44 percent of single-family sales, 77 percent of condo sales, and 64 percent of total closed sales. Nearly 90 percent of international buyers in Florida pay in all-cash.