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 Objektübersicht
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About St. Maarten/St. Martin
The tiny island of St. Maarten/St. Martin, located within the Leeward Islands of the
Caribbean, holds the distinction of being the smallest country in the world shared by
two governments. The Northern half is governed by the French, while the Southern half
is occupied by the Dutch. The two ruling bodies have lived harmoniously for over 350
years.
Over the past 10 years, St. Maarten/St. Martin has defined itself as the winter
playground of the super rich. With facilities that cater to some of the largest
private yachts in the world, St. Maarten/St. Martin has evolved into the Caribbean hub
for both private pleasure vessels and the growing yacht charter business. Bringing
with it some of the globes best known business, sports and entertainment celebrities.
St. Maarten/St. Martin is also a pivotal point of departure for neighboring islands:
Anguilla, St. Barth’s, St. Kitt’s and Nevis. Daily flights from North America and
Europe as well as significant private jet traffic, is serviced through the Princess
Juliana Airport, which is currently undergoing a major expansion to meet growing
demand. The airport serves both the French and Dutch sides of the island.
Real Estate News
Keeping pace with the influx of the world’s rich and famous; real estate developments
in St. Maarten/St. Martin are increasingly oriented toward the luxury end of the
market. Multimillion dollar villas and apartments are commonplace.
Global corporations such as Orient Express and Westin Hotels are currently leaving
their mark on the island with new developments that include five star hotel properties
and luxury residences.
Research indicates that as much as 85% of St. Maarten/St. Martin’s luxury real estate
buyers are off shore investors, with 42% from the four major U.S. markets of New York,
New Jersey, Connecticut and Massachusetts. The remainder is made up of buyers from the
European markets of France, Russia and England.
While the per capita wealth of centers like New York is well documented, less is known
about the developing wealth of nations like Russia. By all accounts, over 80% of the
personal wealth in Russia is held in Moscow. Since the 1998 crisis Russia, especially
Moscow has changed dramatically. Political stability and increased international
acceptance has fuelled a substantial economic boom. Russian citizens are now looking
for international property in increasing numbers and many are creating portfolios for
investment.
The Program
Summit International Realty’s (“Summit”) market strategy is to consolidate the buying
power of these wealthy international groups through the creation of a three point
referral network. Summit maintains a marketing presence in both the upscale Caribbean
region and in Moscow. By establishing an alliance with a reputable, high level broker
in New York (“Affiliate”), Summit’s goal is to create synergies worldwide for the
development of qualified buyers and sellers. Summit’s ultimate objective is to expand
its coverage to include Paris and London in addition to New York and Moscow.
By participating in an integrated, international network, an Affiliate broker improves
local lead generation by showcasing global listings not normally available to them but
more importantly, they capitalize on potential buyers being developed at the
international level.
Summit proposes to act as a clearing house for international referrals by providing
direct connections for its Affiliates to the major markets of the world. By linking
New York, Moscow, Paris, London and the Caribbean, Summit opens the door to new
opportunities for securing global buyers and sellers, for itself and its Affiliates.
Our in-house staff is fluent in English, Russian and French and is available to help
transition referrals from one global market to another.
Affiliate Listings
Each Affiliate is assigned a protected User ID and Password, which they use to upload
and update their respective listings on Summit’s website. Only listings posted by the
respective Affiliate will be available for their update through the Login page. All
other Affiliate or house listings will be accessible for review only. Listings and all
related materials uploaded to Summit’s website remain the property of the Affiliate.
Affiliate listings are accepted on an “as is” basis and Summit assumes no
responsibility for the accuracy or completeness of these listings. Summit’s in-house
staff will translate Affiliate listings for upload to our Moscow site.
Summit Listings
Listings displayed on Summit’s website, whether located domestically or
internationally, are available for download directly from our website to an Affiliate’s
website. Any issues arising out of copyright infringement relating to the downloading
of Summit’s listings will be protected by a blanket Co-Listing Agreement. This will
permit the Affiliate to display and market Summit’s listings as their own in their
respective markets, including but not limited to distribution through available MLS or
other Board services.
Referral Fees
Referral Fees will be 2.5% of the gross sales value of the transaction or some higher
or lesser amount as may be agreed to by the parties. Affiliate brokers will be
protected by the Co-Listing Agreement executed by and for each Affiliate. Payment of
Referral Fees will be made directly between the parties involved in the transaction,
by wire transfer or other suitable means, or may be made through Summit’s offshore
escrow accounts in Anguilla and Nevis or through its domestic escrow accounts in
St. Maarten. Referral Fees are due within 5 business days of satisfactory completion
of sale. Wire transfer instructions will be provided on request.
The Referral (Affiliate to Summit)
Referrals from Affiliates are initiated by email to Summit’s St. Maarten office at
info@summitinternationalrealty.com.
On arrival at Summit’s St. Maarten office, clients
will be identified and confirmation emails sent to Affiliates acknowledging the
introduction. At the end of the clients stay, a summary email outlining the results of
our interaction with the client will be forwarded to the respective Affiliate. Clients
will be encouraged to follow up with their Affiliate agent, should they wish to pursue
a purchase through Summit after their arrival home. Any further interaction with
Summit, by the client on their return home will be advised to the referring Affiliate.
The staff at Summit is accustomed to working with high profile clients and attending
to their needs. With this in mind we offer our qualified Affiliate referrals, Summit’s
Concierge Service.
The Referral (Summit to Affiliate)
Generally it’s expected that referrals from Summit will be on behalf of our marketing
locations in Europe to and from New York. Expressions of interest from clients in our
European locations will be forwarded to our Affiliate in New York or vice versa as the case
may be. As the clearing house for these referrals, Summit will undertake to translate and
forward emails between Affiliates and provide other assistance as required to facilitate a
transaction.
Customer Service
Summit International Realty prides itself on delivering the highest level of customer
service.
Standards of service and integrity by Affiliates are expected to mirror those being
offered by Summit. Affiliates not meeting expected performance levels will be
terminated from the Referral Program.
For further details concerning Summit’s business practices, we refer you to our
Terms & Conditions
and Privacy Policy.
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