4 questions: REALTOR® Silvano to be sounding board for NAR global efforts

Vicky Silvano

During the Legislative Meetings & Trade Expo in Washington, D.C., REALTOR® Vicky Silvano was presented as the 2018 NAR Global Business Alliances Liaison.

Silvano, a broker associate for Century 21 SGR in Chicago, is one of 16 NAR committee liaisons who will start their new duties after the NAR Conference & Expo in Chicago in November. Appointed by NAR President-Elect Elizabeth Mendenhall, the group is collectively known as the president’s enlarged leadership team.

Silvano began learning about her new responsibilities by shadowing the current Global Business Alliance Liaison, Mark Kitbayashi of Seattle, during the week of legislative meetings and NAR activities in the nation’s capital.

As Chair for the Asian Real Estate Association of America (AREAA) in 2016, she helped successfully lobby for the U.S. Census Bureau to gather separate information on behalf of Asian American and Pacific Islanders (AAPI) instead of under the heading of “other.” She also serves on the Chicago Association of REALTORS® Global Council, and she joined the Illinois REALTORS® Consulate General Liaison Program as a consulate general for the Philippines.

“I am very excited about the new position,” she said.

Q1. What does a global business alliances liaison do?

In the global arena, I will be the eyes and ears of NAR President Elizabeth Mendenhall and let her know what’s happening in several areas – the Certified International Property Specialist (CIPS) Advisory Board, the Global Business Council Forum and with the Global Business Alliances. Using my feedback, she can look at our current programs and depending on the specific issues, evaluate if we need to do something different to better serve the general membership.

Q2. Global has long been a passion. Why do you think it’s so important for members to be aware of cross-border opportunities?

In 2016, global business transactions created 102 billion business opportunities, and to not highlight them means lost business opportunities for our members. The more our members can take advantage of these opportunities, the better off they’ll be.

Q3. Your work with AREAA resulted in the successful “No Other” campaign. What impact did that have on the industry and why was this so significant?

The “No Other” campaign resulted in the disaggregation of data by the US Census Bureau which has been much needed to understand the housing challenges and needs of the AAPI community. Prior to July 2016, the quarterly housing report lumped Asian Americans into a category with mixed races and various ethnic groups that are very different from AAPIs. With a stand-alone category, the data is much more accurate for our community.  From an industry standpoint, real estate professionals and service providers can better understand what’s going on with housing trends for AAPIs and provide better support to increase the rate of homeownership for our community. From a Policy perspective, the government can now focus on the issues and needs of the AAPI community and address them accordingly.

Q4. What’s the best thing about being in real estate?

I’ve been a top producer and achieved a lot in my career, but my legacy is what I accomplished through AREAA for the Asian American and Pacific Islander community. For me, the greatest success is making sure the needs of those communities are being served, and that issues are being heard and resolved to expand the homeownership rate in the AAPI community.