Florida Realtors are extending their international reach this week with a business trip to Spain, a sensical trip considering all the Spanish architecture in Miami.

Florida Realtors President Summer Greene, along with state Governor Rick Scott, is in Spain this week, wooing influential Spaniards and convincing them to develop in the Sunshine State.

The five-day trip, which also includes 60 additional Florida business executives, will feature meetings with Spanish government officials and business leaders, and a promotion of next year’s 500th anniversary celebration of Spanish explorer Juan Ponce de Leon’s landing in Florida in 1513.

Greene said such trips are invaluable to the future of Florida.

“It is vital to our future to encourage business investment and diversification,” Greene said. “Development missions like this one offer a prime opportunity to demonstrate the benefits of establishing a business – and home – in Florida.”

Also up for discussion is Amendment 4, a state ballot initiative that will be voted on Nov. 6, 2012. The amendment would empower the Florida Legislature to prohibit increases in the assessed value of homestead property, and of specified non-homestead properties, if the fair market value of the property decreases.

It would also reduce the cap on annual changes in assessments of non-homestead property from 10 percent to 5 percent; and provide an additional homestead exemption for first-time buyers equal to 50 percent of the median home price in the county. The additional exemption would be gradually reduced until it expires within 5 years.

Jeff Morr, the founder/CEO of Majestic Properties in Biscayne Corridor and Master Brokers Forum board member, said that with the problems Spain has been having, it makes sense for Florida and Miami to raise its international profile with the country.

“There’s definitely a global market for Miami,” he said.