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August 10, 2021
New BREA board vows to crack down on foreign agents operating without local agents
The newly elected Bahamas Real Estate Association (BREA) board has vowed to bring amendments to their sector’s 26-year old Real Estate Act, closing loopholes in the document and introducing criminal penalties for real estate agents who represent and sell properties locally without the use of a local agent.
BREA elects new board, encourages foreign investment, but vows to protect licensed Bahamian brokers, agents
August 09, 2021
BREA elects new board, encourages foreign investment, but vows to protect licensed Bahamian brokers, agents
The Bahamas Real Estate Association (BREA), the country’s largest legislated professional association, recently elected a new board of directors, re-elected its president for a record fifth term and vowed to amend what it called ‘loopholes’ in a 26-year-old Act it said failed to sufficiently protect the rights of licensed Bahamians.
After more than a year of COVID-imposed working conditi...
May 27, 2021
BREA: INCREASE IN VAT OKAY, GIVE BUYERS TOP NOTCH SERVICE
The leadership of the nation’s largest professional association said today they would ask their clients to swallow a higher Value Added Tax rate on real estate purchases if that increase came with action – an improvement in ease of doing business including speedier application processing.
February 17, 2021
BREA president: It's a buyer's market amid COVID-19, especially in GB, Abaco
It's a buyer's market in the local real estate sector amid COVID-19, but especially for Grand Bahama and Abaco post-Hurricane Dorian, Bahamas Real Estate Association President Christine Wallace-Whitfield said yesterday She added that the rental market continues to have a difficult time, after many people's livelihoods were affected by the COVID-19 pandemic's shock to the ...
The post BREA presiden...
January 21, 2021
BREA stresses use of registered realtors after arrest
After the arrest of a man last month for fraud by false pretenses, Bahamas Real Estate Association (BREA) President Christine Wallace-Whitfield issued a strong warning to real estate buyers in a press statement yesterday, warning them to use only a BREA-licensed broker or salesperson to purchase, rent or sell property. Wallace-Whitfield urged real estate clients ...
The post BREA stresses use of r...
BREA warns of increase in fake real estate agents
December 24, 2020
BREA warns of increase in fake real estate agents
The Bahamas Real Estate Association (BREA) has noted an increase in individuals purporting to be real estate agents who are scamming individuals of tens of thousands of dollars at a time, and is warning those in the market to be mindful of who they conduct their real estate business with. BREA President Christine Wallace-Whitfield said ...
The post BREA warns of increase in fake real estate agents...
Please ignore BREA and raise property taxes
December 07, 2020
Please ignore BREA and raise property taxes
Dear Editor, I am, among other things, a real estate attorney. As such, I work with realtors every day. Like many realtors, I make money from high-end property sales involving mostly foreigners. Like them, I understand (although I do not overstate) the role that the high-end real estate market plays in our economy. Nor do ...
The post Please ignore BREA and raise property taxes appeared first on T...
October 15, 2020
BREA-Royal Palm Coast Realtor Assn Virtual Trade Mission ‘Historic Success’
DPM, Tourism Minister & Director-General, NAR Global Chief Among Speakers...
July 08, 2020
Real estate industry holds 1st Zoom AGM, New Board Elected Wallace-Whitfield Re-elected BREA President, 1st Female to Serve a 4th Term
More than 50 members of the Bahamas Real Estate Association (BREA) attended the official body’s first ever virtual meeting, naming a new board and re-electing broker Christine Wallace-Whitfield, the first female to serve a record fourth term...
BREA: ‘Private islands, remote destinations helping set Bahamas real estate market on fire’
June 10, 2020
BREA: ‘Private islands, remote destinations helping set Bahamas real estate market on fire’
Months after much of the world’s economy shut or slowed down in response to the COVID-19 pandemic, the Bahamas real estate market is awakening with an explosion of new interest by people from around the world...
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