Fri. Dec 9th, 2022

In the Bahamas, an appraiser must be certified and licensed by the government to conduct appraisals. The country has strict laws governing this profession. An appraiser must be a resident of The Bahamas, or a permanent resident with the right to work. In addition, the appraiser must be a member of the Bahamas Institute of Appraisers.

It is frustrating to discover that a foreign appraiser is working on Bahamas property. Even more frustrating is the fact that no one in The Bahamas has ever been arrested for doing the work. In the case of Tyler Technologies, they were involved in revaluations and mapping of New Providence, even though they are not licensed. This is a clear violation of Bahamian law and should be punished. bahamas appraisers Any appraisal work that involves foreign realtors must be done by a licensed Bahamian.

Appraisers travel to different locations to evaluate homes, businesses, and other objects of value. Then, they write reports based on the information they receive. They may also take photos of items so they can be compared later. In order to arrive at an accurate estimate, the appraiser compares the property or object to comparable listings and similar properties in the industry. In addition, an appraiser knows the neighborhood, which can be important in making a fair assessment.

Jennifer joined Island Real Estate in March 2011 and has extensive experience with many properties on Harbour Island. She has a natural affinity for people and is an excellent communicator. She anticipates individual investor needs. She has completed several appraisals and is the vice president of the Bahamas Real Estate Association. She also holds a bachelor’s degree in finance from the University of Oregon. She has worked in the legal and financial sector of The Bahamas for more than a decade. She was a naturalized citizen of The Bahamas in 1973. She also attended the City College of New York and studied law at the University of The Bahamas.

Bahamas Realty appraisers are highly skilled and knowledgeable about the local property market. These professionals are fully aware of the sales and rental conditions in both the commercial and residential markets. Moreover, they have worked on several commercial and subdivision projects, and they can provide valuable information about the costs of infrastructure and construction. They also have extensive experience in appraising every type of property in the Bahamas.

Lorraine McLaughlin has been a real estate broker and appraiser since 1995. She is a licensed member of the Bahamas Real Estate Association. The only licensed real estate broker in Spanish Wells. She is also a member of the Bahamas Appraisers Association. A licensed appraiser must have the proper credentials and experience to make a fair appraisal.

The Bahamas Real Estate Association is actively working to improve the laws governing this profession. The association is recommending the introduction of stiff penalties for anyone found guilty of operating an appraiser without a license. The real estate association is also pushing for the update of the 25-year-old real estate legislation.

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