Bahamas Real Estate Association

Bahamas Real Estate Association

Bahamas Real Estate Association Objectives

The Bahamas Real Estate Association objectives for which the Association is organized are:

  • To unite the Real Estate Brokers, and their Associates of The Bahamas for the purpose of exerting effectively a combined positive influence upon matters affecting their profession.
  • To promote and maintain the highest standard of conduct in the transaction of the Real Estate Profession as expressed in the Code of Ethics adopted by this Association and to enforce the Code among its members in their dealings with one another and the public.
  • To prevent infringements by foreign brokers or any other unauthorized person, persons, or a Company not 100% owned by Bahamian Nationals to transact the business of real estate brokerage or in the case of a Company not 100%.
  • To provide world class education to our Members and potential members.

Rules of Membership

An individual is eligible to apply to become a licensed Salesperson upon submitting to the Board all of the following prerequisites:

(a) Written confirmation from the licensed Broker of employment, on the Broker’s real estate company’s stationary, verifying the applicant’s employment.

(b) A copy of a current passport or birth certificate, verifying that the applicant has attained the age of eighteen years, (clause 12(2)(b).

(c) The applicant shall not have an order in bankruptcy or judgement of court which remains undischarged, (clause (12)(2)(c).

(d) A copy of a current passport, verifying that the applicant is either a Bahamian citizen or the holder of a certificate of permanent residence with the right to work endorsed thereon, (clause 13(2)(a).

(e) A copy of a certificate of competence for having successfully completed BREA’s Entry Level Course and for having passed the prescribed examination, (clause 13(2)(b) of the Act & Clause 6(2)(b) or the Regulations). Persons with certificates dating more a than six month period prior to application must retake the real estate course.

(f) One (1) personal bank reference.

(g) Three (3) written personal reference.

(h) Three (3) passport-size photographs.

(i) Form 1, Form 3, and Form 5 completed. Please note that the said Applications are to be proposed and seconded by licensed Brokers, and that individual proposing the applicant must be the licensed Broker of employment.

(j) Payment of the said Application Fee, in the total of B$150.00 (B$50.00 for each Form).

(k) A copy of a current police certificate.

(l) Only completed application with all attachments will be accepted. The Bahamas Real Estate Association will not assume responsibility for incomplete applications.

*** All clauses can be found in the Real Estate (Brokers and Salesman) Act 1995.

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