The Bahamas appraiser is licensed to conduct appraisals in the country. The Bahamas Real Estate Association licenses appraisers, who are also licensed brokers. They are members of the National Association of Realtors and the Bahamas Realtors Institute. They have completed appraisals for many lending institutions and government departments in The Bahamas. They have also sold properties on many of the islands.
A Bahamas appraiser has specialized training and experience in the property value market. This is a volatile market, which is why a licensed and qualified appraiser is essential. A good Bahamas appraiser will have extensive knowledge of the market and the unique characteristics of the area. He or she should have a strong background in this field and have many years of experience in the field.
A licensed Bahamas appraiser must also be aware of the real estate laws. Appraisers who conduct appraisals illegally in The Bahamas should be fined or jailed. The Bahamas Real Estate Association is working on updating the 25-year-old real estate laws and making sure that appraisers who operate illegally are subject to strict penalties.
Mike Lightbourn, a Bahamas appraiser, has been a licensed broker since 1966. bahamas appraisers He has extensive experience in the legal and financial fields, having served as president of the Bahamas Real Estate Association and chairman of its Appraiser’s Committee. He is an IREA senior certified valuer and Bahamas Government-approved assessor.