Bahamas Real Estate Association chief challenges government & GBPA

Freeport, Grand Bahama Island - The Bahamas Weekly presents herewith an exclusive video interview with William Wong; President of The Bahamas Real Estate Association (BREA) during his visit to the island September 22nd, 2009.

In this interview Mr. Wong defines BREA and he expresses BREA’s frustration with Grand Bahama Island’s unique circumstance being under the Grand Bahama Port Authority (GBPA). in particular he challenges the GBPA’a right to issue real estate business licenses to persons he states “are not experienced, not trained as to what real estate is all about". He further states; "Therefore we have these unlicensed persons selling land in Grand Bahama who don’t know what they’re doing.”

The BREA President emphatically cries out to the government to step in and help them with what defines as " this vexing issue"…The Government really needs to step in and tell The Port Authority, the real estate act of 1995 gives the responsibility of the real estate business solely in the hands of BREA.”

Mr. Wong imparts information on the requirements needed for BREA membership including the examination structure; which is basically a six months course condensed into a one week time period.

The 700 members strong BREA chief also advises potential second home investors that now is the time to purchase real estate, as he praise the natural beauty of The Bahamas and the tremendous potential of Grand Bahama Island.

You will indeed wish to watch this controversial and enlightening video.