The president of the Bahamas Real Estate Association slammed foreign real estate agents and some local lawyers for their unethical behaviour yesterday.
As guest speaker at the Rotary Club luncheon this week, BREA president Pat Strachan said he had made it his mission to ”eliminate the unfair competition we are faced with from unlicensed foreign agents.”
Speaking out on the challenges faced by the Bahamian real estate agents he emphasised that lawyers are contributing to the loss of large sums of money for the real estate industry.
The BREA president said that real estate agents from the United States, Florida in particular, ”who are allowed to enter the Bahamas, get in cahoots with Bahamian lawyers to solicit listings and then sell Bahamian real estate,” are causing huge problems for the industry.
Mr Strachan called this conduct ”illegal, unethical and wrong” and said Bahamian lawyers participating in this kind of business should be reprimanded by the Bar Association.
The BREA president announced that he will be leading a ”crusade to get the Attorney General’s Office and the Immigration Department involved so we can put an end to this travesty and prosecute those who are responsible for this criminal offence.”
Source: Karin Herig, The Tribune
