BREA Broker Exam Practice Questions - Bahamas Real Estate Broker Licensing Examination (BREA) Exam

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A non-Bahamian client wishes to purchase a single-family residence of two acres in Abaco for personal use. Under the International Persons Landholding Act, 1993, what is required?

A permit from the Bahamas Investment Authority before completion Cabinet approval because the buyer is foreign Only registration of the acquisition with the Investments Board after closing No filing of any kind is required

Correct Answer:

Only registration of the acquisition with the Investments Board after closing

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