Real Estate Documents & Process
This legal document not only proves ownership but is also needed to transfer property officially in the Registry of Records.
What is the Conveyance
Keys Bahamas Realty’s internal initiative that focuses on community outreach like food drives, blood drives, and clothes drives is called
What is KBR Cares
This legal concept gives a lender the right to take a property if the borrower defaults on their mortgage.
What is a Lien
This type of property ownership allows individuals to own the land and the building on it outright.
What is Freehold
This organ system is responsible for transporting oxygen, nutrients, and waste products throughout the body
What is the circulatory system?
Before submitting an offer, buyers typically provide this document from a financial institution verifying their borrowing capacity.
What Pre-approval or Pre-qualification Letter
The company requires agents to follow up with attorneys to obtain these two documents for compliance and 47C purposes
Recording Page and Conveyance
The difference between a property’s market value and the outstanding balance on all liens.
What is Equity
In The Bahamas, the fee paid to transfer property ownership is calculated as a percentage of the property’s sale price.
What is Stamp Duty
These structures in the lungs are where the exchange of oxygen and carbon dioxide takes place.
What are alveoli?
This compliance form completed by Bahamian agents details property specifics, owner information, and transaction type.
What 47C Form
The KBR motto emphasizes that a company is only as strong as this.
Its team members
A written agreement that grants a real estate agent the exclusive right to sell a property for a set period.
What is Exclusive Listing Agreement
What is the standard stamp tax percentage for properties valued under $500,000 in the Bahamas?
What 2.5% of the property’s value.
This hormone, produced by the pancreas, lowers blood glucose levels by facilitating cellular uptake of glucose.
What is insulin?
Agents must follow up with attorneys to obtain this specific page, which officially shows property registration and sale details.
What is the Recording Page.
KBR was founded by Kiara C. Jones, who started the company at this age.
What is 19
A clause in a sales contract that allows a buyer to back out if they cannot secure financing.
What is Financing Contingency
In The Bahamas, non-Bahamians must obtain this before purchasing property.
Minister’s Consent / Non-Bahamian Land Holding License
These paired organs filter blood, remove waste products, and help maintain electrolyte and fluid balance in the body.
What are the kidneys?
This document ensures all parties in a transaction are properly vetted for AML/CTF regulations in The Bahamas.
What is the Client Due Diligence (CDD)
During COVID-19, KBR made this unusual decision to support agents and staff.
What is Opened the founder’s house as a temporary workspace
An appraisal method that estimates the value of a property by comparing it to similar properties recently sold in the area.
What is Comparable Sales / Sales Comparison Approach
In The Bahamas, this government authority must approve any foreigner purchasing property, particularly for non-Bahamian citizens acquiring freehold land.
What is The Bahamas Investment Authority (BIA) / Ministry of Finance
This part of the brain is responsible for regulating balance, coordination, and fine motor control.
What is the cerebellum?