Turks & Caicos Islands Real Estate Services - Regency International Estates


by RIE

Regency Christie's International Real Estate recently closed one of the largest residential sales in Turks & Caicos Islands for 2014, with both listing agent and buyers agent in house. The amazing Beachfront Estate, offered at $16,900,000.00, was listed on the open market for only three months, setting a new record for the company.

Robert Greenwood, TCREA President and Principal Broker of the firm states: This sale elated us all and showcases the true synergy of our team and the impressive outreach offered by Christie's International Real Estate. The elegance of this estate, set in the fabulous beauty of the Turks and Caicos Islands, located on the edge of sparkling turquoise waters and powder soft white sand beaches is second to none. Regency Christies International Real Estate strives to bring the right property to our distinguished clientele, and we are so pleased that this luxurious property has a proud new owner with a very satisfied seller.

Turks & Caicos Islands deserves its upscale reputation and the newly sold beachfront estate exemplifies the luxury offered in the islands. This is a magnificent estate on 10+ acres of Grace Bay beachfront property, with 11,000 sq. feet designed for opulent indoor and outdoor living, including a protected canal lot and custom built boathouse.

On the market for only three months with both buyer and seller in house, this sale exemplifies the quality and effectiveness of Regency Christie's International Real Estate in Turks & Caicos islands.

"Congratulations to Principles and Brokers, Walter Gardiner and Katherine Baryluk for their professionalism and skills required to bring this to fruition."

As the exclusive affiliate of Christies International Real Estate in the Turks & Caicos Islands, Regency offers their clients global market knowledge, and massive networking and outreach sales promotion, utilizing innovative marketing systems and a network that includes the very best in the industry. Distinguished clientele looking for absolute luxury, essential value, utmost privacy and consummate security and privacy will find all they desire in Turks and Caicos Islands. This offshore tax friendly haven offers impeccable financial services, no property tax, ease of residency and political stability as a British Overseas Territory. The range of properties available now are select and distinguished.

The Turks & Caicos islands is conveniently close to mainland USA with daily direct flights from 11 major cities. In addition the benefits of this offshore tax haven can be tailored for you by impeccable financial services professionals located here


by RIE

Each quarter our team comes together to analyze the quarterly performance of the real estate market. It is key for us to the most up-to-date and accurate information at our fingertips.

It has also proven to be a fundamental source of information for both our buyers and seller, providing insight not usually accessible to those outside of the industry.

For the third straight quarter the Turks and Caicos Islands has enjoyed increases in specific sectors of the market, most being consistent in growth, whilst others have skyrocketed.

We hope the information provided serves of interest and look forward to working with you in the future.  

Turks and Caicos Islands Q3/2014 State of the Market Report please clich HERE

 


September 13, 2014

New To The Market !!!

by RIE

BRAND NEW OCEANFRONT HOMESITE JUST LISTED


LEESIDE ESTATES

Leeside Estates Oceanfront Homesite Only a limited supply of oceanfront properties such as this remain at the new Leeside Estates subdivision. Internal canal system allows for easy boat access to the beautiful waters on the south side of Providenciales (Caicos Banks). For those looking for a vacation homesite or a place to put down roots this could be exactly what your looking for. Peaceful and surrounded by turquoise waters, a boaters dream. The property is the best priced oceanfront property available and will not last long.

Click Here For Visual Tour

 

Contact Robert Greenwood

Director/Broker/Licensed Auctioneer

robert@tcibrokers.com

Direct: +1 (649) 432-7653


by RIE

Q2/2014 Year to Date Comparative Analysis:

For those who are looking to invest in our beautiful islands, or who live and work in the Turks and Caicos, this report clearly defines the TCI property market in real time.  Keeping our clients and customers informed as to how the real estate market is progressing, with solid comparative data from the previous year, is critical to making informed decisions and we offer this service each quarter.      

Regency-Christie's International Real Estate analyzes data derived from the Turks and Caicos Real Estate Association's (TCREA) MLS proprietary members only database, distilling all property sales data into a format that is easily accessible and quickly understandable.  We hope that it will prove to be of great interest and we always welcome questions about the real estate market in TCI - the Caribbean's premier destination.

 Major Notes for Q2 2014:

  • TCI has enjoyed a 116% increase in its Single Family Home & Villa Market 'Dollar Volume Sales' 2014 year to date  over the same period in 2013.
  • Single Family Home & Villa Market continue to lead the way through the first half of 2014. 

Properties falling into the $1M + range show a substantial increase in sales, which can be attributed to several significant sales such as the prominent Saadet House listed at $16.9M (sold by Regency Christies International Real Estate in just 3 months), as well as others including an amazing Amanyara Villa and the newly constructed Saving Grace mansion in Leeward.

The high value sales trend shows great confidence in our real estate market and the security and stability of the Turks and Caicos Islands in general. The TCI's extremely convenient location, which allows many North American investors to leave their doorstep and be on the beach in just over 3 hours, is a huge factor driving the high end market forward. A further trend is a steady increase of  sales in the 'Private Island' sector, including significant sales of two Pine Cay properties - an exclusive members only island established in the 1970's!

Historically, one of the most robust sectors in the Turks and Caicos Islands inventory has been the Condo/Resort's located long the beautiful Grace Bay. Whilst the 2nd Quarter shows only a modest increase over 2013, we must remember that significant increases continue since 2011.The annual 4% to 7% increase in sales is a solid market sector improvement year on year.

The stretch of Grace Bay beach that constitutes the majority of the islands' high-end Condo Resorts has now been substantially developed with low density, luxury properties. This provides a new attractiveness for our Grace Bay  properties with not just the best location , but now  limited supply! The addition of new inventory in several proposed projects will certainly boost the condo resort market through the introduction of fresh inventory not only located on Grace Bay Beach, but other areas of the island. 

2013 enjoyed some of the islands most significant Commercial Hotel/Tourism Zoned sales seen in many years. Regency Christie's International Real Estate is proud to have introduced new overseas developers to the Turks and Caicos Islands, with exciting plans for new projects through 2014/2015.

Major projects for the Turks and Caicos Islands going forward in 2014 are definitely gaining momentum, with the recent announcement of a $100M development order for the new Turtle Cove Resort & Marina Project, the redevelopment of West Caicos, Hotel projects branded under the Ritz Carlton,  all now well into the planning stages for 2014. The possible redevelopment and completion of several projects effected by the past economic downturn adds huge potential for the country and the Shore Club on Long Bay is well underway, with construction of the luxury condo buildings expected by end of 2014.

As of this writing, there are over $60 Million + (list price)  in pending sales in the TCREA MLS system with scheduled closings. This is a significant volume of real estate transactions that substantiates our confident outlook, and that will certainly boost the real estate market throughout the remainder of 2014. 

The Turks and Caicos Islands are now entering its' second and most stable development phase.  Confidence in the islands is at its highest level since 2008 and  Regency Christie's International Real Estate is leading the way in our market.

Quick Facts about Regency Christies International Real Estate :

  • 2012 Top Commercial Land sale in the country: 11 Acres on Grace Bay Listed for 16M
  • 2013 Top Producing Agent by number of sales, 60 Transactions: Walter Gardiner Director/Broker 
  • 2013 Top Residential Sale in the country  : Emerald Cay. Listed for $45M
  • 2014 Top Residential Sale of the spectacular Saadet Estate. Listed for $16.9M
  • Top Hotel/Tourism Related land Sales : Grace Bay beachfront development sites. Listed at $ 44M
  • Top Producing Brokerage at the Regent Palms Condo/Resort 2013/2014
  • Top Producing Brokerage for Private Island sector 2013/2014 : Pine Cay, Parrot Cay 
  • 2014 Top Listing Brokerage : $ 93 million properties value listed as of July 2014
  • President of the Turks and Caicos Real Estate Association : Robert Greenwood - Director /Broker RCIRE 

We are proud to assist our valued clients and customers with their real estate needs. Regency Christie's International Real Estate strives to clearly define the world of luxury real estate through global outreach and professionalism, bringing you the finest properties available in the Turks & Caicos Islands. (Full Report)


by RIE

Regency Christies International Real Estate doubles in size, becomes top listing broker in TCI for 2014 through merger with Horton Realty. Directors Katherine Baryluk, Robert Greenwood and Walter Gardiner delighted with synergy, look forward to strong sales performance for clients.

Regency Christie’s International Estates in Turks & Caicos Islands announced their merger with Horton Realty late last autumn to become the second largest real estate brokerage in the Turks & Caicos Islands.  The merger makes great sense for these two companies who have worked together cohesively in the past, and by combining their property inventories, agents and wide range of talents the firm now offers clients unparalleled customized services, with diverse and complimentary  areas of expertise under one roof.

During 2014, the amalgamated team at Regency Christies International Real estate has moved from strength to strength in high end property sales and listings throughout the Turks & Caicos Islands : 

Top Listing Brokerage   2014 

$93 million worth of listings

Total sales 2014 to date $26 million

2014 most significant sale   @ $16.9 million 

2013 most significant sale  @ $27 million

Regency Christies International Real Estate offers a huge selection of properties for sale and extends their expertise across all islands in Turks & Caicos, providing specialization in all aspects of real estate and development. 

The company directors are well established Top Producers showcasing integrity, discretion, and superb quality customer service, offering bespoke broker services to their discerning clients. 

Walter Gardiner has many years at the top of the commercial development real estate market focused on tourism, hotels, luxury resorts, and high end estate/villa properties. “Turks and Caicos Islands is my home, and welcome you to find your home here. It is especially appealing as an investment and commercial destination at this time, with excellent opportunities at levels”.

Katherine Baryluk is the renowned private islands specialist here in Turks & Caicos Islands and the direct Christies International Real Estate representative. “TCI is an amazing place to visit and an incredible place to call home. Unexplored beauty that can't be put into words... even pictures don't do it justice. Something to experience for yourself.”

Robert Greenwood is currently president of the Turks & Caicos Real Estate Association (TCREA), a licensed auctioneer and leader in corporate management.  Check out his 2014 message in the new TCREA magazine “Buying a property in the Turks and Caicos Islands is about more than four walls and marble floors. It’s about the way the Islands make you feel, about a lifestyle like no other.”

As the exclusive affiliate of Christie’s International Real Estate in the Turks & Caicos Islands, Regency Christies International Real Estate offers their clients global market knowledge, and massive networking and outreach sales promotion, utilizing innovative marketing systems. Distinguished clientele looking for absolute luxury, essential value, utmost privacy and consummate security will find all they desire in Turks & Caicos Islands. This offshore tax haven offers impeccable financial services, no property tax, ease of residency and political stability as a British Overseas Dependent Territory. Come visit soon……


by RIE

SUMMER 2014

As we move through the first half of 2014 I am looking back on the many changes seen in the Turks and Caicos Islands, but what hasn't changed are the beautiful beaches, the sparkling turquoise waters, and the amazing investment opportunities. Throughout the Caribbean the global economic adjustments have been difficult over the past few years and the Turks and Caicos Islands have certainly not been immune to this, yet through its natural beauty, convenient location, security of investment and its tax haven status, we remain one of the top choices in the Caribbean region.

Continued confidence in the Turks and Caicos Islands is shown with our gentle increase in overall realty sales activity across the market, and with visible motion everywhere in the country. Condominium sales are the fastest and most robust sector on the island with the high end villa market coming alive, and significant movement in large beachfront acquisitions for tourist development related projects. Very encouraging market factors on Providenciales include the Blue Haven Marina and Hotel newly operational, the construction ongoing for the Long Bay Shore Club, the new FBO of Provo Air Centre well advanced, and the refurbishment of the main international airport – all major projects which visibly confirm the healthy investment climate on island. The rejuvenation of the massive West Caicos development project, ongoing work with two developments on South Caicos, new homes for sale on Parrot Cay, renewed sales activity on Pine Cay, North and Middle Caicos all bolster our forward trend - plus the ongoing cruise ships stopping over in Grand Turk widely increase  TCI visibility worldwide. As we proceed through the rest of the year I believe we will continue to see more positive real estate activity. Sellers are keen, good solid deals are possible and overall confidence in all market sectors is clear.

As a British dependent territory, with US dollars as official currency and predominantly Canadian banks, the tiny country of Turks & Caicos Islands has a wealth of advantages and opportunities to offer. The long term security of investment in property here is excellent, and as an off shore tax haven, with no property tax, further benefits accrue. This small country of diverse islands holds exceptional promise as both a vacation and investment destination, and the overall total numbers of visitors continues to rise each year. The ever expanding direct airlift into the main international airport on the island of Providenciales is a very positive factor for new growth,  with a wide variety of airlines bringing passengers quickly into the country from major US and Canadian cities such as Atlanta, Boston, Charlotte, Dallas, Miami, Newark, New York, Philadelphia, Montreal, Toronto – and even a weekly direct flight from London England!  This absolute convenience, combined with the US dollar currency, the English speaking population and the country status as a British overseas territory enhances creates a serious investment potential for real estate opportunities, both commercial and personal, in the Turks & Caicos Islands.

Year on year real estate sales in TCI are strengthening in both unit volume and the total dollar volume. This gradual and steady upbeat movement in the real estate market here is very impressive when compared across the Caribbean region and can be directly credited to the hard work and professionalism of the 14 Brokerages and 95 Agent Members who make up the Turks and Caicos Real Estate Association, fondly known as TCREA.

From TCREA’s inception in 2000 the association has remained steadfast in its goal to provide clients an exemplary service, enhanced by comprehensive training, education and licensing initiatives with our members. Ongoing training programs offer monthly workshops and seminars for all members - whether new to the industry or well established veteran brokers and agents -  to keep abreast of changes that occur, be it new real estate models entering the market place or changes to legislation. TCREA strives to remain current and on the cutting edge of its industry, and I am very proud to be serving as the active president this year.

Come and visit our islands soon to find that perfect family retreat, that impeccable investment, that great commercial opportunity or your dream retirement home. We warmly welcome you to Turks & Caicos Islands!

Enjoy our “Beautiful by Nature” Turks and Caicos Islands.

Robert Greenwood, President

Regency-Christie’s International Real Estate


by RIE

HUGE PRICE REDUCTION ON LUXURY PENTHOUSE
REGENT PALMS PENTHOUSE 5501/2/3

MLS#1400057 

Listing Price:$2,600,000

Bedrooms: 3

Baths: 3.5

Sq.ft: 3791

Acres:10

Description:

Arguably one of the most stunning Penthouse properties located at one of the Turks and Caicos Islands most beautiful Condo Resorts, fronting one of the worlds best beaches. Most certainly a magnificent combination and one that is now being offered for sale. At 3791 sq. ft this Grand Penthouse suite has 3 sizable bedrooms each with ensuite bathrooms and private balconies. The suite enjoys a superior 1198 ft of outdoor living space, all designed to maximize stunning beach, ocean and Sunset views. The Penthouse is impeccably designed and finished with the very best of finishes and fitted with top of the line VIKING appliances and Kholer fixtures. The unit comes fully furnished in a style befitting your classic Caribbean retreat. This beautiful Penthouse at the Regent Palms offers the discerning investor more than just an amazing vacation home, but a whole host of first class services and amenities combined with income potential when not in residence. The Regent Palms operates as a high end 5 Star resort allowing owners to take advantage of rental income whilst not in residence.

The Penthouse also comes with a garage...


Private Island Real Estate Sales Are Fast Becoming One Of The Most Desirable Sectors Of The Luxury Real Estate Market. Affording Owners And Members The Ultimate Experience In Privacy And Tranquility. All Surrounded By Powder Soft, White Sandy Beaches and Turquoise Waters.

Pine Cay in the Turks & Caicos Islands is attracting new members drawn to the simplicity and tranquility of this well established island community.

We are delighted to announce that three high value Private Island properties on Pine Cay were sold over this past year, confirming the great investment value and superb lifestyle opportunity available.

The efforts provided by Regency-Christie's International Real Estate Ltd. are leading the high end Private Island real estate market in Turks & Caicos Islands, and we believe the sales achieved are a true testament to the quality of the real estate opportunity presented here.

As a British dependent territory, with US dollars as official currency and predominantly Canadian banks, the tiny country of Turks & Caicos Islands has a wealth of advantages and opportunities to offer. The long term security of investment in property is excellent, and as an off shore tax haven, with no property tax, further benefits accrue.

Turks & Caicos Islands has historically been a lifestyle destination with potent investment incentive due to the attractive offshore tax structure of this country. These offshore benefits have become more important over the years and a very sophisticated range of services are available.

Own Your Piece Of Paradise:
We are delighted to bring you our inventory of Pine Cay properties : please click on any property for further details and pictures.
Now is the time to choose your Caribbean retreat home on Pine Cay.

Sandcastle: waterfront lot, 3.6 acres, 3 bed/bath wooden cottage, huge decks $1.8 million

Foxtrot: beachfront lot, 1 acre, east end of island, unique 3 bed/bath home : $1.45 million

Orchid Point: beachfront estate, 14 acres, 3 bed/bath cottage, spectacular house site : $7.75 million

Come and visit Pine Cay soon - it is a remarkable island with the softest white sand beach imaginable! It offers a truly peaceful lifestyle, a pristine destination with a strong environmental ethic , and an intriguing community of member families

Take A Tour Of Pine Cay HERE 


Robert Greenwood, President
Turks and Caicos Real Estate Association 
Regency-Christie’s International Real Estate

As we move through the first half of 2014 I am looking back on the many changes seen in the Turks and Caicos Islands, but what hasn't changed are the beautiful beaches, the sparkling turquoise waters, and the amazing investment opportunities. 

Throughout the Caribbean the global economic adjustments have been difficult over the past few years and the Turks and Caicos Islands have certainly not been immune to this, yet through its natural beauty, convenient location, security of investment and its tax haven status, we remain one of the top choices in the Caribbean region.

Continued confidence in the Turks and Caicos Islands is shown with our gentle increase in overall realty sales activity across the market, and with visible motion everywhere in the country. Condominium sales are the fastest and most robust sector on the island with the high end villa market coming alive, and significant movement in large beachfront acquisitions for tourist development related projects. Very encouraging market factors on Providenciales include the Blue Haven Marina and Hotel newly operational, the construction ongoing for the Long Bay Shore Club, the new FBO of Provo Air Centre well advanced, and the refurbishment of the main international airport – all major projects which visibly confirm the healthy investment climate on island. The rejuvenation of the massive West Caicos development project, ongoing work with two developments on South Caicos, new homes for sale on Parrot Cay, renewed sales activity on Pine Cay, North and Middle Caicos all bolster our forward trend - plus the ongoing cruise ships stopping over in Grand Turk widely increase  TCI visibility worldwide. As we proceed through the rest of the year I believe we will continue to see more positive real estate activity. Sellers are keen, good solid deals are possible and overall confidence in all market sectors is clear.

As a British dependent territory, with US dollars as official currency and predominantly Canadian banks, the tiny country of Turks & Caicos Islands has a wealth of advantages and opportunities to offer. The long term security of investment in property here is excellent, and as an off shore tax haven, with no property tax, further benefits accrue. This small country of diverse islands holds exceptional promise as both a vacation and investment destination, and the overall total numbers of visitors continues to rise each year. The ever expanding direct airlift into the main international airport on the island of Providenciales is a very positive factor for new growth,  with a wide variety of airlines bringing passengers quickly into the country from major US and Canadian cities such as Atlanta, Boston, Charlotte, Dallas, Miami, Newark, New York, Philadelphia, Montreal, Toronto – and even a weekly direct flight from London England!  This absolute convenience, combined with the US dollar currency, the English speaking population and the country status as a British overseas territory enhances creates a serious investment potential for real estate opportunities, both commercial and personal, in the Turks & Caicos Islands.

Year on year real estate sales in TCI are strengthening in both unit volume and the total dollar volume. This gradual and steady upbeat movement in the real estate market here is very impressive when compared across the Caribbean region and can be directly credited to the hard work and professionalism of the 14 Brokerages and 95 Agent Members who make up the Turks and Caicos Real Estate Association, fondly known as TCREA.

From TCREA’s inception in 2000 the association has remained steadfast in its goal to provide clients an exemplary service, enhanced by comprehensive training, education and licensing initiatives with our members. Ongoing training programs offer monthly workshops and seminars for all members - whether new to the industry or well established veteran brokers and agents -  to keep abreast of changes that occur, be it new real estate models entering the market place or changes to legislation. TCREA strives to remain current and on the cutting edge of its industry, and I am very proud to be serving as the active president this year.

Come and visit our islands soon to find that perfect family retreat, that impeccable investment, that great commercial opportunity or your dream retirement home. We warmly welcome you to Turks & Caicos Islands!

Enjoy our “Beautiful by Nature” Turks and Caicos Islands.


by RIE

After many years, the Turks and Caicos Real Estate Association has a new President, Robert Greenwood, Director and Broker of the Exclusive Christie’s International Real Estate Brand for the Turks and Caicos Islands. 

Mr. Greenwood, born in the UK and the son of an overseas Developer spent his early years on the island of St. Lucia, moving to the Turks and Caicos in 1980 where his father was an integral part of the islands first major hotels and resorts. 

“Living in the Turks and Caicos Islands in the early years was very different, yet an absolutely amazing experience. One that has allowed me to see just about every change the islands have gone through” said Mr. Greenwood. “I feel extremely privileged to have been afforded the opportunity to live in these beautiful islands, now a proud citizen of the Turks and Caicos Islands, “I just couldn’t imagine calling anywhere else home he says.”

So with this life experience in hand, Mr. Greenwood followed in his fathers footsteps starting out in his fathers construction company, eventually moving on to his own firm and  developing Projects both within the 

Turks and Caicos Islands and the United States. By way by natural progression, Robert was exposed to Property and Resort Management, and of course, Real Estate Sales and Wealth Management, gaining a vast amount of hands on experience. This is however where he found his true passion, and has since continued to focus on Real Estate , and with his Partner, Katherine Baryluk, a prominent top producing Broker from Toronto Canada, built Regency Christie’s International Real Estate, one of the Turks and Caicos Islands most influential Luxury Real Estate Brokerages. 

Only the most accomplished real estate brokers at the top of their markets are invited to join the Christie’s International Real Estate Affiliate network. They undertake an exhaustive vetting procedure, examining all aspects of their business, their history, their character, and their potential. Once its determined that a broker is a leader in their field, exceeds our stringent service standards, and demonstrates a proven record of success, they are awarded the Christie’s International Real Estate Affiliate status, entering into a formal contractual relationship.

As the leading network of real estate brokers dedicated to the marketing and sale of luxury homes, we can provide you with a global platform with localized connections to buy or sell your fine property. In markets from Stockholm to Rio de Janeiro, you will have assistance from a local professional who speaks the language, knows the neighborhoods, and is in tune with the culture of the community, giving you immediate access to the knowledge you need.

However, the focus for Robert along with his own firms continued success is The Turks and Caicos Real Estate Association. Christie’s International Real Estate are active Broker Members of the association, the islands only such association and keepers of the MLS ( Multiple Listing Service). This system holds every piece of land and property thats held through TCREA, its 15 Brokerages and 92 Agents, making for a comprehensive single source database. This provides an extremely easy and very efficient system for both the agents as well as prospective buyers and investors. Each Brokerage and individual agent has access to the others listings so our clients don’t have to go from agent to agent. www.TCREA.com

In brief, The real estate market has grown tremendously over the past twenty years, and with it the real estate industry has changed and expanded. In the early 1980’s there were only a handful of brokers in the Turks & Caicos Islands, each of them taking only exclusive listings which were rarely shared with another company. This required that – as in the UK - serious purchasers had to visit each individual broker to get a 

clear picture of the number of properties on the market. 

In June 2000 six Brokers founded TCREA. In the intervening years the Association worked to create a framework so that its members could work together in harmony and professionalism.

Major achievements of the Association include: 

 

  • The establishment of a standard commission structure Setting up the co-brokerage arrangement
  • Employing a full time Association Administrator Establishing administrative office facilities in Le Petit Place 
  • Regular publication of the TCREA Real Estate Magazine
  • Organizing the Multiple Listing Service (MLS) 
  • Computerization of the MLS system
  • Establishing a pattern of Community Involvement 
  • Creating a comprehensive Training and Licensing Program

 

Since its inception, TCREA has handled thousands of sales, large and small; and ensures a buyer can deal with any one of the member realtors and have access to every listing. Being on-line, changes are made in Islands. The systems and paper work too are standardized; buyers are presented with a Preliminary Agreement – the standard ‘Offer Form’ in the Turks & Caicos Islands – making transaction procedures the same from company to company.real-time so all information is current and available to every member via the TCREA MLS website: this site has a real-time link to the end user website: www.tcrea.com The full colour TCREA Real Estate Magazine, circulated several times per year, has become a significant 

marketing tool, making it easy for potential clients to gather information on property types, sizes, styles, locations and relative values in the Turks & Caicos 

Sellers of real estate benefit similarly; they can now list a property with one chosen broker and know they will receive the sales and marketing services of over 15 other firms, all motivated to sell their property.

TCREA also functions as the regulatory arm of the Association whenever necessary, ensuring that buyers and sellers are dealt with in a courteous, professional manner by every member. It also ensures that the spirit of fair play and co-operation is maintained between individual member firms. Any breach of TCREA’s Code of Ethics or Rules and Regulations is dealt with by the Association and is subject to disciplinary action.

In response to the Turks & Caicos Government Ordinance requirement that before a Real Estate Agent License will be issued, all sales agents and sales representatives must have completed a Professional Real 

Estate Course. Since Caribbean Islands offer a vastly different range of real estate options from other countries, TCREA has produced a curriculum and training courses exclusively for Turks & Caicos agents. This is the first ever local training opportunity for Turks & Caicos Real Estate Agents. Following these courses, examinations are required for all TCREA agents to assure a continuing high standard of expertise and professionalism within the Turks & Caicos Islands real estate industry.

The Code of Ethics of TCREA is the measure of professional conduct that may be reasonably expected from the Members of the Association by those Members and by the general public.

The Code expresses the high professional ideals held by TCREA Members. The Code requires Members to continue to strive to improve the standards of the real estate profession through shared experience, co-operation and education.

Maintenance of the reputation of the Turks and Caicos Real Estate Association and of the high standard of ethical practice which it promotes is the direct responsibility of every TCREA Member.

The confidence and responsible nature of a real estate professional’s work makes it a matter of public concern that the reputation of Members of TCREA for integrity and efficiency should be beyond reproach.

The prestige of any professional body depends to a very great extent upon the ethical standards observed by its Members, both in their association with one another and in their relationships with the community in general. The duty therefore devolves upon every Member of TCREA to conduct his business in a manner which will effectively uphold and enhance the reputation of the Real Estate Profession.”

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