This Chapter regulates the practice of real estate valuation, defines the powers and duties of real estate appraisers and provides for their licensing and certification.The Chapter provides stricter rules and standards for the assessment of value of real property in Guam so as to provide a basis for loans secured by a mortgage. Carrying out an appraisal activity in Guam requires a licence to be granted by the Director of Revenue and Taxation. The Director shall maintain a register of persons certified under this Act. The Director may investigate the activities of real estate appraising and may undertake disciplinary action.
Authors and Publishers
Guam Compiler of Laws
Spain ceded Guam to the US in 1898. Captured by the Japanese in 1941, it was retaken by the US three years later. The military installations on the island are some of the most strategically important US bases in the Pacific.
Guam is a presidential democracy. Guam is a self-governing unincorporated territory of the US.
Source: CIA World Factbook
Data provider
FAO Legal Office (FAOLEX)
The FAO Legal Office provides in-house counsel in accordance with the Basic Texts of the Organization, gives legal advisory services to FAO members, assists in the formulation of