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President Hugo message to membership

Monday, May 19, 2008

Dear Members,

Thank you once again for your unwavering support of AREBB and the reflection of that support through your attendance and valuable contributions during our last AGM held a little over a month ago. All ideas and suggestions contributed at the AGM were duly noted and have help set our board’s course of action. The three most important topics voiced at the AGM were: the Lands Department (Ministry of Natural Resources and the Environment) current caution on certain title processes, the enactment of the Real Estate Bill with AREBB’s recommendations, and the pursuit of the cooperative agreement with the National Association of Realtors (NAR).

Our newly elected board met for the first time on May 6th to discuss the issues at hand and the mandate from our members given at the AGM. The board is focused on addressing the concerns of AREBB’s members and on being the voice for the betterment and improved sustainability of our industry. With this in mind, our board has agreed to take as a priority and actively pursue two main issues with the current administration in the Ministry of Natural Resources and the Environment:

1. Address the land transfer caution placed in the processing of transfers for properties granted or purchased from Government between 2003 and present, and

2. Follow through on the Real Estate Bill with the changes we made to the original Bill.

These issues are paramount to our industry and required immediate action from our board.

We have been in communication with the Deputy Prime Minister and Minister of Natural Resources and the Environment, the Honorable Gaspar Vega, we are glad to report that the Minister is receptive to our ideas and looks forward to working with us in addressing the needs and recommendations of the real estate industry.

Honorable Gaspar Vega, Deputy Prime Minister and Minister of Natural Resources and the Environment, met with our Board Monday morning (May 19, 2008) to further solidify our association’s relationship with his Ministry and hear our concerns and recommendations directly.

The Board’s meeting with the Minister was very productive. The Ministry will issue a press release within the next few days elaborating on the Ministry’s caution on land transfers, and other issues. The Ministry reiterated the government’s ultimate goal is to improve the efficiency, transparency and delivery of service within the ministry in the management of our country’s natural assets. Though he shares our general view of the real estate bill, he did state that his Ministry is currently faced with a myriad of problems and, in due time, the bill will be effectively addressed.

At our annual general meeting held in April, our membership mandated that we pursue active affiliation with the National Association of Realtors (NAR). NAR’s regional representatives have welcomed the move and have requested a meeting with us next month. We have accepted their invitation and will pursue your mandate to secure a cooperative agreement with NAR.

As your new President it is my pledge to listen to you, the members of AREBB, and to work with the newly elected board to promote your interests and the improved practices within our industry. Our board members offer a wealth of experience and ideas with different perspectives, but are all guided by the same purpose as I am, to serve you and work toward regulating and improving the real estate industry in Belize.

I am excited to work with our new board members: Vice President Mr. Claudio Azueta, Directors:- Mr. Santiago Gomez, Mr. Stewart Krohn, Ms. Saira Mahabir and our Executive Director, Ms. Linda Munoz. I once again thank our past president Ms. Madeleine Lomont and past director Mr. Michael Singh who both continue to offer support and help wherever they can. Their commitment, time and efforts are well appreciated. Our strength is in our unity and purpose, and the results are evident. Thank you for allowing me to serve you, thanks again for the support you have given to the association and our board, I look forward to keeping you updated on our progress and plans for the future.

Our next general meeting will be called in July and will be held in San Ignacio. I shall be keeping you updated on all matters in the interim, and please forward your concerns to our office at or to me at


Hugo Moguel