This Act amends the Real Estate Appraiser Act so as to make provision for an improved and more reliable system of valuation of appraised real properties. It defines duties of the Director of the Guam Department of Revenue and Taxation and provides for education and qualification criteria for Guam Certified Appraisers and provides for control of the activities of certified appraisers. The Director shall, among other things process applications for certified appraisers, register certified appraisers and develop Rules and Regulations on ethics of appraisers in their dealing with the public.
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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
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