Here's a quick update on some changes to the rules for real estate dealers in Jamaica:
Dormancy Policy Revoked:
- Dealers acting as qualifying directors of a dealer company can now choose whether to apply for an individual license or put their license on dormancy for a particular year.
Supervising Dealer Eligibility:
- The number of persons attached to a single dealer has been increased from two to four.
- Supervising Dealers must meet certain criteria, including completing the Real Estate Supervisory Dealers Continuing Professional Development Course, holding a current dealer's license, having at least 3 years of practicing dealer experience, being fully compliant with legal filings, having no serious complaints, and meeting office requirements.
Real Estate Dealers Course:
- A two-day course will be offered, with the first day for all dealers and the second day specifically for supervising dealers.
Requirements for Overseas Dealer Registration:
- Overseas applicants must complete the Dealers Training Course at the Real Estate Training Institute (RETI) and spend at least one year attached to the office of an approved real estate dealer.
The aim of these changes is to enhance the professionalism and competence of practitioners, ensuring a better experience for the public.
For any clarifications, feel free to reach out to us:
- Address: 24 Trafalgar Road, Kingston 10.
- Telephone: 876-926-9748/9
- Email: info@reb.gov.jm, rhdsupport@reb.gov.jm
Jamaica Homes is a trailblazer in the real estate industry, offering a comprehensive platform for selling, buying, renting, and financing. With a commitment to innovation, accessibility, and community-building, Jamaica Homes is not just a real estate company; it's a journey towards home, enriched with the vibrant spirit of Jamaica.