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Requirements For Registration As A Real Estate Dealer

 
Real Estate Dealer

The Real Estate (Dealers and Developers) Act defines a dealer as a person who, on his own account, engages in the practice of real estate business; and an individual who is a member of a partnership; or a director or officer of a corporate body, which itself engages, on its own account, in the practice of real estate business. 



General Registration Requirements (New and Overseas Licensed Dealers)

Please complete/submit the following to the Real Estate Board (REB):

  • Application form
  • Application Fee of J$20,000.00. Payment Options.
  • Submit 3 letters of reference from any of the following:
    • Justice of the Peace (JP) *
    • Collector of Taxes *
    • Minister of Religion
    • Medical Practitioner
    • Senior Teacher or Principal
    • Civil Servant
    • Police Officer
    • Bank Manager
    • Active Real Estate Dealer

    NB. The JP that validates your address cannot simultaneously serve as your referee.

  • Copy of TRN
  • Police Report

    Note: If applicant is a body corporate, police reports must be provided for each director and secretary.

    How to Obtain a Police Record?

  • Bankruptcy Clearance Report receipt (report will be sent directly to REB)
    Institution: The Supervisor of Insolvency and Government Trustee
    Location:   52-60 Grenada Crescent, Kingston 5
    Fee:           J$3000


    Note: If applicant is a body corporate, fees must be paid for each director and secretary.

  • Certified copies of Certificate of Incorporation and Articles of Incorporation (for companies only)
  • 2 passport size photographs certified by an Attorney-at-law, Pastor or Justice of the Peace (for individuals only);
  • Proof of address (Utility Bills or letter from a JP confirming address)

 

 

 

 

NB: To be considered for Dealer registration, the individual (or qualifying director) must first complete a period of attachment of at least one year in the office of a Board approved dealer.

 

 

Professional Qualification (one of the following):

  • Royal Institution of Chartered Surveyors (RICS) certification in General Practice, Land Agency and Agriculture or Planning and Development.
  • Degree/Diploma in Land Economy and Valuation Surveying from the UTECH
  • Degree/Diploma in Estate Management, Land Economy or Land Management
  • Certificate in the Pre-licensing Dealers' Course at the Real Estate Training Institute.

Requirements for Registration (for person holding Overseas License)

 

Registration Process:

Please complete/submit the following to the Real Estate Board (REB):

 

  • Practice for at least one (1) year.
  • Certified copy of a current practicing brokers' licence (acceptable to the Board)
  • Proof of practice in real estate business within the last year (from application date). Applicants unable to provide same must seek an attachment with a local Dealer before continuing the process.
  • Aspects of Jamaican Land Law certification from the Real Estate Training Institute
  • Evidence of participation in 20 hours of the 108 hour Pre-licensing Salesman's Course at the Real Estate Training Institute
  • Work Permit for non-Jamaicans and non-Caricom nationals through the Ministry of Labour and Social Security.

More information on work permits

 

Registration Requirements:

  • Application Fee of J$25,000.00
  • Please note that applicants currently residing overseas or who have been residing overseas for six (6) months prior to application, are required to submit Bankruptcy and Police Clearances from that country as well as in Jamaica.  Please see links above pertaining to obtaining a police report and bankruptcy clearance report.

How to Obtain a Police Record?

  • The previous registration requirements as a dealer are applicable

 

Additional Information:
A Licence fee of forty thousand dollars ($40,000.00) is required if application is approved

 

The 20 hours of the 108 hour Pre-licensing Salesman's Course to be done are as follows:

Real Estate Act: 5 hours
Proceeds of Crime Act (POCA): 5 hours
Code of Ethics: 4 hours
Aspects of Jamaican Land Law: 3 hours
Map Interpretation: 3 hours

Start the Application Process Online


Anti-Money Laundering Fee Miscellaneous $ 5,500.00
Application to Register as a Dealer Application Fee $ 20,000.00
Dealers Dormancy Fees $ 10,000.00
LEVS Diploma or Degree Attachment Fees $ 15,000.00
Local Land Law Manual Items $ 1,500.00
Pocket-size Licence Miscellaneous $ 1,000.00
Pre-Licensing Course for Property Management RETI $ 145,000.00
Printout (per page) Miscellaneous $ 100.00
Re-doing of Licence Miscellaneous $ 5,000.00
Re-doing of Registration Certificate Miscellaneous $ 5,000.00
To Practice as a Dealer Licence Fees $ 40,000.00

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