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Requirements for Registration as a Real Estate Developer

 
Real Estate Developer

The Real Estate (Dealers and Developers) Act defines a developer as a person who carries on, whether in whole or in part, the business of development of land.  Development means the carrying out of building, engineering or, other operations in, on, over or under any land, or the making of any material changes in its use or in the use of any buildings or other land for the purpose of disposal of such land or any part thereof in a development scheme. 



Registration Requirements:

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

  • Application form

    NB: For a body corporate, the application form must be signed by two directors and the company's stamp/seal affixed.

  • Application & Development Fee

  • 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: $J3000


    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)

  • Evidence of ownership of land being developed (copy of registered title, Volume and Folio).

  • Evidence of approval of the development scheme, including originals and copies or certified copies of approved plans and letters of approval from the local planning authorities.

  • Evidence of scheme financing whether personal or through an authorized financial institution or both.



Note: Clients 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.

 

 

Start the Application Process Online


Anti-Money Laundering Fee Miscellaneous $ 5,500.00
Express Discharge (done within 7 Days) Discharge of Board's Charge $ 15,000.00
For each unit/lot of a development scheme Development Fee $ 6,000.00
Ordinary Discharge (done within 21 Working Days) Discharge of Board's Charge $ 10,000.00
Printout (per page) Miscellaneous $ 100.00
Schemes of 21 to 40 lots/units Renewal Fees (21 - 40 lots/units) $55,000.00 $ 55,000.00
Schemes of 21 to 40 lots/units Application Fee - (21-40 lots/units) $ 110,000.00
Schemes of 41 lots/units and over Application Fee - (41 & Over lots/units) $ 150,000.00
Schemes of 41 lots/units and over Renewal Fees (41 & over lots/units) $90,000.00 $ 90,000.00
Schemes of 6 to 20 lots/units Application Fee - (6-20 lots/units) $ 80,000.00
Schemes of 6 to 20 lots/units Renewal Fees (6 - 20 lots/units) $36,000.00 $ 36,000.00

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