The Jamaican Real Estate Board takes several measures to uphold the standards of professionalism among Dealers and Salesmen in the real estate industry. These measures include:
Register Maintenance: The Real Estate Board maintains a comprehensive Register of Dealers and Salesmen. Individuals seeking registration must meet specific academic requirements and demonstrate that they meet the fit and proper criteria established by the Act.
Licensing Process: Registered Dealers and Salesmen who wish to practice real estate business are issued annual licenses by the Real Estate Board. This licensing process involves the payment of prescribed fees to the Board, ensuring that only qualified individuals are authorized to operate in the industry.
Office Inspections: Board inspectors conduct regular visits to the offices of Dealers to ensure compliance with regulatory standards. These inspections focus on verifying the maintenance of proper records, including clients’ accounts, to uphold transparency…
