Real estate dealers in Jamaica now have a new option for how they work. They can either work alone as individuals or serve as directors in a real estate dealer company. They can even choose to “pause” their license if they’re not working actively.
This change came after the Real Estate Board (REB) decided to update its rules. Previously, if someone worked in a company, they had to put their personal dealer license on hold. Now, they can keep both roles active if they want.
At a meeting on June 22, the REB’s Board of Directors approved these changes. Phillip Chambers, the CEO of the REB, explained that the REB regularly reviews its policies to make sure they’re helping real estate agents and the public.
The REB also made another change: now, supervising dealers can work with up to four people, instead of just two. To do this, supervising dealers must complete a special training course to stay updated in their field.
In addition, the REB will offer a two-day Real Estate Dealers Course. The …
