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NOTICE TO ALL DEVELOPERS
Effective April 1, 2010 all developers who commence development schemes without having registered with the Real Estate Board shall be liable to pay a penalty equivalent to the amount of such fees that the developer should have paid on registration.
The following Lists of Registered Dealer and Salesmen were removed from the Register of Real Estate Dealers and Salesmen on April 14, 2010:
| Green's Realty Company Limited |
DL-0213 |
| Salesmen |
Registration No. |
| *Borrows, Olga |
S-1045 |
| Dyer, Kurt |
S-0498 |
| Edwards, Carroll |
S-0411 |
| Edwards, Janice |
S-0134 |
| Edwards, Kevin |
S-0624 |
| Edwards, Marjorie |
S-0298 |
| Edwards, Maxine |
S-0978 |
| Elliott, George |
S-0734 |
| Feanny, Jennifer |
S-0829 |
| Ferguson, Hannabel |
S-0446 |
| Findlay, Errol |
S-0201 |
| Fitz-Henley, Jennifer |
S-0607 |
| Fletcher, Anita |
S-0656 |
| Garcia, Nadine |
S-0388 |
| Janniere, Carmen |
S-0272 |
| *Johnson, Lelia |
S-0935 |
| *Pinnock, Antoinette |
S-0448 |
| * Wallace, Shane |
S-1577 |
* Please note the names with the asterisks have been upgraded to Real Estate Dealers
Fees to be paid to the Commission of Strata Corporations |
Number of Strata Lots comprised in the Corporation
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Registration Fee
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2 - 5 |
$ 1,000.00 |
6 - 10 |
$ 3,000.00 |
11 - 15 |
$ 5,000.00 |
16 - 20 |
$ 8,000.00 |
21 - 25 |
$ 10,000.00 |
26 - 30 |
$ 13,000.00 |
31 - 35 |
$ 15,000.00 |
36 - 40 |
$ 18,000.00 |
41 - 45 |
$ 20,000.00 |
46 - 50 |
$ 23,000.00 |
51 - 60 |
$ 25,000.00 |
61 - 70 |
$ 30,000.00 |
71 - 80 |
$ 35,000.00 |
81 - 90 |
$ 40,000.00 |
91 - 100 |
$ 45,000.00 |
101 - 120 |
$ 50,000.00 |
121 - 140 |
$ 60,000.00 |
141 - 160 |
$ 70,000.00 |
161 - 180 |
$ 80,000.00 |
181 - 200 |
$ 90,000.00 |
201 - 250 |
$100,000.00 |
Over 250 |
$125,000.00 |
Annual registration fee of 0.4% of the unimproved value of the land, however, where this formula results in the fee attributable to a strata lot based on its unit entitlement amounting to more than twelve thousand dollars per annum, the percentage paid shall be reduced to 0.3% of the unimproved value of the land or such lower percentage so that the maximum fee attributable to a strata lot does not exceed $12,000 per annum. |
On lodging an appeal with the Tribunal |
$ 5,000.00 |
On filing of annual returns |
$ 1,000.00 |
On making an application for certificate for exercising of power of sale |
$ 5,000.00 |
On making an application for the resolution of dispute and a resulting order |
$ 4,000.00 |
Prime Minister
The Real Estate Board is offering facilities for rental; boardroom with seating capacity for fifteen (15) persons and seminar room with seating capacity for thirty (30) persons.
The rates are as follows:
- Boardroom – Ten Thousand Dollars ($10,000.00) per day 1/2 day - $6000.00, OR
- Two Thousand Dollars ($2,000.00) per hour (minimum time two hours);
- Seminar/lecture room - Fifteen Thousand Dollars ($15,000.00) per day (1/2 day - $8,500.00), OR
- Two Thousand Dollars ($2,000.00) per hour (minimum time two hours).
For further details please contact:
Mrs. Sonia Graham or Mrs. Ann-Marie Henry-Lewis
926-9748 – 9, 960-9287, 920-2950
Cell.: 391-9937 (Digicel); 312-8971 (LIME)
E-mail: sgraham@reb.gov.jm or ahenry@reb.gov.jm
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The mission of the Real Estate Board is to put in place systems that promote acceptable standards of professional and ethical conduct in the business of real estate and land development in order to protect the mutual interests of all persons involved in such dealings. |
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Regulate and control the practice of real estate business;
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Supervise the disposal of land in development schemes;
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Ensure that a high standard of professional conduct is maintained by persons in the industry, as well as by those seeking to enter; |
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Monitoring of Dealers, Salesmen and Developers to ensure that they comply with the requirements of the Real Estate (Dealers and Developers) Act and the Real Estate (Dealers and Developers) Regulations, promulgated under the Act. |
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