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Real estate dealers operating in Jamaica are now required to submit weekly updated lists of salespersons working with their organisation.
Chief Executive Officer for the Real Estate Board, Phillip Chambers, says this will greatly improve the entity's payment confirmation and receipting process.
The list must show the people who have paid the requisite licensing fees, along with proof of the payments.
The Real Estate Board says the requirement will also result in faster turnaround times for the generation of licences, as the permit is produced only after payment is received and confirmed.
Licences expire at the end of the next financial year, on March 31, and practitioners must renew on or before this date to continue practising.
The Board provides for payment of licencing fees in two installments, with the first due on April 1 and the second on September 1.
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