Jamaica's real estate market is active — from Kingston apartments to North Coast villas, land sales to commercial properties. Commission on a single $50 million property sale can be $2.5 million. Real estate offers high-income potential for relationship-builders.
💡 Income Potential: Standard commission is 5% on sales. One $30M house sale = $1.5M commission. Top agents close 10-20+ deals per year.
Step 1: Get Licensed
- Real Estate Board of Jamaica: Register as a salesman first, then broker after experience
- Requirements: Be 18+, good character, complete approved training course
- Training: Real estate courses available at various institutions
- Annual renewal: Pay fees and maintain registration
Step 2: Choose Your Niche
- Residential sales: Houses, apartments, townhouses
- Land sales: Lots, agricultural land, development land
- Commercial: Office space, retail, industrial
- Rentals/property management: Monthly recurring income
- Diaspora market: Jamaicans abroad buying property — huge market
Step 3: Commission Structure
| Transaction Type | Typical Commission |
|---|---|
| Property sales | 5% of sale price (split buyer/seller agents) |
| Land sales | 5-10% depending on value |
| Rentals | 1 month rent (or 50% of first month) |
| Property management | 10-15% of monthly rent ongoing |
Step 4: Build Your Business
- Listings: Build relationships with property owners, developers
- Online presence: Website with property listings, SEO for "house for sale Jamaica"
- Social media: Post property tours on Instagram, YouTube
- Network: Join REAJ, attend property events
- Diaspora marketing: Target Jamaicans in US, UK, Canada
Step 5: Startup Costs
| Item | Cost (JMD) |
|---|---|
| Real Estate Board registration | $25,000 - 50,000 |
| Training course | $50,000 - 150,000 |
| Website with listings | $75,000 - 200,000 |
| Marketing budget (initial) | $50,000 - 200,000 |
| Professional photos/videos | $30,000 - 100,000 |
| TOTAL | $230,000 - 700,000 |
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