Tag: CIREBA

Does CIREBA vet its members?

Does CIREBA vet its members?

| 16/10/2017 | 10 Comments
Does CIREBA run background checks on all its recognised agents, e.g. for any prior criminal records (particularly given the large sums of money they have access to)? Auntie’s answer: The Cayman Islands Real Estate Brokers Association (CIREBA) requires a prospective member to submit a police cleara [...]

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Unhappy with CIREBA’s commission rate

Unhappy with CIREBA’s commission rate

| 28/09/2017 | 21 Comments
In a recent case in the UK six real estate agents were fined £370,000 for colluding in fixing their commission rates at 1.5%. An article can be found about it here. This practice is against the law in the UK and many other countries. In Cayman the standard commission rate is set by CIREBA and for [...]

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Selling a property without CIREBA

Selling a property without CIREBA

| 14/12/2016 | 51 Comments
My condo on Grand Cayman is listed with CIREBA. Can any CIREBA agent sell it or just the agent I listed it with? Can non-CIREBA real estate companies sell my property or am I now obligated to go through CIREBA? Can I sell it without using an agent and if so, how? Auntie’s answer: I […] [...]

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