You may have heard it said that it’s important to work with a real estate agent that is experienced, local, and well regarded in the industry. In the Cayman Islands, there’s another mark you can look for – membership in CIREBA, the Cayman Islands Real Estate Brokers Association.
Founded in 1987, the Cayman Islands Real Estate Brokers Association (better known as CIREBA), is a not-for-profit organization that provides a professional network for Cayman Islands real estate agents, establishes a code of ethics, provides training, and much more.
Here are some of the reasons that CIREBA makes an impact on Cayman Islands real estate, and why ultimately working with a real estate company in the Cayman Islands that is a member can make a difference in your experience.
How CIREBA Makes an Impact
Membership in CIREBA is sort of like a stamp of approval for real estate agencies in the Cayman Islands. Working with a CIREBA member guarantees a level of proficiency and professionalism, along with the following.
● Maintaining a code of ethics
Members of CIREBA are expected to adhere to CIREBA’s code of ethics, which guides member conduct and is designed to ensure a positive client experience. Members are expected to be fair in their dealings, honest, and professional with all clients.
Chief among the code is a member’s duty to remain faithful to promoting and protecting the interests of his or her principal, as well as to keep the relationship confidential. Nonetheless, members are also expected to be fair and honest with all parties involved in the transaction.
In addition, members are also expected to be well informed of standing laws in addition to proposed legislation.
● Providing training
CIREBA also provides regular training courses to its members, and rigorously examines and assesses its members. Members are expected not only to attend courses on current business practices, regulations, and other conditions surrounding the Cayman Islands real estate industry but to pass assessments as well. This is a requirement for all CIREBA members.
● Providing access to the MLS (Multiple Listing System)
Perhaps most importantly, membership in CIREBA grants access to the MLS, or Multiple Listing System.
The Multiple Listing System is like a database whereby all members of CIREBA can see all properties for sale by its members. If the agent is a member of CIREBA, he or she will be able to see all listings of Cayman properties across the islands – from George Town in Grand Cayman all the way out to Cayman Brac.
Access to the CIREBA MLS has great advantages for both real estate companies and their clients. It gives prospective buyers access to (potentially) hundreds of different listings and billions of dollars worth of properties and enables agents to provide a better experience to their clients.
In other words, the CIREBA MLS creates a highly visible directory of most if not all properties for sale to over 230 agents and their customers.
Crighton Properties: A Founding Member of CIREBA with Half a Century of Experience
If you’re looking for a real estate company in the Cayman Islands that is not only a member of CIREBA but has extensive local experience, Crighton Properties is one of your best bets.
In fact, Crighton Properties is not just a member of CIREBA – it is a founding member of CIREBA – and it has been helping connect clients with the Cayman Islands properties of their dreams since the 1970s.
They have a long history of excellence and are easy to reach. To start your search for a property in the Cayman Islands off on the right foot, visit their website, CrightonProperties.com, or get in touch with them at 345-949-5250.
