Purchasing a new home is the largest investment most people will make in their lifetime, so selecting the right real estate agent is an essential part of the process. Whether you are looking to buy or sell a home, a qualified realtor in the Cayman Islands will be your unbiased advocate and guide you through the entire transaction. A real estate agent is especially helpful for first-time buyers and expats looking to navigate the home buying process in Cayman.
Fortunately, the Cayman Islands has the professional association C.I.R.E.B.A (Cayman Islands Real Estate Brokers Association) to ensure that brokerage firms and agents adhere to a Code of Ethics policy.
CIREBA also manage the Multiple Listing System (MLS) where you'll find the entire inventory of homes for sale in Cayman.
Real estate agent commissions in the Cayman Islands are set by CIREBA and are based on the gross listing price in the Purchase Agreement.
- $9,995,000 and over: 4%
- $995,000 to $9,994,999: 5%
- $495,000 to $994,999: 6%
- $95,000 to $494,999: 7%
- $94,999 or under: 10%