Cooperating Association Abbreviation:	AREBB
Country:	Belize
Region:	South America
Regional Coordinator:	This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Address Line 1:	#2A South Park Street
Address Line 2:	PO Box 1131
City, State, Zip:	Belize City, Belize
Country:	Belize
Phone Number:	501-223-5616
Fax Number:	501-223-5424
E-Mail:	This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Web Address:	http://www.arebb.com

Formed in January of 2006, AREBB was an institution long over due and quickly started addressing issues that were detrimental to the real estate industry in Belize. Chief among those issues was the Government of Belize's implementation of the GST (General Sales Tax) in June of 2006. Through aggressive lobbying, AREBB managed to reduce stamp duty (transfer tax) on property sales to 5% across the board for all purchasers, whereas before, stamp duty was 15% of selling price for non-Belizeans. Government went further and offered to charge stamp duty only on purchases above $20,000 BZD or on the portion of selling price above that amount.

AREBB is now actively engaged with the Government of Belize in formulating the legal frame work for operating as real estate brokers and salespeople in Belize. This legislation is known as the Real Estate Bill currently in the process of becoming the Real Estate Act.