This Act establishes the Real Estate Board and provides rules for the registration and operation of real estate dealers, real estate salesmen and real estate developers. It also provides for certain matters regarding development schemes and for inspection by real estate inspectors. Engaging in real estate business for purposes of this Act includes lease of land and the management of land. The functions of the Board shall be to regulate and control the practice of real estate business, the disposition of land in development schemes and the operation of such schemes.
Implemented by: Real Estate (Dealers and Developers) Regulations. (2005)
Implemented by: Real Estate (Dealers and Developers) (Code of Ethics) Regulations, 1998. (2000)
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The island - discovered by Christopher COLUMBUS in 1494 - was settled by the Spanish early in the 16th century. The native Taino, who had inhabited Jamaica for centuries, were gradually exterminated and replaced by African slaves. England seized the island in 1655 and established a plantation economy based on sugar, cocoa, and coffee. The abolition of slavery in 1834 freed a quarter million slaves, many of whom became small farmers. Jamaica gradually increased its independence from Britain. In 1958 it joined other British Caribbean colonies in forming the Federation of the West Indies.