Cap. 615 Art. 2Interpretation. Act No. XXXII of 2020.   Cap. 490.   S.L. 373.01. 2 [  Cap. 16.

In this Act, unless the context otherwise requires:

"Act" means the Real Estate Agents, Property Brokers and Property Consultants Act, 2020;

"Administrative Review Tribunal" means the

Administrative Review Tribunal established by article 5(1) of the Administrative Justice Act;

"authorisation" means an authorisation granted by the Board in terms of article 5(5);

"beneficial owner" means the same as the definition assigned to it under the Prevention of Money Laundering and

Funding of Terrorism Regulations;

*This Act has been repealed by Act XXVII of 2024. CAP.615. PROPERTY CONSULTANT

"Board" means the Licensing Board established under Part 5 of the Act;

"branch manager" means any natural person who is a holder of a licence and is employed or engaged to supervise any property consultant;

"land" means that it includes all immovable property as held in the Civil Code and which is not extra commercium;

"licence" means a licence issued by the Board to exercise the activity of a property broker, or real estate agent or to act as a branch manager or property consultant;

"licensee" means any holder of a licence issued by the Board exercising the activity of a real estate agent or a property broker or to act as a branch manager or a property consultant, depending on the type of licence conferred by the Board;

"Minister" means the Minister or the Parliamentary Secretary responsible for the property market;

"partnership" means participants in a business undertaking who are free to agree on the legal form which best suits their needs;

"property broker" means any natural person who has a licence to act as an intermediary in the process of negotiating and arranging transactions involving the acquiring or disposing of leasing of land in terms of this Act and does not employ and, or engages (whether under a contract of service or a contract for services) any branch managers and, or any property consultants;

"property consultant" means any natural person who has a licence to act as an intermediary in the process of negotiating and arranging transactions involving the acquiring or disposing or leasing of land in terms of this Act and is employed or engaged (whether under a contract of service or a contract for services) by an estate agent and who acts under the directions of the same or those of a branch manager;

"real estate agent" means any natural person who has a licence to act as an intermediary in the process of negotiating and arranging transactions involving the acquiring or disposing or leasing of land and employs and, or engages (whether under a contract of service or a contract for services) one or more branch managers and, or one or more property consultants;

"register" means the register of licences issued to exercise the activity of property brokers, real estate agents, branch managers and property consultants as provided in Part III of the Act.