Real estate agents

(1) Without prejudice to section 109 of this Act, every person who deals in real estate business shall, in addition to the return required under that section, submit to the Commissioner a statement in respect of each transaction conducted by him or her, containing full details of such transaction, including the location and value of the property involved, by the 15th day of the month following the month in which the transaction was conducted. (2) Every person who contravenes the provisions of sub- section (1) of this section, commits an offence and shall be liable on summary conviction to a fine not exceeding five thousand dollars or to imprisonment for a term not exceeding one year, or to both such fine and imprisonment. (3) For the purposes of this section, “transaction” includes every transaction involving the purchase of sale of real estate, the lease or rental of such property, real estate management or 90 protection, and any other business customarily appurtenant to the business of a real estate agent.