In Jamaica, people working in real estate can operate in three main ways: as an individual, a firm, or a company. Here’s what each one means:
Individual: This is just one person working alone. Imagine someone like a teacher who works by themselves—they are their own “business” in real estate and don’t have partners or employees.
Firm: A firm is a small group of people who work together under one name, like a team. Think of a group project at school where each person has a role, but they all share one team name.
Company: A company is a bigger, more official group with its own legal identity. It’s like having a club that follows strict rules and is recognized by the law as its own thing, separate from the people running it.
Jamaican law allows real estate dealers to be any of these types—individuals, firms, or companies—so different kinds of businesses can get involved in buying, selling, and leasing properties. This flexibility helps the real estate market grow and adapt by letting people choose the setup that works best for them.