Accepted Practices - Residential

Under the Real Estate Brokerage Act, the OACIQ is responsible for overseeing brokers who work in the residential sector. The Syndic of the OACIQ is mandated to document all accepted practices that apply to this important sector. The content of this section is therefore a vital reference tool for all brokers working in residential real estate brokerage.

Brokerage contract

• Tax rates: Do your detailed description sheets contain the correct information?
• Mechanisms in case of ceasing of activities by a broker acting for his or her own account or for an agency, and in case of ceasing of activities by an agency
• About the brokerage contract expiry date
• Which copy goes to whom when signing a contract?
• Communication of personal information to companies offering compensation advances
• Mould contamination in homes used as growhouses
• Reduced compensation in the brokerage contract
• Clear up any confusion during open house visits by potential buyers
• Disclosing a suicide: the obligation remains
• Lake access rights Are you ''really'' sure?
• Discrepancies between architectural and cadastral plans
• Special requirements on the part of the seller and obligation to present any promise to purchase as soon as possible
• Existing inspection report: What is the proper procedure for the real estate agent?
• Identifying inclusions and exclusions
• Listing on the MLS or a similar service must be done ''without delay''
• The use of mandatory forms in estate settlement
• The length of a brokerage contract
• The legal warranty of quality
• The lessee’s right to maintain occupancy and the repossession of a dwelling by the owner
• The real estate broker or agent who works for a builder or developer
• The impact of email and fax on a real estate transaction
• House for Sale by Owner
• Marijuana growhouses for sale A few precautions
• Preliminary contract, a must for homes sold by a builder or promoter
• Who completes the form ''Declarations by the Seller of the Immovable''?
• Aging oil tanks
• Cancellation of the contract
• A new and improved version of the form ''Request for information relating to a hypothecary loan''
• Leasing: Managing a deposit on a promise to lease in residential and commercial real estate
• Listing of a mobile home by a real estate broker • Movable or immovable?
• Pyrite Clause and Percentage: Ban It !