Open a sessionTraining and career in real estate
To access the real estate or mortgage broker’s exciting career, what training should be taken? Discover the requirements to practice real estate and mortgage brokerage and learn more about recognized mandatory basic training programs. By checking this section, you will also know what tools are available to you to practice the profession according to generally accepted practices.
Return of the mandatory basic training: Important information for candidates
In an effort to enhance brokers’ skills and address the concerns of real estate professionals, any candidate wishing to take the OACIQ certification exam as of September 1, 2013 must have previously taken and passed a basic training program recognized by the OACIQ.
Conditions of access to the profession
The competency frameworks are guides to help future brokers understand what competencies must be developed and mastered in order to act ethically and responsibly in their brokerage practice.
Educational institutions and training programs recognized by the OACIQ
The OACIQ provides the public and licence holders with the name of various educational institutions offering training programs in real estate brokerage.
The seller remains free to refuse a promise to purchase even if it meets all the conditions in the brokerage contract
In 2010, the Court of Appeal, the highest court in Québec, handed down a major decision for real estate brokerage in a case where the Association des courtiers et agents immobiliers du Québec (ACAIQ) – now the Organisme d’autoréglementation du courtage immobilier du Québec (OACIQ) – appeared, first in the trial court, and later in the Court of Appeal, to argue its position.
Existing inspection report: What is the proper procedure for the real estate agent?
Good professional practices dictate, among other things, that an agent should discover and disclose any unfavourable factor related to an immovable in order to inform the buyer. To do so, he must question the seller and inform him of his obligations.
The impact of email and fax on a real estate transaction
Procedure when concluding a brokerage contract or promise to purchase by fax.
The buyer’s broker's right to take part in the presentation of a promise to purchase
The OACIQ noticed that some brokers refuse to grant their colleagues the right to take part in the presentation of promises to purchase, arguing that the seller has given them written instructions to this effect. They base themselves mainly on section 100 of the Regulation respecting brokerage requirements, professional conduct of brokers and advertising, which states that::
Promise to purchase and financing of an immovable – The importance of the section relating to new hypothecary loan
Financing can make or break a real estate transaction. Therefore, in order to properly advise his clients, it is important that a real estate broker fully understand the obligations relating to new hypothecary loan. These obligations can be found under section 6 of various mandatory Promises to purchase forms of the OACIQ, namely:
The use of mandatory forms in estate settlement
Whether you are the listing agent or a collaborating agent, your professional services may be required in the settlement of an estate. What happens with the use of mandatory forms in such a case?
Mould contamination in homes used as growhouses
Apart from the risk of explosion due to solvents used in making marijuana oil, or fires caused by electrical malfunctions, a high rate of humidity maintained over long periods is the main cause of damage to a building. High humidity rates cause building materials to rot and moulds to proliferate.
Can a promise to purchase be withdrawn?
Take a typical scenario: a broker has a promise to purchase in hand and is preparing to present it to the seller. The phone rings: the buyer informs him that he no longer wants to buy the immovable or present the promise to purchase. What should the broker do?
Clause 10.5 of the promise to purchase... to ward off unpleasant surprises
Should the buyer or the seller be notified, before the signing of the deed of sale, of any defect or irregularity whatsoever affecting the declarations and obligations of the seller, the buyer has a recourse provided under clause 10.5 of the Promise to purchase form.
The confidentiality of promises to purchase
Nicole went ahead as usual. As soon as she knew that two buyers wanted to submit promises to purchase, she notified her selling client and agreed with him on a meeting with the two other brokers. They wanted to present their respective clients' promises to purchase themselves, as was their right.
