Public articles
Bill 16: The OACIQ supports the efforts to regulate building inspection and divided co-ownership
The measures set out in Bill 16 are an excellent basis for discussion concerning building inspection and divided co-ownership. The OACIQ intends to actively participate in the enhancement of what is proposed in order to establish safer guidelines for the public.
Fraud Prevention Month: Once again the OACIQ undertakes to closely monitor illegal brokerage schemes
In this fraud prevention month, the OACIQ reiterates its commitment to closely monitor real estate fraudulent practices, especially illegal brokerage activities, and invites consumers to take some precautions.
How to compensate my residential real estate broker?
Whether you are looking to buy or sell a property, the real estate broker’s compensation can be negotiated–commission or percentage, lump sum, hourly rate. The OACIQ supervised broker must clearly explain to you what his contract with you implies.
The agency executive officer, a key resource to be more acquainted with
The agency executive officer is responsible for ensuring that the agency brokers meet their duties and obligations. If you experience a problem with your broker, you may call upon him.
Have your fireplaces, stoves and chimneys inspected!
When selling an immovable, whether you're a seller or buyer, you should not take for granted that the stove, fireplace or chimney of the immovable meets the current standards of both the insurer and the municipality. Hence the importance of an appropriate verification.
Contaminated soil, dry rot, radon, cannabis, etc.: How to protect yourself
During a real estate transaction, whether you're a seller or buyer, how can you be sure you are giving or getting a clear picture about the possibility that the property is located on a former landfill site or that it is affected by radon, pyrite, dry rot, etc.?
Natural disasters: Impacts on the Promise to purchase
Your property or the property you are considering to purchase has sustained damage following a natural disaster? Here are the answers to some questions you may ask.
Properties located on former landfill sites: clarifications by the OACIQ
Following a report on the program La Facture on September 18, 2018, the OACIQ would like to make the following clarifications.
Brokers suspended for sending false documents
Licence suspensions of up to one year and fines of up to $6,000 were imposed on brokers for participating in a scheme to obtain fraudulent financing for the purchase of properties.
Certain precautions are required for a cash purchase
Sometimes, the buyer of an immovable does not take out a mortgage loan, preferring to pay cash for his purchase.
The DS – Divided co-ownership form
Since July 1, 2018, future buyers or sellers of divided co-ownership properties have been even better protected with the form Declarations by the seller of the immovable - Divided co-ownership designed by the OACIQ specifically for this market.
Press Release - A new tool for an optimal real estate transaction
The OACIQ is pleased to announce the coming into force of the mandatory form Declarations by the seller of the immovable – Divided co-ownership for consumers dealing with a real estate broker.
The OACIQ puts its expertise behind Bill 401 regulating divided co-ownership and building inspection
The Organisme d’autoréglementation du courtage immobilier du Québec (OACIQ) welcomes the introduction of Bill 401, and more specifically the measures proposed to regulate building inspection and co-ownership, which we have been advocating for over ten years.
What are the duties of the seller’s broker when I request to visit the property?
When looking for a property, you have the right to be represented by the real estate broker of your choice. It is however in your interest to be informed of representation rules of brokerage licence holders.
Residential rent-to-own demystified
Getting financing can be challenging for a number of reasons; leasing an immovable with a view to buying it in the future can appear to the best solution.
Is it possible to cancel a real estate promise to purchase?
This is a common question asked by consumers who contact the information centre Info OACIQ.
Very low offer price: The obligations of brokers involved
When selling a property, it may happen that a buyer wishes to make a very low offer. Here are the duties of brokers involved in three common situations.
Uninsured mortgages are now also subjected to a rate stress test
As of January 1, 2018, borrowers who finance their residential homes without purchasing a mortgage insurance (as is often the case when the borrower gives a down payment of 20% or over) must also be subjected to a rate stress test by their mortgage lender.
L’OACIQ est clair : encadrer l’inspection en bâtiment est une avenue incontournable pour protéger le public
Depuis plus de dix ans, l’Organisme d’autoréglementation du courtage immobilier du Québec (OACIQ) estime qu’il est nécessaire que l’inspection en bâtiment soit encadrée par une autorité compétente afin que le public soit mieux protégé lors de ses transactions immobilières.
Dry rot: what you need to know
Serpula lacrymans – commonly known as dry rot and often referred to as a “building cancer” – is a destructive fungus that attacks timber in residential buildings, leading the wood to decompose and decay.
Page 10 of 15
