Public articles
The OACIQ takes action to increase real estate literacy
The OACIQ will hold an event at the National Assembly to discuss with elected officials the need to democratize and popularize real estate transactions with the general public.
Buyer’s Guide and Seller’s Guide
The OACIQ offers you two new tools to better understand the many steps of a real estate transaction.
The broker’s obligations with respect to sellers’ specific requirements
Some brokers are including special requirements, such as very short time slots for visits or presentation of a Promise to purchase or mortgage prequalification prior to a visit to one of their listings.
High-risk areas for pyrite: Broker responsibilities
Pyrite issues have been identified in cities of the Greater Montreal area. The OACIQ urges real estate brokers to inform their clients of the problems related to pyrite and to recommend the specific actions described below.
Property off the market, termination of contract: Concepts not to be confused
If the seller may no longer wish to sell his immovable during the term of an irrevocable brokerage contract, your broker may, after agreement, put an end to the contract (termination). If there is no agreement, he must take the property off the market.
Broker’s duty to disclose: An added protection
The real estate broker has the obligation to inform the parties engaged in a transaction of any known factor that may adversely affect buyers or sellers or the very object of transaction.
Electronic document management (EDM) of agencies and brokers acting on their own account
If your records and documents are kept in your computer or on a server, or if you have specific software in your establishment to manage your transaction records and administrative records, you have what is called an electronic document management (EDM) system.
OACIQ Ombudsman
Any member of the public who believes he or she has been the victim of inappropriate treatment or decision by the OACIQ may contact the Ombudsman when all other remedies have been exhausted.
Novoclimat building: A certification to check
The NOVOCLIMAT certification is very popular with buyers. However, a verification is required before adding it to the listing or description of a new home for sale.
Signing a brokerage contract to sell, purchase or lease an immovable
When the owner of a residential immovable chooses to sell through a real estate broker, he must sign a brokerage contract. The same applies to the buyer if the broker wishes to ask him for compensation and to the lessor concerning lease matters.
Brokerage contract: The right to change one's mind
Signing a brokerage contract is an act that should be taken seriously. This is why you may, under certain conditions, terminate any contract signed between you and a real estate broker to sell, buy, lease or exchange a residential property. This is called the right to cancel.
Ten actions taken by the OACIQ for public trust
The OACIQ publishes Trust in action – Highlights 2018 which presents the various actions taken by the Organization over the past year to fulfill the important mission entrusted to it by the Government of Quebec–to protect consumers.
The emerald ash borer, a small beetle that wreaks havoc
The emerald ash borer is a formidable insect that attacks ash trees. As a broker, you are not an expert in this field, but you are required to be proactive to ensure a smooth transaction.
Homes used to grow cannabis: Permanent stigmas
The OACIQ Discipline Committee suspended the licence of two real estate brokers involved in the sale of a property that may have been used to grow cannabis.
Is it sufficient to send a certified copy of the declaration of co-ownership to the notary?
The wording of clauses 9.1 of the Promise to purchase – Divided co-ownership (PPD) form and 10.3 of the Promise to purchase – Undivided co-ownership (PPU) answers this question.
Guidelines on transactions involving cryptocurrencies: A call to caution
What would you do if the parties told you they wish to use a cryptocurrency for their real estate transaction? Would you know what they are talking about? Could you advise them on this?
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.
Page 11 of 25
