Public articles
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.
Quick Reference Guide on the Amendments to the Real Estate Brokerage Act
Here are the key amendments to the REBA made by Bill 141 and the dates to remember.
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.
Receipt of a promise to purchase that is not drafted on an OACIQ form: Broker's obligations
The seller’s broker must present his client with all transaction proposals he receives, including those draftedon a document that is not an OACIQ form.
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.
Request for assistance: Involvement of agency executive officers
Many assistance requests that are forwarded to the Public Assistance Department could be settled by a simple intervention of agency executive officers. We therefore encourage you to play your supervisory role with your brokers and assist them.
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.
Mandatory forms for any transaction with the Public Curator
Since April 3, 2018, the following forms have been available electronically via the InstanetFormsTM tool and must be used for any transaction concerning properties administered by the Public Curator.
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.
Septic tanks: Reminders
Do you know what to do if your client’s immovable is not connected to the municipal sewer system? What do you know about septic systems?
Attention to acts reserved for other professionals!
Being a licence holder involves several tasks and responsibilities. However, certain acts are reserved for other professionals.
Guidelines for teamwork
More and more brokers are joining forces to offer their services under the “Team” formula.
How to prevent radon from affecting your real estate transaction
Radon can build up in a home. Here’s how to prevent radon problems before a transaction.
Instructions for buying from a builder or developer
Buying a new or off-plan home or condo is a major real estate transaction. It’s better to know what you're getting into!
A report card on a property
The Real Estate Brokerage Act provides for a range of tools to protect your interests. The Declarations by the seller of the immovable form is one of them.
Decisions made by the Discipline Committee
The Discipline Committee is a body that is independent from the Organization. It hears complaints referred by the Syndic pertaining to violations to the Real Estate Brokerage Act and its regulations committed by brokers or agencies, and imposes penalties on those found guilty.
Receipt of several promises to purchase?
Your property is for sale? It’s quite possible that you receive several promises to purchase. Here is how the Real Estate Brokerage Act oversees the practices of professionals authorized by the OACIQ in this context.
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