Public articles
Divided or undivided co-ownership: Do you know the difference?
Martyne would like to purchase her first co-ownership property. Her friend Katia asks her if the property is held in divided or undivided co-ownership. Martyne does not know the answer and wonders what the difference might be.
Your broker’s network: valuable resources for your real estate transaction
Doing business with a real estate broker also means having access to a vast network of qualified professionals who will play a key role in ensuring that your real estate transactions goes off without a hitch..
Capsule of Info OACIQ - The buyer’s broker and his representation duty
When a buyer asks you to act as intermediary for the purchase of a property, your work is to protect him and act in his best interests throughout the transaction.
Capsule of Info OACIQ - Be mindful of solicitation rules
As a business person, you sometimes engage in solicitation as part of your brokerage activities in order to find new clients.
By-law to protect drinking water sources in Québec
To protect drinking water sources, the City of Québec adopted a by-law which imposes additional restrictions, especially on new structures located in the watersheds of water intakes of Québec City installed in Saint-Charles and Montmorency rivers.
The 180-day clause - Questions and answers
This column presents situations that come from actual cases referred to the OACIQ Info Center, as well as concrete examples of things one should and should not do.
Property located close to a body of water: Consult the Land Register
Your client wants to sell a property located close to a body of water? Don’t rely on municipal assessment notices or old certificates of location to establish the area of the lot for sale because these documents do not take into account the changes occurred after their creation.
The obligation to verify
On May 4, 2016, the Court of Québec rendered a decision regarding brokers’ liability as part of a contract to lease an immovable.
Tips for a successful open house
An open house will soon be held in the property you wish to sell? Your broker will help you before and during the event.
Capsule of Info OACIQ - Reminder of representation rules
Some brokers are regularly calling the information centre stating that they “represent both parties to the transaction” and wish to better understand the representation rules.
Capsule of Info OACIQ - Landfills and old quarries: A declaration that should not be overlooked
The City of Montréal has published on its website information concerning the approximate location of landfills and old quarries on its territory. Since this is a factor that may affect the value of an immovable, the OACIQ would like to remind brokers of their duty to verify and disclose.
Changing agencies successfully
This column presents situations that come from actual cases referred to the OACIQ Info Center, as well as concrete examples of things one should and should not do.
Share your expertise with your clients!
One of the goals of the Continuing Education Program is to enhance the credibility of the profession and strengthen your skills in your clients’ eyes. To do this, we suggest that you use your record of the Register of licence holders, available on the oaciq.com website to showcase your professional development.
Five things your broker must do or say
Doing business with a Québec real estate broker is to be assured that your transaction is protected.
How to proceed when a legal person is not yet incorporated, or in the absence of the full name?
Normally, the broker must indicate in the Promise to purchase (PP) the name of the real buyer and the name of the mandatary representing him, if any. In the latter case, he must get the written power of attorney authorizing the mandatary to act, and check the powers granted to him.
How to change your photo in the Register
The photo on your licence constitutes your professional image with anyone who consults your record in the Register of licence holders. It is therefore essential that it be up to date and meet various criteria.
A new tool for disseminating and selling an immovable
Since January 1, 2016, with the coming into force of the new Code of Civil Procedure, following the exercise of a hypothecary right by a lender, any notice concerning the sale under judicial authority of a property must be published in the Sales Register.
The deposit on a promise to lease in residential and commercial real estate
Although leasing is no longer an act reserved for real estate brokers, the fact remains that any real estate brokerage licensee – whether the licence is issued in Quebec or another jurisdiction – who carries out real estate leasing brokerage transactions in Quebec is subject to all the obligations arising from the Real Estate Brokerage Act. Therefore, by dealing with a broker for this type of transaction, the lessee or the lessor benefit from protection mechanisms provided by the Act.
Solicitation and compliance with the exclusive brokerage contract: Important rules
The OACIQ would like to remind you that the exclusivity of a brokerage contract must be respected by other agencies and brokers throughout the term of a contract, even when its expiry date approaches.
Capsule of Info OACIQ - Clause 11.1 of the promise to purchase: A strict deadline?
The promise to purchase does not automatically become null and void as a result of the non-compliance with the date specified under clause 11.1, because that date is not a strict deadline.
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