In case of bankruptcy or conviction, informing the OACIQ is essential

Keeping your record up-to-date is not only very useful for the Organization, but is a professional obligation set out in the Real Estate Brokerage Act to protect the public.

Under sections 10 and 11 of the Regulation respecting the issue of broker’s and agency licences, you are required to inform the OACIQ immediately of any change in information required by the Act or this Regulation, which includes, in addition to your basic contact details, the following situations: bankruptcy or conviction of an ethical, criminal or penal offence.

For this purpose, here's the procedure to follow: go to My record in synbad.com and then click Declarations under the Personal Information section and answer the questions.

Depending on the situation, the Organization may require you to provide other information or documents. Where appropriate, this request will indicate the time frame you have to provide the required information.

What to report

You don't know if a situation is worth mentioning? It's better to report more things than less. In fact, reporting an offence or bankruptcy does not necessarily have an impact on a broker's record, whereas the fact of not reporting may result in consequences.

The offence or bankruptcy dates back a few years? You still have to report it.

Finally, you must always provide the information or documents requested. Failing to do so, the Organization may suspend your licence until such time as they are provided.

When to report

Once you have identified a situation to report, don't wait! Any change to your record must be immediately communicated to the OACIQ, without waiting for the annual information update period.

If you have any questions, please contact the Certification Department at 450-462-9800 or 1-800-440-7170, or email us at certification@oaciq.com.