Search results
Result Title
Buying from a seller who is not represented by a broker
http://www.oaciq.com/uploads/ckeditor/attachments/358/declarations-seller.pdf" target="_blank">Declarations by the seller of the immovable form...
In the Declarations by the seller of the immovable form, the seller must record everything he knows about his property in good...Should the seller refuse to complete the Declarations by the seller of the immovable form before getting the promise to purchase, a condition
Is it possible to cancel a real estate promise to purchase?
href="https://www.oaciq.com/en/pages/info-oaciq">Info OACIQ handles more than 58,000 inquiries from the public and brokers regarding real estate brokerage...p>
A Promise to purchase, a firm commitment
A Promise to purchase is a form created by the OACIQ in which a buyer who enlisted the services of a real estate broker informs the seller of his firm intention to purchase
Ten actions taken by the OACIQ for public trust
">Real Estate Brokerage Act that governs its activities..../www.oaciq.com/en#trouver-courtier">Register of licence holders;
Updated mandatory
Regulatory amendments in residential and commercial real estate brokerage
contract - sale form....As a result, the authority to regulate the format, terms or conditions of use, mandatory or prohibited statements in brokerage forms was repealed....and forms was repealed.
What you need to know before buying a co-ownership property
’s professional duties and ethical obligations under the Real Estate Brokerage...of the Real Estate Brokerage Act, the OACIQ has custom-designed a number of forms suited to most situations....
Although the use of this form is not mandatory, it is strongly recommended.
Intergenerational homes: The protections offered by the Real Estate Brokerage Act
, the professionals authorized by the OACIQ are required to respect certain obligations set out in the Real Estate Brokerage Act....>He must also inquire about the state of the immovable with the seller and complete with him the Declarations by the seller of the immovable form...In this form, the seller must declare everything he knows about his property in good faith and to the best of his knowledge.
Sale of an undivided co-ownership property: Attention to the right of the other co-owners
In addition, you will be protected by the Real Estate Brokerage Act....In order to minimize the risks, he will ensure to obtain a waiver of this right from the other co-owners as soon as the brokerage contract is taken up....
Forms to better protect you
To protect you, the OACIQ created forms for these situations that must be used by brokers
Latent defect is a very unpleasant surprise for both the buyer and the seller!
, developed by the OACIQ under the Real Estate Brokerage Act, before putting the property up for sale....
The seller must complete the form in good faith and to the best of his knowledge....
Broker’s obligations
From the signing of the brokerage contract to the signing of the deed of sale, the broker has a duty
Certification examinations: Changes underway
Digital commercial real estate brokerage exam
Starting fall 2023, students who will be taking the commercial...real estate brokerage exam for the first time will have to complete it digitally....
How it works:
To register for the digital commercial real estate brokerage exam, follow the procedure in
The Declarations by the seller form, for a transparent transaction
This form is a kind of a report card on a property and contains details on its construction and current condition....It is part of the broker's brokerage contract and must be given to any interested buyer and to the buyer's building inspector...." target="_blank">How to use the mandatory form Declarations by the seller of the immovable
The real estate broker’s right to compensation after the expiry of the brokerage contract
Indeed, clause 7.1.3. of different exclusive brokerage contract forms developed by the OACIQ provides that, even after the end date or termination...For example, in the form Exclusive brokerage contract – Sale – Chiefly residential immovable containing less than five dwellings excluding co-ownership...">Termination of a brokerage contract
Identifying and reporting illegal brokerage
Identifying and reporting illegal brokerage
Do you know what does “illegal practice” mean?...
Money laundering reporting form
If you believe you have witnessed an attempt of money laundering or recycling of...com=Xela17fFtoyUttmpq%2fPRo5yhZbS%2b0ysublTHL9XHDI4%3d">form so you can report it to us.
Co-ownership special assessments: Duty to verify and inform
client discloses the existence of such special assessments, you must indicate them by checking the appropriate box in clause 8.2 of the Exclusive brokerage...contract - Divided co-ownership form....Send the form to the buyer and keep proof of transmission.
Adverse factors
This form is a mandatory annex that is part and parcel of brokerage contracts....The licensee must complete the form jointly with the owner and have him sign it when signing the mandatory exclusive or non-exclusive brokerage contract...to the same thing), the licensee simply cannot enter into a brokerage contract with this client.
Opening of the nomination period
One (1) licence holder working primarily in commercial brokerage....commercial brokerage field for the commercial real estate broker position....For any questions about these forms, please contact Ms.
Importance of an up-to-date certificate of location
As required by the real estate brokerage forms, the seller must provide his broker with a certificate of location describing the current state...
If your certificate of location dates back more than ten years, your broker will inform you, once the brokerage contract is signed, of the need...
Fees
As mentioned in the real estate brokerage forms, the obligation to provide a certificate of location describing the current
Real estate agency licence
In case of a legal person, its shareholder or administrator is not required to hold a real estate brokerage licence....It also serves to confirm that the agency’s brokers and executive officer did not engage in brokerage transactions during the suspension period....It also serves to confirm that the agency’s brokers and executive officer did not engage in brokerage transaction during the suspension period.
The deposit on a promise to lease in residential and commercial real estate
It is important to comply with the deposit clause included on the mandatory Promise to lease – Residential form....This clause is similar to the one found on the mandatory Promise to purchase form....
All real estate brokerage contracts, in whichever form, must clearly specify the way in which the agency or the broker acting on his own account
The legal warranty of ownership and quality
If the warranty of quality waiver is required by the seller from the very beginning, words to that effect must be included both in the brokerage contract...as the appropriate Brokerage contract – Sale form....">Declarations by the Seller of the immovable – Divided co-ownership form, if applicable).
Natural disasters: Impacts on the Promise to purchase
">Declarations by the seller of the immovable form accordingly and will contact the buyer to find out if he still wants to buy....nbsp;
By dealing with a broker in a real estate transaction, you are protected by the Real Estate Brokerage...
To conclude, as a regulator of real estate brokerage, the OACIQ’s mission is to protect the public, particularly by ensuring that brokers
Ceasing of activities by a broker acting on behalf on a real estate agency
responsible for sending the change of agency notices to each client bound by a brokerage contract....>
Once these steps have been completed, the broker leaving the agency must notify the Certification Department by completing and forwarding the form...
For a change of agency: use the form
Dry rot: what you need to know
The real estate broker's duties
To protect the interests of all parties to the transaction, the real estate brokerage professional...allow the broker to disclose this fact, the broker must refuse to list or to continue to list the property, and must purely and simply terminate the brokerage...The broker must also send this form to the buyer’s mortgage lender.
Application for an agency licence
This form must be submitted with your licence application..../attachments/3310/form-ethical-conviction.pdf.pdf">Form to be completed in case of conviction • Ethical offenceForm to be completed in case of bankruptcy
Procedures and conditions - Digital examination
Procedures and conditions for taking the OACIQ digital commercial real estate brokerage examination
You must successfully complete a basic...
Step 1 – Apply for an OACIQ digital commercial real estate brokerage exam
After consulting the Examination Forms page.
New OACIQ promise to purchase forms in effect as of June 22, 2021
OACIQ Promise to purchase forms in effect since June 22, 2021
As part of the measures implemented to address the issues raised by the overheated...housing market, the Ministry of Finance and the OACIQ have agreed to amend the promise to purchase forms to reinforce the messages pertaining to the risks...standards
submits a written report to the party that requested the inspection services
(Section 81 of the Regulation respecting brokerage
Result Title
Page 2 of 12