Licence Renewal

The OACIQ licence renewal period is underway.

To maintain your real estate brokerage licence for the period extending from May 1, 2024 to April 30, 2025, you must by Tuesday, April 30, 2024:

  • Carry out your mandatory information update
  • Pay the annual licence renewal fees via the (you may make your payment only after completing your information update)
  • Pay your subscription to InstanetFormsTM electronic forms If you carry out residential real estate transactions, you must subscribe to InstanetFormsTM electronic forms to access current versions of brokerage forms

 ACCESS THE ONLINE CHECKOUT

You do not plan to renew your licence? CLICK HERE to notify us.

NOTE: We recommend that you renew your licence as soon as possible to be able to get help if needed, and to avoid last-minute traffic on our systems.

The total cost for renewing your licence, including the InstanetFormsTM electronic forms subscription, FICI contribution and FARCIQ insurance premium is $1,973.56 (taxes included).

ATTENTION : Payment by credit card via the Online Checkout is the preferred method. However, payments by cheque or electronic transfer through your financial institution are also possible, as long as they are received by Tuesday, April 30, 2024. Also, you will need to proceed sufficiently in advance to meet the deadlines for receiving and processing the payment. These timelines can vary between 24 hours and 3 business days, depending on your financial institution. Please note that it is no longer possible to pay in person at our head office.

You will find the details of fees in your Notice in My record on synbad.com. In the days following your online payment, your receipt will be deposited at the same place.

Avoid consequences

Act now if you wish to continue practising real estate brokerage! The whole process only takes about 15 minutes.

If you fail to do so within the specified period, your licence will be suspended or revoked depending on the situation. This means that you will have to stop engaging in any brokerage activities after April 30.

Take a moment to read about all the consequences of a licence suspension or revocation in this article on synbad.com.

FARCIQ: Your new professional liability insurance policy 2024-2025

Your new professional liability insurance policy is now available in the Members area on farciq.com. Please download your insurance policy and read the Amendment Notice to learn about all the changes made to your policy. These two documents can be found under the "My insurance policy" tab. We also recommend that you visit the "Prevention Tools" section, which contains key tools for your practice to raise your awareness of the risks of professional liability claims.


Want to talk to us? Here are two ways to contact us :

  • Via the form on the Contact Us page. Select "Licence maintenance" in the drop-down menu "Subjects" and describe as clearly as possible why you are seeking assistance.
  • By telephone at 450-462-9800 (toll-free: 1-800-440-7170), making sure you select the licence maintenance option in the telephone menu.
Last updated on: March 15, 2024
Numéro d'article: 201904