Published on: October 25, 2016
Reference number: 200006

History

Although created officially in 2010, the OACIQ has a rich history that began in the 1950’s. The following timeline provides an overview of the various milestones and events that marked its current mission.

1954

The Corporation des courtiers en immeubles de la province de Québec is created on January 13, 1954

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Content 1954
Content 1962

1962

The first Real Estate Brokerage Act is adopted.

1967

The Real Estate Brokerage Act is amended to create the Service de courtage immobilier, a government agency responsible for regulating and issuing permits. The Corporation des courtiers en immeubles collaborates with the Service.

Content 1967
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1972

The Corporation des courtiers en immeubles is succeeded by the non-profit Quebec Real Estate Association (QREA). Although this professional association does not have any powers under the Real Estate Brokerage Act, it sets standards for professional conduct and training.

1973

The Québec government adopts a Professional Code to ensure the protection of the public while allowing professional corporations to remain autonomous (e.g. Collège des médecins, Chambre des notaires, Barreau du Québec).

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1983

Although not a professional corporation, the QREA develops its ability to self-manage and to differentiate between "protecting the public" and "defending the rights of its members".

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1985

The Real Estate Indemnity Fund (FICI) is created under the Real Estate Brokerage Act.

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Content 1985
Content 1988

1988

The number of QREA members reaches over 13,000, from 4,000 in 1974. This growth gives the profession the resources it needs to reach its objectives.

1994

A new Real Estate Brokerage Act comes into force, creating the Association des courtiers et agents immobiliers du Québec (ACAIQ), which replaces the QREA.

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Content 1994
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2006

The Fonds d’assurance responsabilité professionnelle du courtage immobilier du Québec (FARCIQ) begins operations for all Québec real estate brokers and agents.

2007

To better respond to changing needs, a draft revision of Real Estate Brokerage Act is tabled in December.

Content 2007
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2008

The new version of the Real Estate Brokerage Act is approved and adopted by the National Assembly in May.

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2010

The new Real Estate Brokerage Act comes into force on May 1, 2010, and the ACAIQ becomes the OACIQ.

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Content 2010
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2011

In March, the OACIQ tables its first Annual Report.

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2012

In February, many of the profession’s stakeholders meet for a one-day event called the “Real Estate Summit”.

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Content 2012