Accepted Practices - Commercial

Under the Real Estate Brokerage Act, the OACIQ is responsible for overseeing brokers who work in the commercial sector. The Syndic of the OACIQ is mandated to document all accepted practices that apply to this important sector. The content of this section is therefore a vital reference tool for all brokers working in commercial real estate brokerage.

• Reduced compensation in the brokerage contract
• The lessee’s right to maintain occupancy
• Repossession of a dwelling: conditions must be met
• The real proof of commitment by the mortgage lender
• Giving a deposit with the promise to purchase can make all the difference
• Confirmation of voiding of initial promise to purchase
• Recommend only insured building inspectors
• Use of clause B2.3 to cancel a first promise to purchase conditional upon the sale of the buyer’s immovable
• Existing inspection report: What is the proper procedure for the real estate agent?
• Tax rates: Do your detailed description sheets contain the correct information?
• Mould contamination in homes used as growhouses
• Brokerage contract: Do you suffer from "exclusivity syndrome"?
• Disclosing a suicide: the obligation remains
• Special requirements on the part of the seller and obligation to present any promise to purchase as soon as possible
• Identifying inclusions and exclusions
• The role of intermediary
• The impact of email and fax on a real estate transaction
• Marijuana growhouses for sale A few precautions
• Preliminary contract, a must for homes sold by a builder or promoter
• Aging oil tanks
  Managing a deposit on a promise to lease in residential and commercial real estate
• Certain precautions necessary for a cash purchase
• Ethical obligations are the same for all
• Special conflict of interest situation with respect to incentives paid to agents
• Notice to the Land Register in case of land contamination
• Vermiculite insulation
• Survey protocol concerning pyrite swelling
• Obligations of real estate brokers and agents: High-risk areas for pyrite
• Contaminated lands: a new online register is available
• The Real Estate broker and the sale of company shares
• The Quebec Land Registry and Cadastre
• You must verify the accuracy of the information you provide
• Receipt of the deposit cheque: correctly reflecting reality
• Lessee compensation in case of repossession
• Refund of trust deposits
• What to do when a deposit is received by electronic funds transfer rather than by cheque