The OACIQ Certification Department manages licence holder’s files. This Department issues, revokes, suspends a licence and lifts a licence suspension as well as updating brokers’ information.
Do you want to learn more about the whole process of certification of real estate and mortgage brokers? Check out this section and get the information you are looking for?
The OACIQ would like to inform candidates interested in taking one of the new examinations of the procedure to follow to do so.
Issuance of a real estate or mortgage agency licence, Issuance of a real estate or mortgage broker licence and other forms
A real estate or mortgage broker whose licence is suspended or revoked is no longer authorized to practice his profession or carry out brokerage transactions. He must cease any real estate or mortgage brokerage-related activity.
One of the OACIQ’s mandates is to conduct investigations and bring criminal charges, if any, against the non-licence holders who engage in acts that are reserved for brokers. In recent years, the assistance requests addressed to the OACIQ concerning illegal practice of real estate or mortgage brokerage have increased substantially.
In Quebec, any real estate brokerage transaction, for compensation and for others, must be carried out by a duly certified real estate broker or agent, i.e. one who holds a certificate to practice issued by the ACAIQ.
Before doing business with this type of company, it is important that real estate brokers and agents make sure they follow the rules regarding advertising, representations and the soliciting of clients.
From January to July 2004, Denis Talbot, a former real estate agent who had not renewed his certificate expired on December 31, 2003, performed various real estate brokerage acts by acting as intermediary in the sale of one of his friends’ property.