Duties and Obligations of the Broker
The practice of real estate and mortgage brokerage is regulated in order to ensure that members of the public are protected when engaging in a real estate transaction through a broker’s intermediary. The rules and conditions of practice governing the profession are set out in the Real Estate Brokerage Act, the Regulations thereunder and the Rules of Professional Ethics. Read this section to learn more about the duties and obligations of your broker.
More and more owners are willing to sign a brokerage contract, but require putting their property on the market and eventually selling it by themselves. Be aware that a “Brokerage contract – Sale” can be amended to allow the client to sell his property by himself without affecting the exclusive nature of the contract.
The OACIQ has recently announced that as of December 1, 2012, the following forms must be used to conclude the lease of a dwelling: New forms for residential lease