Forms and contracts
Before you buy or sell a property, why not take a little time to review the OACIQ’s mandatory and recommended forms used by your broker? They will give you a good idea of the main steps involved in a real estate transaction.
Please note that these forms are provided for illustration purposes only and cannot be used for an actual transaction.
Held in Boucherville on November 22 under the theme “Don’t be fooled” and hailed by Paul Girard, Associate Deputy Minister at the Ministry of Public Safety, in his opening address, the ACAIQ seminar on marijuana grow operations was a resounding success.
A discussion group of people who handle consumer complaints in British Columbia drew up a list of the most common, in order to get a better idea of what people’s main concerns are with regard to real estate transactions.
In a recent article, we announced that elections to the OACIQ Board of Directors would be held in the Montréal, Northeast and Québec City regions. We also indicated that you would be receiving the voting procedure in the form of an explanatory leaflet with instructions on how to vote electronically.
With the coming into force of the new Real Estate Brokerage Act on May 1, 2010, the ACAIQ changed its name to OACIQ, i.e. Organisme d’autoréglementation du courtage immobilier du Québec. But what exactly is the OACIQ?
There are companies out there that offer compensation advance services. In order to advance funds, they may require that real estate brokers or agents provide them with documents that are liable to contain personal information, including promise to purchase, mortgage approval and brokerage contract documents.
A real estate broker is the only person who can receive compensation under a brokerage contract. When a client refuses to pay the commission agreed to in the brokerage contract, only the broker is authorized to initiate civil proceedings against this client. As for the agent who carried out the transaction, he may only claim his compensation from his broker, and not from the client.
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.
If you are a member of the ACAIQ and you are not covered by your employer's or your spouse's employer's plan, you must enroll in the Association des courtiers et agents immobiliers du Québec plan.
When, where and how can a property owner contest municipal tax calculations?