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.
 

New forms of real estate brokerage

Usable from July 1, 2012

The new forms will come into force soon! Starting July 1, 2012, they must be used for any brokerage contract or any transaction proposal signed from that date.

Here are the versions of the forms for consultation only. These versions are intended to prepare brokers for the use of official forms and to enable the public to have a look at them. However, note that they cannot be used for a transaction.

Marijuana Grow-Ops Seminar: like being there

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.

The most common consumer complaints

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.

Election of OACIQ Directors To Be Conducted Electronically Only

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.

The OACIQ: a useful resource for brokers

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?

Communication of personal information to companies offering compensation advances

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.

Assignment of debt from a broker to his agent

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 suspended or revoked licence bars the holder from practicing

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.

Important notice regarding the Drug Insurance Plan

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.