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.
– PROFESSIONAL PRACTICES SERIES –
Under the Real Estate Brokerage Act, a seller (natural person) may, at his own discretion, cancel a brokerage contract concerning a residential immovable within three days following the day on which he receives a duplicate of the contract signed by both parties.
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.