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.
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.
Many of you read the April 21 InfoLetter closely and called us for additional information on a few points you wished to clarify. To access the April 21 InfoLetter, click on the link below.
On June 23, 2008, amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act came into force, resulting in additional requirements for the real estate sector, a sector that was already subject to the legislative requirements under the Act since 2001.
In March 2001, the ACAIQ’s published an article entitled ''Saying NO to real estate fraud'' with a box story entitled ''Taking an immovable off the market: A real problem''. The Association must unfortunately reiterate these warnings, since it seems that falsely taking a property off the market remains a current topic.
The Association is issuing recommendations to real estate brokers and agents regarding the iron ochre issue.
With no opponents running for the position of Director in the Central region, outgoing candidate Daniel Pelchat was reelected by acclamation at the close of nominations on Friday, July 16, 2010 at 4:00 p.m.
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?
Data storage consists in recording data for future reuse. Storage must make the data available to the users authorized for its reuse.
DO YOUR CANDIDATES HAVE ANYTHING TO DECLARE REGARDING THEIR CRIMINAL, PENAL, DISCIPLINARY OR BANKRUPTCY RECORD?
If so, there may be consequences, including refusal to issue a broker’s licence. Better make your candidates aware of this in advance!
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.