Request for assistance
Whether you are a consumer or a licence holder, if you suspect an offence has been committed, you may ask for help from the OACIQ Assistance Service, who will analyze the case and determine how to proceed.
You will find in this section the form you must complete to submit a request for assistance, as well as several articles on this topic.
In order to properly carry out the mission and responsibilities assigned to them by their incorporating acts, some public bodies have special powers allowing them to require the disclosure of personal information through what is commonly called a “formal demand”. The person whose personal information is subject to such a demand may also be a client, a broker acting for an agency, or an employee of a broker or agency.
The advertising of below-market interest rates is an issue that affects the entire industry and is becoming a source of problems for most mortgage agencies and mortgage brokers acting on their own account. Many ads do not comply with the regulations.
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
One of the OACIQ’s mandates is to conduct investigations and bring criminal charges, if any, against the non-licence holders who engage in acts that are reserved for brokers. In recent years, the assistance requests addressed to the OACIQ concerning illegal practice of real estate or mortgage brokerage have increased substantially.
Following the work carried out over the last months and after reviewing the suggestions made by some brokers during the 2011 General Meeting of the OACIQ, the members of the board of directors of the Organization met on January 20, 2012 to decide on the internal by-laws of the OACIQ. Many suggestions have been retained and have led to amendments to the by-laws namely:
– INSPECTION CAPSULE –
An inspection should be seen as a privileged opportunity for training and prevention. The Inspection Department is responsible for overseeing the activities of the members of the OACIQ, specifically by verifying their records, books and registers.
Sometimes a real estate or mortgage broker can be faced with an illegal brokerage situation as part of his brokerage transactions. In such situations, there are particularly activities relating to mortgage fraud, putting public protection at increased risk. Here are a few examples of illegal and fraudulent practices, brought to the attention of the Organization’s investigators in the course of their investigations.
Since July 1, 2012, the new mandatory form Declarations by the seller of the immovable must be used for all transactions involving the sale, by a natural person, of a chiefly residential immovable containing less than 5 dwellings, including immovables held in divided or undivided co-ownership. The broker must complete this form with the seller and have him sign it at the same time as the brokerage contract is entered into. This is done for the purpose of transparency as well as to protect the interests of the parties to the transaction and those of the broker. The seller must provide the information to the best of his knowledge; the form does not require the seller to declare something that he does not know.
– PROFESSIONAL PRACTICES SERIES –
When it comes to signing the act of sale before the notary, a common concern for the seller is to get his money as quickly as possible or to schedule a quick signing date. Remember that before distributing funds, the notary must always publish acts and perform many checks in the Land register, in addition to obtaining from the creditor a commitment to cancel the existing charges (for example the seller’s mortgage).
On June 8, 2012, the OACIQ unveiled the commemorative plaques on which the names of rooms and spaces of its premises were engraved. These were chosen in memory of persons who helped make the Organization what it is today. Directors and committee members and some distinguished guests were invited to the event.