Training and career in real estate
To access the real estate or mortgage broker’s exciting career, what training should be taken? Discover the requirements to practice real estate and mortgage brokerage and learn more about recognized mandatory basic training programs. By checking this section, you will also know what tools are available to you to practice the profession according to generally accepted practices.
Mandatory basic training: Important information for candidates wishing to become real estate or mortgage brokers
(Updated on September 6, 2013)
In an effort to enhance brokers’ skills and address the concerns of real estate professionals, any candidate wishing to take the OACIQ certification exam since September 1, 2013 must have previously taken and passed a basic training program recognized by the OACIQ.
The OACIQ provides the public and licence holders with the name of various educational institutions offering training programs in real estate brokerage.
(Updated on September 10, 2013)
The OACIQ certification examinations simulate a real estate transaction and are designed to validate a candidate’s ability to use the various resources at his disposal and to apply and adapt them to different professional contexts.
Are you an agency executive officer or a real estate or mortgage broker in another province and now wish to practice in Québec? Here is how:
Combining occupations: can a broker also hold a certified issued under the Act respecting the distribution of financial products and services or registered under the Securities Act or the Derivatives Act?
According to the Regulation respecting the pursuit of activities as a representative, adopted under the Act respecting the distribution of financial products and services (Distribution Act), a real estate broker may not hold a certificate issued by the Autorité des marchés financiers (AMF) to carry out the following activities:
Mandatory and recommended brokerage forms have been used for more than a year now and the vast majority of brokers seem to make a good use of them.
Mandatory basic training: Important information for candidates wishing to become agency executive officers or to act on their own account
(Updated on September 10, 2013)
In an effort to improve broker competence and address concerns expressed by the field, since September 1, 2013, all candidates to an OACIQ certification examination must first successfully complete a basic training program recognized by the OACIQ.
Last January, 1,869 agency executive officers and brokers acting on their own account were invited to complete the self-inspection questionnaire about their practice in 2012. This annual exercise is a great way to follow the development of the profession to ultimately improve some aspects of the practice. Here are the trends arising from answers to the questionnaire.
Licence issuance and reactivation
Period required to process a request for issuance, transfer, lifting of suspension, suspension or revocation
Special requirements on the part of the seller and obligation to present any promise to purchase as soon as possible
Sometimes a seller may have particular requirements regarding the timing for submitting promises to purchase to him regarding an immovable for sale. For example, a seller may want to consider all promises to purchase at the same time, on a predetermined date.
The real estate broker must ensure that the rights and obligations of the parties to a transaction are recorded in writing and reflect adequately their will. In addition, he must always be capable of proving the accuracy of the information he provides to the public or to another licence holder.