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.
In an effort to enhance brokers’ skills and address the concerns of real estate professionals, any candidate wishing to take the OACIQ certification exam as of 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.
The competency frameworks are guides to help future brokers understand what competencies must be developed and mastered in order to act ethically and responsibly in their brokerage practice.
Mandatory education activity on the new Real Estate Brokerage Act: schedule and registration procedures
As announced in the last issue of pro@ctive, we are actively working on developing the schedule for the mandatory continuing education activities that will be held across Québec starting June 8, 2010. See schedule on Synbad.
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Real estate brokers and agencies are sometimes called upon to act as intermediaries for the sale or purchase of an enterprise. In this type of transaction, various scenarios are taken into account, including the sale of assets or the sale of shares, to determine which path is the most advantageous both for the seller and the buyer. The option chosen can also have important repercussions on the real estate broker's or agency’s right to receive compensation. The court cases commented upon below are a good illustration. That is why licence holders must remain vigilant, because some transactions could fall under the jurisdiction of the Securities Act.
The clause concerning the compensation, if any, that the seller will pay to the broker is, of course, very important. In particular, it is necessary to properly understand under what conditions such compensation will be due and as of when.
The OACIQ 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.
This is a central requirement for an establishment: