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 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.
The OACIQ provides the public and licence holders with the name of various educational institutions offering training programs in real estate brokerage.
As we know, the practice of real estate brokerage in Québec involves collaboration and compensation sharing between members. It is more and more common to see real estate brokers working in collaboration with brokers from other jurisdictions.
Affiliated agent who became a real estate broker and wishing to act on his own account: main requirements
An affiliated agent who became a broker on May 1 may act on his own account only once he meets certain qualification requirements; the main ones of these are listed below. Two situations can occur:
- Affiliated agent who became a broker without having begun the chartered broker’s course prior to May 1, 2010;
- Affiliated agent who became a real estate broker AND completed or began the chartered broker’s course prior to May 1, 2010.
The OACIQ would like to inform candidates interested in taking one of the new examinations of the procedure to follow to do so.
Several of you sent us comments regarding the increase in the chargeable fees appearing on that invoice. It is our role to shed light on issues such as these, and to refer you to the documents containing the information that has already been made public on this topic.
Follow-up with your candidates regarding the three-month period in which to take the old examination after obtaining their AEC
We remind you that to be allowed to take the old examination (902.56 program) in order to obtain a real estate or mortgage broker’s licence, certain conditions will apply.
The following tables list the chargeable fees for the various licences, according to the month in which an application is made.
This is a reminder that you have until September 15, 2010 to pay the following two invoices: Chargeable fees and Professionnal liability insurance premium. Which where sent to you in May and June.
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.