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.
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 Professional Inspection Department has noticed a lack of understanding of the principles governing the receipt of a sum for another and the management of a deposit.
In principle, a contract should not terminate before the expiry date provided therein. However, the Civil Code states that, in the case of a contract for services, the client can unilaterally cancel it (Article 2125 of the Civil Code).
The seller remains free to refuse a promise to purchase even if it meets all the conditions in the brokerage contract
In 2010, the Court of Appeal, the highest court in Québec, handed down a major decision for real estate brokerage in a case where the Association des courtiers et agents immobiliers du Québec (ACAIQ) – now the Organisme d’autoréglementation du courtage immobilier du Québec (OACIQ) – appeared, first in the trial court, and later in the Court of Appeal, to argue its position.
Good professional practices dictate, among other things, that an agent should discover and disclose any unfavourable factor related to an immovable in order to inform the buyer. To do so, he must question the seller and inform him of his obligations.
Procedure when concluding a brokerage contract or promise to purchase by fax.
To what extent a real estate broker or agent may sell new houses for a builder or developer?
Whether you are the listing agent or a collaborating agent, your professional services may be required in the settlement of an estate. What happens with the use of mandatory forms in such a case?
Before listing a mobile home, a broker must first determine whether it is a movable or an immovable. Under the Civil Code of Québec, a mobile home is a movable. However, the Civil Code also includes circumstances where it can be considered an immovable.
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.