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:
Hidden defects insurance is a new product available to buyers of residential properties containing five dwelling or less. As real estate brokers and agents will surely be solicited to provide information about this product, the ACAIQ would like to make the following clarification.
In Quebec, any real estate brokerage transaction, for compensation and for others, must be carried out by a duly certified real estate broker or agent, i.e. one who holds a certificate to practice issued by the ACAIQ.
Many of you read the April 21 InfoLetter closely and called us for additional information on a few points you wished to clarify. To access the April 21 InfoLetter, click on the link below.
On June 23, 2008, amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act came into force, resulting in additional requirements for the real estate sector, a sector that was already subject to the legislative requirements under the Act since 2001.
In March 2001, the ACAIQ’s published an article entitled ''Saying NO to real estate fraud'' with a box story entitled ''Taking an immovable off the market: A real problem''. The Association must unfortunately reiterate these warnings, since it seems that falsely taking a property off the market remains a current topic.
On November 30, 2005, the Board of Directors of the Association des courtiers et agents immobiliers du Québec adopted a By-law amending the By-Law of the ACAIQ that fixes the premium payable to the Liability Insurance Fund, in accordance with the Real Estate Brokerage Act. The universal premium of $550 per member, per year, plus applicable taxes, is therefore confirmed. This is a great step toward being granted the insurer’s licence to actually launch the Fund in 2006. The adoption of this by-law follows a Five-Year Development Plan prepared by the actuarial firm of Eckler Partners Ltd. An accounting, actuarial and legal requirement of the Autorité des marchés financiers (AMF) prior to granting a licence, this development plan and the ensuing adoption of the by-law brings us another step closer to our goal. The by-law has been submitted to the government for approval. The timetable set by the ACAIQ to create the Fund is currently on schedule. Only a few steps remain before the AMF issues the insurer’s licence needed to launch the Fund.
The Association is issuing recommendations to real estate brokers and agents regarding the iron ochre issue.
PLEASE NOTE: You have until July 31, 2010 to open a general trust account. Since the coming into force of the Real Estate Brokerage Act on May 1, 2010, all real estate or mortgage agencies and real estate and mortgage brokers acting on their own account must open a general trust account.
Since the coming into force of the Act on May 1, 2010, you are no longer required to forward your disclosure notices to the OACIQ. Notices of disclosure (purchase, sale, exchange or loan) are to be remitted to your agency, which will enter them in a specially designated register and file them in a record created for that purpose.
Working knowledge of French in accordance with section 35 of the Charter of the French Language is required
This is a reminder that in accordance with new OACIQ regulations, anyone applying for issuance of a licence must meet one of the following conditions regarding the knowledge of French.