Did you check your real estate or mortgage broker’s record?
(Article of the OACIQ published on Protégez-Vous.ca website, in January 2018)
Selling, buying, leasing or financing a property are transactions with major implications. Before entrusting a real estate broker (or mortgage broker for financing) with your transaction, it is essential to check his professional record to learn more about him. That’s why the Organisme d’autoréglementation du courtage immobilier du Québec (OACIQ) has put at your disposal several tools, including the indispensable Register of licence holders.
A register for you
The Register of licence holders was created by the OACIQ to provide you with information on the history of a broker’s licence and help you make an informed decision.
When checking it, you will for example be able to:
- ensure that a broker holds a valid licence and know what type of licence he holds (the orange question mark that appears therein will give you more information);
- see the contact information of the establishment with which he is associated, the name of the agency and its executive officer, the company name or pseudonym, if any;
- consult the list of trainings he completed;
- see if his record contains an administrative statement or a disciplinary measure. If this is the case, you can find out more about various elements of a broker’s disciplinary record (such as the schedule of disciplinary hearings, the notices of the Discipline Committee or of the Licence Issue and Maintenance Committee and the disciplinary decisions).
To access the Register, go to the oaciq.com home page and click Check a broker's record.
This transparency aims at protecting you. Disclosing this information ensures that each licensed real estate professional acts in accordance with best practices, governed by the OACIQ pursuant to the Real Estate Brokerage Act and its regulations. This includes the duty to keep one’s knowledge current and adhere to a strict code of ethics.
For more information
The Info OACIQ agents will be glad to answer them.