Representations made by licensees, and the advertising and information they disseminate, must comply with the Organization's regulations.
These rules apply not only to licensees, agency executive officers and directors, but also to franchisers and any person or partnership promoting real estate brokerage services1.
Certain signage laws must also be respected, for example, when installing a “For Sale” sign. It is therefore important to check the applicable laws with the authorities concerned, such as the Ministère des Transports and the municipalities.
1Section 22 of the Real Estate Brokerage Act
WHY A GUIDELINE?
This is an interpretation of the law, a reference tool to support your decisions, including in matters of compliance. This guideline simplifies the legislative and regulatory framework of real estate brokerage. It clarifies the OACIQ’s expectations and sets out proper practices to ensure licensee compliance. It will help real estate agencies and their executive officers to develop a comprehensive and effective compliance program.
How to navigate in this tool?
► Click on the different themes presented below.
In each you will find the relevant sections of the Real Estate Brokerage Act, as well as several concrete scenarios that will provide you with reliable tools to successfully complete your transactions in compliance with your obligations.
This is an evolving tool, so make sure to bookmark this page and return to it often!
