LAWSUIT AGAINST STELLIUM IMMOBILIER INC. - The OACIQ is claiming $513,000
For immediate release
Brossard (Québec), November 29, 2013 – The Organisme d’autoréglementation du courtage immobilier du Québec (OACIQ) is filing penal proceedings against Stellium Immobilier Inc. before the Court of Québec.
The Organization lays 19 charges against this unlicensed company for having illegally carried out the activity of real estate agency (or formerly real estate broker) between March 2010 and September 2012, and thus violating the Real Estate Brokerage Act. The OACIQ is claiming fines totalling $513,000, an amount that takes into account the benefits presumably derived from the infringement.
About the OACIQ
The OACIQ’s main mission is to ensure public protection in the field of real estate and mortgage brokerage, among other things, by supervising and overseeing the professional activities of real estate brokers in accordance with the Real Estate Brokerage Act. In this regard, it is responsible for applying the rules of professional conduct and conducting inspection of licence holders. The OACIQ also helps promoting brokers’ skills and professionalism among the public, particularly by the quality of its trainings. In addition, the OACIQ ensures the development of best practices in real estate and mortgage brokerage in Quebec.
- 30 -