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FAQ

Certification - Brokers

1. What is the normal processing time for an application submitted to the Certification Department?

2. How do I know if my application has been processed?

3. Can an application be processed for an earlier date, i.e. retroactively?

4. Can an application be processed at a later date?

5. What are the differences between a licence restricted to a single right to practise and a licence with both practice rights?

6. I am the holder of a real estate broker licence restricted to residential brokerage and I have successfully taken the commercial brokerage certification examination. How do I go about adding this practice right to my licence?

7. I wish to act on my own account. What shall I do?

8. I have the qualification “Certified AEO” but I do not wish to keep it. How can I apply for a licence modification and what are the impacts?

9. I wish to act as agency executive officer. What shall I do?

10. What are the differences between a certified real estate broker’s licence holder AEO, a certified real estate broker’s licence holder and an agency executive officer?

11. I would like to carry out my activities for a different real estate agency. What is the procedure to follow?

12. I wish to receive my remuneration through my own business corporation. What shall I do?

13. What are the requirements regarding the naming of my business corporation?

14. What happens to my corporation if I change agencies?

15. What happens to my corporation if my licence is suspended or revoked?

16. What should I do to terminate my authorization to operate within a business corporation?

17. I want to take a break: do I need to apply for the revocation or suspension of my licence?

18. How do I request a suspension or revocation of my licence and what are the applicable fees?

19. Can I get a refund if my licence is suspended or revoked?

20. What are my duties and obligations when my licence is revoked or suspended?

21. The OACIQ Discipline Committee decided to suspend my licence. How will this suspension be applied?

22. What should I do if my licence is suspended and I wish to resume my brokerage activities?

23. What should I do if my licence is revoked and I wish to resume my brokerage activities?

24. What are acquired rights?

25. Is the acquired rights period renewable?

26. How do I change an address or appoint an authorized representative?

27. What information do I need to update to comply with section 10 of the Regulation respecting broker’s and agency licences?

28. When and how should my information be updated?

29. What are the consequences if I fail to update my information?

30. Can I act as agency executive officer if the LIMC imposes measures on my licence?

31. What are the consequences if I do not want to pay my licence as at April 30?

32. If I am subject to criminal or penal charges, or if I am convicted of an ethical, penal, or criminal offence or act that was not committed in the performance of my activities as a real estate broker or agency, do I have to inform the OACIQ about it?

33. If I declare bankruptcy, do I have to inform the OACIQ?

34. What is the procedure to obtain a copy of a document from my record (e.g. licence issuance receipts, agency change, etc.)?

35. How can I get a complete history of my licence?

36. How often should I update my photo, and why?

37. What are the fees for updating a photo?

38. Can I update my photo online myself?

39. I do not have a digital photo: how can I update my photo?

40. I am agency director; how can I obtain access?

Reference number
202200
Last update
April 22, 2024