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FAQ

1. When does the licence renewal period begin?

2. How do I renew my licence?

3. What is the deadline to update information and pay the annual applicable fees?

4. What is the annual applicable fee for renewing a licence?

5. What are the payment methods accepted?

6. Can I pay before updating my information?

7. What is the period covered by the annual licence renewal?

8. Does the OACIQ keep banking information?

9. Why do licence fees increase every year?

10. Can the annual licence fees be paid in several instalments?

11. Do I need to update my information if nothing has changed?

12. Can the information be updated using a paper form?

13. Do I need to change my photo in My record during the annual licence renewal?

14. What happens if I do not pay my licence fees before April 30?

15. How can I reactivate my real estate broker’s licence following a licence revocation for not paying the licence renewal fees within the specified period?

16. What are the consequences for a real estate broker who fails to update his information by April 30?

17. How can a real estate broker return to practice following a licence suspension for failing to update personal information?

18. What are the agency executive officer’s responsibilities when it comes to annual licence renewal?

19. What are the consequences for a real estate agency that fails to pay its annual licence fees on or before April 30?

20. How can a real estate agency reactivate its licence following a revocation for not paying the annual licence fees?

21. What are the consequences for a real estate agency that fails to update information within the specified period?

22. How can a real estate agency reactivate its licence following a suspension for failing to update its information within the specified time period?

23. Can a real estate broker ask the OACIQ to update information for him or her?

24. How do I correct an error in the information update after submitting it?

25. Is a real estate broker who wishes to cease his activities for a short period required to renew his licence?

26. Does the Mandatory Continuing Education Program (MCEP) have to be completed by April 30 this year?

27. What is the meaning of “Subscription to InstanetFormsTM electronic forms” appearing on the licence renewal notice?

28. Where can I find my licence renewal receipt?

29. How can I check whether my licence renewal has been completed?

30. Are FARCIQ fees mandatory?

31. Where can I find the FARCIQ insurance policy?

32. Can an agency executive officer pay the annual licence fees of his agency’s brokers?

33. I do not wish to renew my licence on April 30, and I intend to stop practising as of that date. What shall I do?

34. I am a new real estate broker, what are my obligations regarding my licence renewal?

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Reference number
207593
Last update
May 14, 2025