History
Although created officially in 2010, the OACIQ has a rich history that began in the 1950’s. The following timeline provides an overview of the various milestones and events that marked its current mission.
1954
The Corporation des courtiers en immeubles de la province de Québec is created on January 13, 1954
1962
The first Real Estate Brokerage Act is adopted.
1967
The Real Estate Brokerage Act is amended to create the Service de courtage immobilier, a government agency responsible for regulating and issuing permits. The Corporation des courtiers en immeubles collaborates with the Service.
1972
The Corporation des courtiers en immeubles is succeeded by the non-profit Quebec Real Estate Association (QREA). Although this professional association does not have any powers under the Real Estate Brokerage Act, it sets standards for professional conduct and training.
1973
The Québec government adopts a Professional Code to ensure the protection of the public while allowing professional corporations to remain autonomous (e.g. Collège des médecins, Chambre des notaires, Barreau du Québec).
1983
Although not a professional corporation, the QREA develops its ability to self-manage and to differentiate between "protecting the public" and "defending the rights of its members".
1985
The Real Estate Indemnity Fund (FICI) is created under the Real Estate Brokerage Act.
1988
The number of QREA members reaches over 13,000, from 4,000 in 1974. This growth gives the profession the resources it needs to reach its objectives.
1994
A new Real Estate Brokerage Act comes into force, creating the Association des courtiers et agents immobiliers du Québec (ACAIQ), which replaces the QREA.
2006
The Fonds d’assurance responsabilité professionnelle du courtage immobilier du Québec (FARCIQ) begins operations for all Québec real estate brokers and agents.
2007
To better respond to changing needs, a draft revision of Real Estate Brokerage Act is tabled in December.
2008
The new version of the Real Estate Brokerage Act is approved and adopted by the National Assembly in May.
2010
The new Real Estate Brokerage Act comes into force on May 1, 2010, and the ACAIQ becomes the OACIQ.
2011
In March, the OACIQ tables its first Annual Report.
2012
In February, many of the profession’s stakeholders meet for a one-day event called the “Real Estate Summit”.
2013
On September 1st, any person wishing to become a licensed broker by the OACIQ must successfully complete a basic training recognized by the Organization before writing an exam, which is also designed by the OACIQ.
2014
The Organization posted online several new tools to better inform the public, including:
2015
The year was marked by two significant achievements for the protection of the public: The coming into force, on May 1, of the Mandatory Continuing Education Program for all brokers, as well as the involvement of the OACIQ in the review process of the Real Estate Brokerage Act by the Ministère des Finances du Québec.
2016
In May, the new President and CEO of the OACIQ, Nadine Lindsay, took office.
2017
The OACIQ started its 2017-2019 strategic plan, which focused on four major directions, namely:
2018
The OACIQ and Option Consommateurs sign an agreement to better inform the public of the protections offered by the Real Estate Brokerage Act.
2019
A new mandatory continuing education cycle will be launched in May.