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.

 

The Corporation des courtiers en immeubles de la province de Québec is created on January 13, 1954

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1954


1962

The first Real Estate Brokerage Act is adopted.



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.

1967


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.



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).

1973


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".

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The Real Estate Indemnity Fund (FICI) is created under the Real Estate Brokerage Act.

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1985


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.



A new Real Estate Brokerage Act comes into force, creating the Association des courtiers et agents immobiliers du Québec (ACAIQ), which replaces the QREA.

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1994


2006

The Fonds d’assurance responsabilité professionnelle du courtage immobilier du Québec (FARCIQ) begins operations for all Québec real estate brokers and agents.



To better respond to changing needs, a draft revision of Real Estate Brokerage Act is tabled in December.

2007


2008

The new version of the Real Estate Brokerage Act is approved and adopted by the National Assembly in May.

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The new Real Estate Brokerage Act comes into force on May 1, 2010, and the ACAIQ becomes the OACIQ.

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2010


2011

In March, the OACIQ tables its first Annual Report.

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In February, many of the profession’s stakeholders meet for a one-day event called the “Real Estate Summit”.

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2012


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.

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The Organization posted online several new tools to better inform the public, including:

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2014


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.

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In May, the new President and CEO of the OACIQ, Nadine Lindsay, took office.   

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2016


2017

The OACIQ started its 2017-2019 strategic plan, which focused on four major directions, namely:             

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The OACIQ and Option Consommateurs sign an agreement to better inform the public of the protections offered by the Real Estate Brokerage Act.

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2018


2019

A new mandatory continuing education cycle is launched in May.

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Last updated on: February 11, 2019
Article number: 206217