Steps to follow to become a broker
Becoming a real estate or mortgage broker doesn’t happen overnight! To be able to practise the profession in Québec, candidates must successfully go through the following steps: However, before moving on to the first step, you must think of the area of practice desired: residential real estate brokerage, commercial real estate brokerage or mortgage brokerage.
Step 1: Successfully complete a basic training program recognized by the OACIQ
Step 2: Prepare for the OACIQ certification examination
The OACIQ certification examinations simulate a real estate transaction and are designed to validate a candidate’s ability to use the various resources at his disposal and to apply and adapt them to different professional contexts. The candidate will prepare according to the examination that concerns him, based on his skills (residential real estate brokerage, commercial real estate brokerage or mortgage brokerage).
The skills-based approach is a way for the OACIQ to ensure that each individual who is issued a licence is capable of bringing a real estate transaction to fruition and to act in accordance with professional standards in the fields of real estate and mortgage brokerage.
The competency frameworks are guides to help future brokers understand what competencies must be developed and mastered in order to act ethically and responsibly in their brokerage practice.
Each skill included in the frameworks was based on an analysis of professional situations followed by a validation process with practitioners and professionals in each of the areas, in order to ensure that the frameworks reflect reality while meeting the requirements of the profession.
A professional situation represents the responsibility that befalls the broker in the course of his activities. These situations lead to professional actions being taken to bring them to fruition.
In turn, the professional actions taken require proficiency with the use of professional resources. These resources are essentially the knowledge that a candidate must master to take the professional actions required in an expert and efficient manner.
The examinations are based on competency frameworks designed* to reflect the professional activities of real estate and mortgage brokers and agency executive officers. Check them out (on the right) for a better preparation for the exam.
The instructions are the same for all the exams administered by the OACIQ. Take a moment to read them, on the right, before the exam date!
Want more information? Check out the page Preparing for the examination.
* Note: The development process for the competency framework for residential real estate brokerage was proposed by Mr. Jacques Tardif, professor at the Université de Sherbrooke.
Step 3: Apply for an OACIQ exam
After consulting the exam calendar to see the date that suits you, fill out the ''Examination Application'' form found on the Certifcation Forms page. It is important to include all the documents required and send your completed form to the OACIQ along with your payment for the related fees no later than the last day of the registration period specified in the calendar of examinations, under Details. If this deadline is not met, the applicant will be registered for the next available examination date, as per the Calendar of examinations.
ATTENTION: Given the transfer of the mortgage brokerage supervision to the AMF on May 1, 2020, the last OACIQ mortgage brokerage examination session will be held on March 17, 2020. If you wish to work in the mortgage brokerage field, you have until February 21, 2020 to register for the OACIQ exam. For more details on the transfer, visit the website of the AMF.
Step 4: Notice of examination
Step 5: Taking the examination
As mentioned in the instructions, all candidates must appear to write the exam and show a valid photo ID on each day of the examination.
Step 6: Mailing of results
The OACIQ will correct the examinations and send you by mail your result approximately 30 days after the date you took your exam. Note that no result will be given over the phone.You can make a request for examination grade review. In this case, the exam will be corrected again completely. To do this, you must send a Request for examination grade review form duly completed to the OACIQ no later than the 15th day following the date on which your letter of results was mailed.
Step 7: Application for issuance of your licence
Step 8: Receiving the licence
That’s it! If your licence application has been properly completed and all licence requirements are met, you will receive your licence by mail and you may then start your career as a broker. Note that you will have to renew your licence every year, pay the applicable fees and complete the Mandatory Continuing education Program (MCEP) to keep your knowledge current for your own benefit and that of your clients.