The Fonds d'assurance responsabilité professionnelle du courtage immobilier du Québec (FARCIQ)
Independent from the OACIQ, the FARCIQ insures Québec real estate or mortgage agencies and brokers against professional liability.
FARCIQ ensures the availability of funds to honour, among other things, a judgment ordering a real estate or mortgage broker to compensate a consumer in case of unintentional fault, error or omission committed in the course of his or her professional activities. All brokers and agencies must pay a professional liability insurance premium to FARCIQ.
For more information about the Fund, visit the FARCIQ website.