Search results for: "broker duties "
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Buyer’s Guide and Seller’s Guide
puts at your disposal two easy-to-use tools to better understand the many steps of a real estate transaction through which you will be guided by your broker...practical information on: The duties...and obligations of real estate brokers; The Promise to purchase; The downpayment; The compensation of brokers (commonly
Role and responsibility of the agency executive officer
However, he or she may delegate this duty to a third party....is no longer required for the performance of his duties (for example, after the completion of the real estate transaction or the refusal of the promise... The agency must provide its brokers and employees with clear guidelines and policies that comply with privacy laws.
Latent defect is a very unpleasant surprise for both the buyer and the seller!
This form, which is mandatory when a seller deals with a real estate broker, is therefore important for both parties.... Broker’s obligations From the signing of the brokerage contract to the signing of the deed of sale, the broker has a duty...engaged in the transaction, as it is his duty to do so.
The legal warranty of ownership and quality
Furthermore, in exceptional cases, if the seller's wish is to limit the warranty of quality in time, the broker will have to inform the parties... The real estate broker's duty The real estate broker has a duty to inform the seller and the buyer of the consequences of waiving...Note that the article “An inspection protects you” is a reminder of broker’s inspection responsibilities
Properties located on former landfill sites: clarifications by the OACIQ
The article constitutes a directive that describes in detail the duties of brokers in this regard.... In addition, verifying the history of a property’s location in a land registry and informing the parties concerned are part of the duties...and, more generally, of a broker’s general obligation to verify, inform and advise.
A report card on a property
The seller’s broker’s duty to verify Under the Real Estate Brokerage Act, the seller’s broker is particularly required...duty to verify.... If he learns that a factor may significantly affect the value given by a buyer to the property, he has a duty to report it.
Transaction involving a flooded property: Three things to know
; When selling a property that had been flooded, the seller’s broker must ensure that all this information is included in the OACIQ form Well-equipped brokers to protect you We prepared an information toolkit for brokers engaged in real estate transactions... If you have any questions, read the article entitled
“Residential” or “Commercial” Brokerage: Ethical obligations are the same for all
Information and the duty to collaborate The fourth difference is in the conveying of information regarding the object of the brokerage...contract and the duty to collaborate....Everybody knows the rules: a broker has a duty to collaborate with another broker upon request.
Duties on transfers of immovables
Of all specific statutes, those dealing with property transfers1 are most likely to have an impact on a broker’s real estate transactions....city collects a transfer duty....Therefore, before talking to the client about the transfer duties for a given transaction, the broker must verify the information on the municipality’s
Buying from a seller who is not represented by a broker
Your broker’s role First of all, remember that if you sign a brokerage contract to purchase with your broker, you may either pay... In addition to his duties during any purchase transaction, if the seller is not represented by a broker, your broker must in particular: ...Is your former broker entitled to his compensation?
Duties and obligations of the real estate broker ... The Real Estate Brokerage Act clearly defines the broker’s duties and obligations towards you....For example: The broker is bound by a strict duty of loyalty to his client. He must promote his interests and protect his rights.
Homes used to grow cannabis: Permanent stigmas
The broker has instead denied the merits of his client's suspicions....For all these reasons, it has suspended this broker's licence for a 30-day period.... Want to learn more about broker duties and obligations?
How to use the mandatory form Declarations by the seller of the immovable
The reason is simple: it is a great tool to help licence holders meet their duty to verify and learn, in accordance with generally accepted...provides to the public and to other brokers.... In any case, this does not release the broker from his duty to verify, and he should remain particularly vigilant.
Shedding light on hidden defects
What can your broker do in this situation?... The broker’s obligations and his limits From the signing of the brokerage contract to the signing of the deed of sale, the broker...has a duty to advise and inform you, but also to detect factors that may adversely affect the parties or the object of the transaction.
Abiding by the Act respecting Tourist Accommodation Establishments
Abiding by the Act respecting Tourist Accommodation Establishments The real estate broker's licence is no longer required for leasing...Considering their duty to verify, inform and advise, these brokers would be well-advised to know the ins and outs of the Act respecting Tourist Accommodation
Aging oil tanks - How to lessen the difficulties they can cause
When selling such an immovable, real estate brokers must be mindful of their duty to inform and advise, which will help reduce the problems that the presence... THE SELLER’S BROKER must: obtain complete... THE BUYER’S BROKER who is informed that the immovable has an oil tank must:
What is the obligation to avoid placing oneself in a conflict of interest?
This rule must be understood as a duty to promote and protect clients' interests....In other words, the client's interests must, at all times and in all circumstances, come before those of the real estate broker....When a broker introduces himself as a real estate broker to a potential client, is he acting for the benefit of this client by offering his services, or
The buyer's broker who receives information from the seller or the seller's broker must pass it on to his client.... Inform the seller of the broker's duty to inform all parties to a transaction of any adverse factors2<... Notify his broker (or the buyer’s broker) if he obtains additional information on the immovable after signing the form or if changes must
The real estate agency or broker working for a builder or developer
The real estate agency or broker working for a builder or developer To what extent a real estate agency or broker may sell new houses for...They must therefore respect their duties and obligations set out in the Real Estate Brokerage Act and its regulations when they engage in brokerage... This means that a real estate broker may work for a builder or a real estate developer only as a real estate broker acting on his own
Application for an agency licence
ckeditor/attachments/241/framework-agency-officer-july2013.pdf">Competency framework – Agency executive officer Your duties towards your brokers and the public The agency’s duty to supervise all brokers The Agency Executive
Specific cases relating to the history of the immovable
His duty to inform is to disclose any factors that could affect a prospective buyer.... The seller's broker must, as part of his duty to verify, check previous description sheets and the Seller's Declarations forms available...Here are some crucial elements that can guide brokers in their verifications.
Duty to verify Municipality <...h3>1.1 Identity and legal capacity When a buyer tells his broker his intentions concerning the use he intends to make of the property, or when the broker determines that verification
In the wake of the housing market overheating, the OACIQ is stepping up its actions to protect the public!
Among the actions taken by the OACIQ, a new mandatory training course has been prescribed for all residential real estate brokers in Québec,... The real estate broker has ethical duties...Real estate brokers must make every effort to ensure that their clients make appropriate and informed decisions.
Setting the market value of an immovable and the terms of sale
Duty to advise Setting the market value of an immovable and the terms...of sale 3.1 Inspection ...Comparisons are based on a variety of elements: the history of properties sold from the databases of the information listing services for brokers and agencies
The real estate broker acting as the client’s intermediary or mandatary
requirements, professional conduct of brokers and advertising (“the Regulation”), a broker must avoid placing himself in a conflict of interest....In such a case, the broker should recommend that a third party be appointed as mandatary....font-size:14px">Identity of the real buyer or seller Sometimes a party to a transaction may wish to be represented by a third party duty
Results from 26 to 50 on 160
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