Search results for: "broker duties "
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Duty to supervise of the agency and its executive officer
Duty to supervise of the agency and its executive officer The holder of an agency licence and the agency’s executive officer oversee...The procedure should include controls to ensure the quality of the drafting of fiduciary clauses by brokers in order to ensure the proper management of...These must detail the resources and tools in place to ensure proper use of the system by brokers and agency employees.
BEFORE YOU SELL: Making sure you are well prepared
with his skills and his code of ethics<...="font-style:normal;" target="_blank">“Duties and obligations of a real estate broker” in this guide....#brokers_ethical_duties" style="font-style:normal;" target="_blank">“Duties and obligations of a real estate broker” in this guide.
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.
Buyers and sellers must fully understand the importance of their rights and the consequences of a hasty purchase
“Despite today’s booming real estate market and the pressure to quickly conclude transactions that may arise therefrom, brokers must ensure...that they comply with their ethical duty to advise and inform their clients under all circumstances to protect them.... As part of his duty to advise and inform, the real estate broker must inform the client of the consequences of waiving the legal warranty.
The OACIQ needs you
Inspection Committee The Committee makes recommendations based on inspection reports of brokers or agency executive officers.... Syndic Decision Review Committee (SDRC) The SDRC's duty is to issue an opinion on the Syndic’s decision not to file a complaint...with the OACIQ Discipline Committee against the broker or agency targeted by his investigation.
Booming housing market: Over 14,000 brokers trained by the OACIQ to better protect the public
New brokers have 30 days to take it after the issuance of their licence.... The mandatory training allowed the OACIQ, through practical cases, to remind brokers of the duty to inform, advise, and verify, of the rules...Eric Girard, on the supervision of real estate brokers.
BEFORE YOU BUY: Making sure you are well prepared
" target="_blank">a broker’s duties and obligations....To find out more, read the section entitled “Duties..." target="_blank">“Duties and obligations of a real estate broker” in this guide.
Is the electronic signature secure?
Broker’s duties A growing number of professionals authorized by the OACIQ use such an electronic signature solution to conclude...Here are a few guidelines to be respected by brokers: A broker who uses an electronic signature solution must first evaluate whether...The broker gives this last copy to each of the two clients.
Social media and real estate brokerage: a few ground rules
Here are the rules of conduct which the OACIQ is responsible... Clear rules A broker must always act in the client’s best interest....Among other things, he must ensure that brokers follow clear rules when using social media. Do you have any questions?
Disclosing information relevant to the closing of the transaction
Thus he may not provide privileged information to a broker who works for the same agency, team or banner, unless of course this broker also represents...On the commercial side All brokers have a duty to collaborate.... He must also comply with his collaboration duty toward all other licence holder, while make sure that no confidential, strategic and sensitive
Dry rot: what you need to know
The real estate broker's duties To protect the interests of all parties to the transaction, the real estate brokerage professional... In order to carry out his ethical obligations, particularly his duty to advise, inform and disclose, the broker must “take steps, in accordance... If the seller refuses to allow the broker to disclose this fact, the broker must refuse to list or to continue to list the property, and must
AFTER THE TRANSACTION: The steps after the Promise of purchase
"> GOOD TO KNOW When two or more real estate transactions are interrelated...(for example when you must sell your home in order to purchase a new one), your real estate broker has a duty to allow a reasonable time frame between...has a duty to allow a reasonable time frame between the dates of signing of the deeds of sale for the various transactions to take place.
Disclosing personal information
The DS form must be provided without the buyer’s broker having to request it, in accordance with the duty to cooperate and inform all parties of the facts...a id="7.4.1" name="7.4.1">7.4.1 Bodies having the power to compel communication of the information To carry out the mission and duties...Therefore, the OACIQ's syndic or inspector acting in the course of his duties may request from a licensee personal information concerning a person, such
High-risk areas for pyrite: Broker responsibilities
He must tell you: that he has the duty to inform every buyer about the pyrite, even if the property does not seem to be affected; Whether he is the seller’s broker or the buyer’s broker, the broker involved in the transaction must: inform the buyer...duty to disclose this information to any potential buyer; recommend to the buyer that he ask the seller for authorization to have an expertise
; ► DUTIES...AND OBLIGATIONS OF THE BROKER Duty to advise To enable the seller to make an informed decision, the broker must explain his or her obligations arising from the legal warranty of quality
Duty to supervise of the agency and its executive officer
Duty to supervise of the agency and its executive officer The holder of an agency licence and the agency’s executive officer are responsible...In addition, they must implement internal control mechanisms to ensure that the agency's brokers comply with these policies and procedures....This can, for example, take the form of (random or risk-based) reviews on various social networks, newspapers, brokers' personal websites, etc.
Restrictions to the right of ownership
> ► DUTIES...AND OBLIGATIONS OF THE BROKER A real estate broker who puts an enclosed immovable on the market...AND OBLIGATIONS OF THE BROKER The real estate broker must:
Does your professional insurance cover you in the event that a transaction is conducted while you are outside Québec?
Remember that it is your duty to inform the FARCIQ of any actual or potential claim....A prudent broker will avoid placing himself in a situation of illegal practice....Keep in mind, however, that distance can present certain challenges to the broker’s ability to carry out his duties and obligations properly.
Obtaining a licence, a conditional privilege
Obtaining a licence, a conditional privilege Obtaining a real estate broker title is subject to specific conditions.... Access to real estate broker profession is governed by rules that are clearly set out in the Real Estate Brokerage Act.... Disclosing, a duty and an obligation What to report to the Organization? Here is an overview.
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.
What are the phenomena or specifics that may affect your real estate transaction?
Keep in mind that the real estate broker who will assist you throughout your transaction must also meet his duties and ethical duties and obligations ...Real estate brokers have access to an information toolkit about properties that have been flooded....Both the seller’s broker and the buyer’s broker have duties and obligations. They must obtain complete and accurate information about the oil tank.
Presentation of transaction proposals
The representation duty of the buyer’s broker includes presenting a promise to purchase himself, whether in person, by phone or by videoconference...For his part, the seller’s broker can ask questions of the buyer’s broker in order to obtain answers, explanations and clarifications on the promise to...fulfilling his duty to represent, protect and defend the interests of his client.
Income Tax on the sale by a non-resident of Canada
">Duties on transfers of immovables ► DUTIES...or non-resident of Canada, the broker should not express an opinion on this matter.
Collaborating with licensees from other jurisdictions
According to the Real Estate Brokerage Act and its regulations, an agency or a broker may share remuneration resulting from... An agency or broker may also share remuneration with a person or partnership referred to in section 3 of the Real Estate Brokerage... It is each person’s duty to make these basic verifications in order to comply with the Real Estate Brokerage Act and not encourage
Identification of the parties (BCS)
However, note that the other obligations and duties of a team leader and team members under the regulations are neither reduced nor changed as a result...The obligations and duties of other team members are in no way changed or reduced as a result of this power of attorney....Duties of team members CONFIDENTIALITY — Whether they
Results from 51 to 75 on 167
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