Search results for: "broker duties "

AND OBLIGATIONS OF THE BROKER Duty to inform and advise If a broker represents a client who wishes to sell, purchase or alter an immovable that falls within one of these definitions,...AND OBLIGATIONS OF THE BROKER When taking up the brokerage contract

offers free protection to consumers who are victims of fraud, fraudulent tactics or misappropriation of funds committed by an agency or a real estate broker...It performs its duties in accordance with the rules set out in the Real Estate Brokerage Act and its regulations.... Compensation cases Brokers and agencies must comply with various regulations aimed at protecting the public.

strong>access to information should be restricted to only those individuals who need access to the information to perform their duties... When a brokerage contract is concluded between a seller and an agency represented by a broker, the broker has automatic access to the seller's... The other agency brokers who are not involved in the case must not have access to this personal information.

">Duties on transfers of immovables ► DUTIES

The broker has the same duty to verify, inform and advise whether the transaction concerns the leasing, purchase or sale of a property....He also has a duty to advise his client regarding all the above legislation....However, he also has a duty to treat the other party fairly.

Duty to inform Licensees must act with objectivity whenever informing the party represented by them...margin-left:35.4pt;">(2)  that the immovable is being sold with no legal warranty; (3)  the name of the broker... Even before visiting a house, a buyer may very well contact the seller’s broker to get the detailed description sheet for a property.

A licensee could also be guilty of failing in his duty to carry out his activities diligently by not asking his client why the buyer's name was changed...http://legisquebec.gouv.qc.ca/en/ShowDoc/cr/C-73.2,%20r.%201" target="_blank">Regulation respecting brokerage requirements, professional conduct of brokers

You are advised to exercise caution before considering this type of transaction, and to discuss it with your broker....In such a case the broker must fulfill his duty to verify, inform and advise in the same manner as with any other real estate transaction.... To properly guide you, your broker must therefore be knowledgeable on the subject of residential leasing with option to purchase.

">Duties on transfers of immovables ► DUTIES...will be void and the broker will have created unnecessary work for the buyer’s brokers.

Due in part to his loyalty obligation toward his client, but also to his duty to collaborate, the licence holder must not offer to share his..., concurrently with a promise to purchase submitted through the broker or the broker representing the agency identified in section 1.”... The seller’s broker will also have to collaborate with the broker who will represent the buyer.

The Real Estate Brokerage Act prohibits licensees from placing themselves in such a situation, in accordance with their ethical duties and obligations...Finally, how should a broker act if he finds himself in a direct or indirect interest situation in a transaction?...What mechanisms are implemented to prevent money laundering and what role must real estate brokers play to ensure the legality of transactions?

by the replacing broker.... If the agency does not send the notice to the client on time, the contract remains in force with the agency, but the latter still has a duty...on the same day the broker ceased his activities.

; ► DUTIES...AND OBLIGATIONS OF THE BROKER When a broker enters into a brokerage contract for the sale of an... A broker representing (or providing fair treatment to) a buyer must ensure that the buyer is aware of the

font-size:16px;">► DUTIES...AND OBLIGATIONS OF THE BROKER   Remember!...You have a duty to verify and advise.

Overview of key specific measures Duty...Duty to inform clients of the existence and mission of the OACIQ In 2019, the OACIQ launched an initiative to encourage licence holders...and advertising further clarifies the duties of licence holders in relation to conflicts of interest: “

font-size:16px;">► DUTIES...font-size:16px;">► DUTIES...AND OBLIGATIONS OF THE BROKER   The broker must verify the provisions relating to cannabis

; ► DUTIES...AND OBLIGATIONS OF THE BROKER The broker must keep the following documents in the record:BROKER What documents must the broker obtain and keep in the record?

The seller's broker must also allow other...brokers to show the property to their buying clients.... Therefore, when a broker shares a listing that is not his, he must ensure that the listing broker is properly identified so as not to lead others

If you are planning to apply for a residential real estate broker licence, full-service licence or agency executive officer’s licence, you will... The duties of agency executive officers through jurisprudence (1 CEU) Broker and agency executive officer... or Collaboration between residential real estate brokers (2 CEUs) Purchase brokerage: Brokers working in commercial real

style="margin: 0 0 0 20px;"> Duties on transfers of immovables In the course of his duties, a broker is called upon to draw up contracts, draft clauses and manage documents

A real estate broker representing a buying client who plans to build or expand on a lot located in a wetland must exercise his advisory...font-size:16px;">► DUTIES...AND OBLIGATIONS OF THE BROKER When a buyer has building or expansion plans, the broker must:

="color:#496e8f;">Disclosure Loyalty and representation Duty...residential-or-commercial-brokerage-ethical-obligations-are-the-same-for-all">“Residential” or “Commercial” Brokerage: Ethical obligations are the same for all and Duties and ethical obligations of my broker.

AND OBLIGATIONS OF THE BROKER Duty to verify When a broker’s client is an enterprise, the broker must check the enterprise register (https://www.registreentreprises.gouv.qc.ca/en) to fulfil his duty to verify.

► DUTIES...AND OBLIGATIONS OF THE BROKER   The broker must complete section 4.2 of...However, the seller will have to provide the information to the broker without delay.