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...Since the duty to verify the identity of the unrepresented party is ultimately the responsibility of the seller's broker in this situation, the latter
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
Amendment to the Real Estate Brokerage Act regarding double representation in residential real estate brokerage
The real estate broker's primary duty is to promote and protect the interests of his clients and to act...duties (except as provided in the insurance policy)....">What are the duties of the seller’s broker towards a buyer who requests to visit the property?
font-size:16px;">► DUTIES... For more information on the disclosure obligation, read the article Broker’s duty to disclose: An added protection.
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.
font-size:16px;">► DUTIES...AND OBLIGATIONS OF THE BROKER To ensure that their clients have access to the best possible information when making a purchase...decision, brokers are encouraged to refer their clients to a mortgage broker or their financial institution.
font-size:16px;">► DUTIES...AND OBLIGATIONS OF THE BROKER Water supply, wells and septic...tanks: duties and obligations of the broker
font-size:16px;">► DUTIES...AND OBLIGATIONS OF THE BROKER When a broker enters into a brokerage contract for the sale...The seller’s broker must inform his client that he is required to disclose this information to any prospective buyer.
Information and duty to collaborate A broker must collaborate with another broker upon request; he must provide all..., the broker generally issues a call for proposals.... Commercial real estate brokers. like residential real estate brokers, are governed by the
If a creditor accepts property in payment7 Suretyship attached to the performance of special duties...is terminated upon cessation of the duties....mortgage Mortgages and prior claims are the two real securities which will, depending on the circumstances, have an impact on the broker
He holds a certified real estate broker licence AEO with more than 30 years of experience in the commercial real estate field.... More specifically, she assumed duties in governance, ethics, strategic planning and as information officer....In addition to her professional duties, Ms.
">Duties on transfers of immovables Right of accession Another concept that is relevant to the broker’s work is
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.
style="margin: 0 0 0 20px;"> Duties on transfers of immovables
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
font-size:16px;">► DUTIES...AND OBLIGATIONS OF THE BROKER When drafting a brokerage contract to sell According to the broker’s ethical obligations,1 we recommend that the client consult his financial
It is important for the broker to know whether or not a mortgage entered in the Land Register has been cancelled....font-size:16px;">► DUTIES...AND OBLIGATIONS OF THE BROKER Rules surrounding the discharge of a mortgage
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.
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.
">Duties on transfers of immovables ► DUTIES
Brokers must be cautious when the property for sale is subject to municipal tax arrears, as this could hinder the completion of the transaction...Bureau de la publicité des droits The costs of the Bureau de la publicité des droits for the preparation of the collocation scheme Duties
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
Duty to advise Inspection
font-size:16px;">► DUTIES...font-size:16px;">► DUTIES...AND OBLIGATIONS OF THE BROKER The broker must verify the provisions relating to cannabis
Page 6 of 8