Search results for: "broker duties "
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Broker’s duty to disclose: An added protection
Broker’s duty to disclose: An added protection The real estate broker has the obligation to inform the parties engaged in a transaction...The seller must also be informed by his broker that he has an ethical obligation to disclose information to any interested buyer, or any broker representing...has ethical obligations under the Real Estate Brokerage Act, especially concerning his duty to advise and inform.
Duties and ethical obligations of my broker
Duties and ethical obligations of my broker The duties and obligations of the professionals who are licensed by the Organisme d’autoréglementation...duties and obligations.... Loyalty and representation The broker is bound by a duty of loyalty to his client.
What are the duties of the seller’s broker when I request to visit the property?
What are the duties of the seller’s broker when I request to visit the property?...However, if you were unable to reach your broker, upon your arrival, inform the seller’s broker that you are already represented by a broker... For more information Duties and ethical
Five things your broker must do or say
Your broker has a duty to show you all the properties that meet your criteria Buying or selling a home requires a lot of skills and technical...Your broker is a professional who has the duty to advise and inform The broker must show the accuracy of the information provided by relevant...Your broker is subject to a duty to disclose Your broker has access to a comprehensive network of seasoned professionals.
Contaminated soil, dry rot, radon, cannabis, etc.: How to protect yourself
Here are valuable tips to reduce the risk of legal action and make informed decisions, as well as details on the role and duties of the broker...This Act and its regulations impose various duties on your broker, including the duty to verify and disclose any information relevant to the transaction...">Tornadoes or other natural disasters: Your broker’s duties
Role of the agency executive officer
Delegation To meet his duty to oversee and supervise, the agency executive officer may delegate some of his duties to persons within...Furthermore, the delegation does not release agency licence holders and, where applicable, their administrators and executive officers, from their ethical duty...ccc;padding:5px 10px;"> Good to know Within an agency, many individuals can support the agency executive officer in his duties
New OACIQ promise to purchase forms in effect as of June 22, 2021
Broker's duty to recommend inspection and to inform the buyer about the risks of waiving an inspection.... The broker is not a building inspector....However, he has the duty to recommend that the buyer have a full inspection of the property performed by a professional or a building inspector who:
Water supply, wells and septic tanks
Water supply, wells and septic tanks: duties and obligations of the broker When a transaction concerns a property that is not serviced... These crucial verifications are an integral part of a broker’s duty to verify and advise, because they are factors that are relevant to the...This activity will help you familiarize yourself with the different types of systems and better fulfill your duty to advise and inform.
Brokers suspended for sending false documents
Broker’s duty to verify Your real estate broker must show the accuracy of the information he... Want to learn more on your broker’s duties and obligations?... Please read the following articles published by the OACIQ:
How to prevent radon from affecting your real estate transaction
This is when your real estate broker’s duty to advise makes perfect sense. What’s radon?... What are the broker’s duties and obligations towards the seller?... What are the duties and obligations of the broker towards the buyer?
Duty to verify
Section 5 of the Regulation respecting brokerage requirements, professional conduct of brokers and advertising (RBR) requires that the licensee.../p> Moreover, under paragraph 2 of section 11 of the Regulation respecting records, books and registers, trust accounting and inspection of brokers...In its decision, the Discipline Committee stated the following: "45] As a real estate professional, the broker's
Collaboration and remuneration sharing in a commercial context
Collaboration and remuneration sharing in commercial real estate All licence holders have a duty to collaborate... The commercial broker must also comply with his duty to collaborate with other licence holders while ensuring that no confidential,...another broker.
Natural disasters: Impacts on the Promise to purchase
Here are the answers to some questions you may ask in such a situation regarding the duties and obligations of your real estate broker.... Note that your broker has, among other things,
The OACIQ suspends the agency executive officers’ licence and imposes fines on agencies concerned
They will also serve as an example for brokers, agency executive officers or agencies.... For more details in this regard, read the article entitled The broker’s and agency executive officer’s duty to collaborate with the OACIQ.
Tips for a successful open house
If a person comes alone, don’t be surprised if your broker asks him if he is dealing with a broker, because the presence of the latter is recommended.... For more information, read
Guideline - Verification, Information and Advice
The duty to verify, inform and advise1 is at the very heart of the real estate broker's profession...However, the duties to verify, inform and advise are three separate duties. The aim of this guideline is to examine each of them....color:#696969;">1 Section 85 of the Regulation respecting brokerage requirements, professional conduct of brokers
Demonstrating a spirit of cooperation
In this regard, the Committee is right to insist on the importance of the duty to collaborate between agents....There is no doubt that the collaboration duty between agents, particularly between the listing agent and the collaborating agent, is paramount....A breach of this duty constitutes unfair and prejudicial conduct towards both the collaborating agent and this agent’s client.
What you need to know before buying a co-ownership property
Here is an overview of things to consider before buying a co-ownership property, your real estate broker’s professional duties and ethical obligations... Verifications and duties of the broker Did you know that buying a co-ownership property means accepting to be bound by a declaration... Under the Real Estate Brokerage Act, and in accordance with his advisory duties, your broker must help you obtain this essential information
The agency executive officer, a key resource to be more acquainted with
for ensuring that the agency brokers meet their duties and... If you experience a problem with your broker, for example when changing the broker assigned to your transaction, you may call upon his... Your broker is acting on his own account?
A suspended or revoked licence bars the holder from practicing
The agency to whom a brokerage contract has been entrusted must immediately notify the parties represented by the broker in writing that the broker is...He must also disclose his professional status according to the parameters indicated in the article entitled The agency’s and broker’s duty to disclose.
Disclosure of a suicide: the Superior Court confirms the usefulness of the declarations by the seller
When the broker learnt that a double suicide occurred in the immovable, he informed the seller of his ethical duty to disclose this information... For more information, please read the following article: Broker’s duty to disclose: An added protection.
First-Time Home Buyer Incentive of the Government of Canada and broker’s role
What are my real estate broker’s duties? Are you interested in the Government Incentive?...Under his duty to inform, your broker must inform you about the existence of this program and its obligations.... Your broker is acting on behalf of an agency?
Very low offer price: The obligations of brokers involved
Here are the duties of brokers involved in three common situations.... The seller’s broker The seller’s broker is subject to his contractual obligations.... The buyer's broker In the same vein, nor may the buyer’s broker who is bound by a brokerage contract to purchase fail to
Uninsured mortgages are now also subjected to a rate stress test
For a description of the terms and conditions related to the financing of a transaction, as well as the broker’s duties in this regard, read
The OACIQ unveils an all-digital guide for homebuyers
To help consumers who enlist the services of a real estate broker gain a better understanding of each step of their transaction through which they will...be guided by their broker, the OACIQ today unveils the all-new version of the
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