First-Time Home Buyer Incentive: Are you thinking of buying and financing a first residential property? This program may help you reduce your mortgage payments without additional outlays for the down payment.
Pyrite issues have been identified in cities of the Greater Montreal area. The OACIQ urges real estate brokers to inform their clients of the problems related to pyrite and to recommend the specific actions described below.
If the seller may no longer wish to sell his immovable during the term of an irrevocable exclusive brokerage contract, your broker may, after agreement, put an end to the contract (termination). If there is no agreement, he must take the property off the market.
Study of Bill 16: The OACIQ is excited about the government's openness to oversee co-ownership property managers
The OACIQ is following with great interest the work of the Committee on Planning and the Public Domain on Bill 16 for the purpose, among other things, of regulating divided co-ownership.
Social media: these digital sharing and distribution platforms are used more and more by real estate brokers and agencies. Here are the rules of conductwhich the OACIQ is responsible for enforcing under the Real Estate Brokerage Act, for your protection.
When the owner of a residential immovable chooses to sell through a real estate broker, he must sign a brokerage contract. The same applies to the buyer if the broker wishes to ask him for compensation and to the lessor concerning lease matters.
Signing a brokerage contract is an act that should be taken seriously. This is why you may, under certain conditions, terminate any contract signed between you and a real estate broker to sell, buy, lease or exchange a residential property. This is called the right to cancel.
The OACIQ publishes Trust in action – Highlights 2018 which presents the various actions taken by the Organization over the past year to fulfill the important mission entrusted to it by the Government of Quebec–to protect consumers.
Appearing before a parliamentary committee today to present its comments on Bill 16, the OACIQ reiterates its support for the government's desire to better regulate divided co-ownership and building inspection
The OACIQ has just suspended the licence of 106 brokers who have not completed their Mandatory Continuing Education Program.
The measures set out in Bill 16 are an excellent basis for discussion concerning building inspection and divided co-ownership. The OACIQ intends to actively participate in the enhancement of what is proposed in order to establish safer guidelines for the public.
Fraud Prevention Month: Once again the OACIQ undertakes to closely monitor illegal brokerage schemes
In this fraud prevention month, the OACIQ reiterates its commitment to closely monitor real estate fraudulent practices, especially illegal brokerage activities, and invites consumers to take some precautions.
Whether you are looking to buy or sell a property, the real estate broker’s compensation can be negotiated–commission or percentage, lump sum, hourly rate. The OACIQ supervised broker must clearly explain to you what his contract with you implies.
Building inspection: the OACIQ calls on consumers to be cautious and reiterates the importance of overseeing this industry
As a regulator, the OACIQ reiterates its position in favour of stricter supervision of building inspection and calls on consumers to be cautious when choosing their inspector.
The agency executive officer is responsible for ensuring that the agency brokers meet their duties and obligations. If you experience a problem with your broker, you may call upon him.
When selling an immovable, whether you're a seller or buyer, you should not take for granted that the stove, fireplace or chimney of the immovable meets the current standards of both the insurer and the municipality. Hence the importance of an appropriate verification.
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