Public articles

Regulatory amendments in residential and commercial real estate brokerage

Further to the adoption of Bill 141 in 2018, the Organisme d’autoréglementation du courtage immobilier du Québec (OACIQ), in collaboration with the Ministère des Finances, began work to update the regulations.

Following the usual regulatory adoption process, which included a consultation held by the government last August, the final regulations were published in the Gazette officielle du Québec on March 8, 2023 and came into force on March 23, 2023.

The OACIQ holds its first public exchange forum on real estate

Consumers are invited to attend the first Public Exchange Forum of the OACIQ. This first edition will be held on Sunday, March 26, from 1:00 pm to 4:00 pm, at its head office in Brossard.

Le Comité de discipline révoque et suspend le permis de Francis Vallée

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Duty to inform

Land Register

Duty to verify

Adverse factors

Setting the market value of an immovable and the terms of sale

Municipality

The legal warranty of ownership and quality

Specific cases relating to the history of the immovable

Information on the immovable

Guideline - Verification, Information and Advice

Certificate of location

Duty to advise

Upcoming changes to the taxation of profits from real estate flipping

As of January 1, 2023, the Government of Canada will correct the tax treatment of real estate flipping by amending the Income Tax Act.

Keeping of records and registers

Preservation, use and destruction of registers and records

Keeping of trust accounts

Duty to supervise of the agency and its executive officer