In real estate brokerage, compliance refers to licensees' adherence to the Real Estate Brokerage Act (REBA) and its regulations.

Compliance is not optional. Every real estate broker, agency executive officer and real estate agency, regardless of the latter's size, including its directors and employees, must act in accordance with the requirements of the REBA, in both the residential and commercial real estate brokerage fields.

It is the responsibility of the agency licence holders and, if applicable, their directors and executive officers, to ensure that the licensees representing them comply with the REBA and its regulations. By showing a clear, ongoing and unequivocal determination to ensure compliance, they convey that violations of the REBA are in no way acceptable or tolerated.

 

WHY A GUIDELINE?

This is a reference tool on which your decisions can be based, especially in terms of compliance. This guideline clarifies the OACIQ’s expectations and sets out proper practices to ensure licensee compliance. It helps agency executive officers and real estate agencies to develop a comprehensive and effective compliance program.

How to navigate in this tool?

Click on the different themes presented below.

You will find explanations that will provide you with reliable tools to meet your obligations.

As this is an evolving tool, add this page to your favourites and visit it often!

Last updated on: April 05, 2022
Numéro d'article: 208931