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Using the "ecobroker” specialist title
In accordance with the Real Estate Brokerage Act, only the OACIQ can grant specialist titles....Therefore, any reference to an accreditation or "ecobroker" specialist title must be removed from your representations and advertising in all forms
Three ways in which the OACIQ protects you!
Under the Real Estate Brokerage Act, the OACIQ has several tools at its disposal to give you peace of mind before, during and after your transaction...The Training Department is constantly creating or approving training activities that keep pace with brokerage practices and the needs of consumers....This enables the OACIQ to ensure that all its professionals make adequate use of OACIQ forms and act in an ethical manner in line with their code of conduct
Water supply, wells and septic tanks
The requirements are as follows:
Regarding water drinkability
When taking up a brokerage...
In all cases the listing broker must complete and have the clients sign the form “Declarations by the seller of the immovable”....
Complete and have his clients sign the form “Declarations by the seller of the immovable”.
Promotion
As referrals are considered as a real estate brokerage act, the person receiving a gift could be sued for illegal brokerage practice....Moreover, it is recommended that "gifts" not be in the form of cash back. A gift certificate, for example, may be a preferable option....
Remember that licensees must ensure that the promotion offered is not considered as a form of illegal remuneration sharing.
OACIQ-FINTRAC cooperation agreement
Financing Act, reduce duplication of effort between the two organizations, and make the compliance burden easier for those working in real estate brokerage...com=Xela17fFtoyUttmpq%2fPRo5yhZbS%2b0ysublTHL9XHDI4%3d" target="_blank">form was also set up by the OACIQ....professionals governed by the Real Estate Brokerage Act.
Properly managing the changes affecting the broker or agency bound by a brokerage contract
These consequences are provided in the mandatory forms, including the Brokerage contract – Sale (exclusive or non-exclusive...) and the Exclusive brokerage contract - Purchase (BCP)....If the broker uses a contract “house” form, this must be checked to see what has been provided in this regard in case the client notice is not received
Residential rent-to-own demystified
This means that he must be very familiar and comply with the Real Estate Brokerage Act, the
Exclusive brokerage contract: can the broker authorize his client to offer the immovable for sale by himself?
Brokerage contract: Can the client offer the immovable for sale by himself?...The exclusivity of a brokerage contract concerns only brokers and agencies....If applicable, the broker will complete the required mandatory forms.
Duties and ethical obligations of my broker
Here is what you can expect from your OACIQ licensed professional throughout your transaction under the Real Estate Brokerage Act....He must inform you in writing and without delay, in accordance with the terms and conditions set out in the Real Estate Brokerage Act....In practice, your broker must explain and make sure that you fully understand all the clauses of the forms he is asking you to sign.
The importance for the parties of clearly understanding the promise to purchase
With your broker, take time to read the Promise to purchase form carefully as you complete it, and obtain a list of comparables before setting...new certificate if the previous certificate proves not to have been amended, in accordance with clause 10.3 of the various Promise to purchase forms...Your declarations entered in the brokerage contract should also appear on the promise to purchase.
The real estate broker acting as the client’s intermediary or mandatary
The real estate broker acting as the client’s intermediary or mandatary
Under section 2 of the OACIQ’s Regulation respecting brokerage...For a company, the power of attorney takes the form of a resolution granting its representative the necessary authorizations to carry out the transaction
OACIQ’s initiatives to tackle money laundering
tackle money laundering
The OACIQ has stepped up its efforts in recent years to combat fraud and money laundering in the real estate brokerage...www.bureaudelaconcurrence.gc.ca/eic/site/cb-bc.nsf/fra/01842.html">Fraud Prevention Forum
A mandatory training entitled Anti-money laundering in real estate brokerage...com=Xela17fFtoyUttmpq%2fPRo5yhZbS%2b0ysublTHL9XHDI4%3d" target="_blank">form;
Near 2,500 inspections in 2022 to ensure compliance with ethical
Privacy protection and consent principle
contract form)....It is therefore recommended to proceed in writing by means of an in-house form or by entering it in clause ''Other declarations and conditions'' of the...brokerage contract form.
Bill 16: The OACIQ proposes to oversee co-ownership and set out guidelines for building inspection
">Real Estate Brokerage Act, the OACIQ's unique mission is to protect consumers in their real estate transactions involving a residential,...register and various documents of co-ownership, in order to allow a consultation for the buyers or their representatives; and
implementing a form...professionals governed by the Real Estate Brokerage Act.
Conditions for using the OACIQ Register of Licence Holders
Act is to ensure the protection of the public in the area of real estate brokerage....
No brokerage transaction can be performed during the suspension period or if the licence is revoked....the Request for licence history or certificate form
Booming housing market: Over 14,000 brokers trained by the OACIQ to better protect the public
The training also covered the brokerage contract principles, compensation, recommended timelines, establishment of fair market value, documentation of...strong>Measures taken by the Ministry of Finance and the OACIQ to address the overheated housing market issues
New promise to purchase forms...professionals governed by the Real Estate Brokerage Act.
Setting the market value of an immovable and the terms of sale
In clause 4.1 of the brokerage contract, the licensee must indicate the total price requested in letters and numbers to avoid any ambiguity....
During the term of his brokerage contract, the licensee must advise and inform the seller so that the seller can adjust the price of the...contract, the seller wishes to amend the asking price or any other condition of sale, the Amendments form must be completed and signed by the
Ensuring fair and equitable marketing
Such instructions must be recorded in writing in the brokerage contract to sell....
In fact clause 6.2 of the various residential brokerage contract forms is clear:
“The AGENCY or the BROKER...shall begin the marketing of the IMMOVABLE and the performance of this brokerage contract only once the IMMOVABLE is listed on these services, unless
Municipality
To do so, licensees must first obtain the consent of the property owner, using the recommended form
OACIQ Ombudsman
To enable the Ombudsman to examine your request, your file must first have gone through all the steps set out in the Real Estate Brokerage...href="tel:18004407170">1-800-440-7170, ext. 8460
You may send the duly completed and signed "Review request" form by mail or email to "Ombudsman of the OACIQ."
What are the duties of the seller’s broker when I request to visit the property?
It is however in your interest to be informed of representation rules of brokerage licence holders....accuracy of the information provided to you;
inform you of any adverse factors affecting the property;
complete the forms...In order for a broker to represent you and protect and promote your interests, you must sign a written brokerage contract with him or her.
Broker licence status: suspension, revocation, conditions and restrictions
acts:
Signing brokerage transaction documents
Using OACIQ brokerage forms
Being...maintain his acquired rights for an additional year by following the applicable procedure (via the acquired rights Online Checkout or by completing the form...Licence application for the maintenance
Brokerage licence categories
Brokerage licence categories
2.1 Brokerage licence categories ...
To do so, the licence holder must complete the form
Ceasing of activities by a real estate agency or a broker acting on his own account
A broker acting on his own account who wishes to act on behalf of an agency must fill out the form
Guideline - Complaint management
In real estate brokerage practice, a complaint is the expression of dissatisfaction with the service or behaviour...
It can take the form of a denunciation, alleged violation, formal demand, or even legal proceedings.
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