Public articles
Topics of interest to AEOs
Topics, presented in a question-and-answer format that all agency executive officers should know to run an agency.
What you need to know before buying a co-ownership property
Co-ownership has many appeals, including affordable cost and reduced maintenance.
Inclusions and exclusions as part of a sale
“I just moved in and – surprise! – the beautifully appointed walk-in closet is now an empty space. Should the shelves have been included?"
Latent defect is a very unpleasant surprise for both the buyer and the seller!
A latent defect is an unapparent problem that existed at the time of purchase, but you have not been informed about it; and it is so serious that you would probably not have bought the property or would have asked for a price reduction.
Flooding: Here’s a kit to protect the public in future transactions
Following the recent flooding, the OACIQ has designed an information kit for you.
Transaction involving a flooded property: Three things to know
Experiencing a flooding is painful. Due to stress and urgency, an affected homeowner may forget to take certain precautions that could be of great importance during a potential sale.
Is the electronic signature secure?
Are you preparing to sign a form electronically during a real estate transaction? Fast, effective and secure, the electronic signature has the merit of saving time for all parties when used correctly.
Promoting one’s services: Reminder of rules to follow
The Public Assistance Department noted an increase in the number of requests for assistance received regarding advertising of agencies or brokers who offer money or gifts to people who find a buyer, seller or an owner wishing to refinance his property. In this regard, we deem it necessary to point out certain rules.
When to recommend the consultation of an expert
The real estate brokerage practice brings its share of complex situations that may adversely affect the rights and obligations of the parties. This is why each broker must take into account his or her abilities and limits of knowledge, and recommend the consultation of a recognized expert when the protection of interests of one of the parties to a transaction so requires.
The advantage of being part of a professional network
During a real estate, don’t hesitate to seek help from seasoned professionals. If you do business with a broker duly authorized by the OACIQ, he will provide you with a list of trustworthy people to assist you at every step of your transaction.
Your training list: Relevant information for consumers
Did you know that the Register of licence holders does not only enable consumers to check if you are a licence holder, but it also lists the training activities you completed?
Am I entitled to remuneration when I become a lessee, a buyer or a borrower?
The answer is no. You are not entitled to any remuneration when you:
- become a lessee;
- purchase an immovable or an enterprise;
- take out a mortgage loan; or
- renew your mortgage.
Reporting is important!
Keeping your record up-to-date is not only very useful for the Organization, but is a professional obligation set out in the Act to protect the public.
The right of undivided co-owners to exclude a potential buyer
A real estate broker or agency entrusted with the sale of a co-owner’s share in an undivided co-ownership property must know that the other co-owners have the right to exclude a potential buyer.
Sale of an undivided co-ownership property: Attention to the right of the other co-owners
You want to sell or buy a share of an immovable held in undivided co-ownership? Did you know that the other co-owners have precedence over a potential buyer?
Co-ownership: Gross or net area: How to find your way through
You notice differences between the area of your condominium in the promotional document and the one indicated in the description sheet or the cadastral plan? These discrepancies can be explained.
An inspection protects you
Thinking of buying a property? The OACIQ strongly recommends that you have it inspected prior to purchase. Here are the main steps of this process.
Identifying and reporting illegal brokerage
Do you know what does “illegal practice” mean? It is when someone leads you to believe that he is authorized to act as a real estate broker, while he does not hold a valid licence issued by the OACIQ. In Québec, all real estate brokers and agencies must hold a valid licence to practice.
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