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Acquisition of farm land by non-residents
">Duties on transfers of immovables
► DUTIES...AND OBLIGATIONS OF THE BROKER
A broker representing (or providing fair treatment to) a non-resident
Identification of the parties (BCS)
However, note that the other obligations and duties of a team leader and team members under the regulations are neither reduced nor changed as a result...The obligations and duties of other team members are in no way changed or reduced as a result of this power of attorney....Duties of team members
CONFIDENTIALITY — Whether they
What’s an exclusive brokerage contract?
The broker must check your identity and that of the other party if it is not represented by a broker....with another broker;
renew the contract with your broker....
Water supply, wells and septic tanks: duties
Definition and impact on the real estate broker's work
The existence of such a mortgage does not prevent the broker from accepting a brokerage contract to sell....font-size:16px;">► DUTIES...AND OBLIGATIONS OF THE BROKER
As part of the brokerage contract to sell, the broker
Sale under judicial authority
font-size:16px;">► DUTIES...AND OBLIGATIONS OF THE BROKER
Regardless of the method chosen by the mortgage creditor, it...>
In practice, it is often a bailiff who is responsible for the sale and who retains the services of a real estate broker
Residential rent-to-own demystified
You are advised to exercise caution before considering this type of transaction, and to discuss it with your broker....In such a case the broker must fulfill his duty to verify, inform and advise in the same manner as with any other real estate transaction....
To properly guide you, your broker must therefore be knowledgeable on the subject of residential leasing with option to purchase.
Income Tax on the sale by a non-resident of Canada
">Duties on transfers of immovables
► DUTIES...or non-resident of Canada, the broker should not express an opinion on this matter.
Excise Tax and Sales Tax
► DUTIES...AND OBLIGATIONS OF THE BROKER
The broker must complete section 4.2 of...However, the seller will have to provide the information to the broker without delay.
Down payment
It may be a good idea for the broker to remind the client that the size of the down payment has a major impact on the loan granted and other...font-size:16px;">► DUTIES...AND OBLIGATIONS OF THE BROKER
Brokers must advise their clients to consult a mortgage professional, who will be able to suggest
Refresher Training Program
’s responsibilities* (2 CEUs)
MCE 2017-2019 Purchase brokerage: Brokers working in residential real estate brokerage* (2 CEUs)...>The Brokerage contract – Sale (2 CEUs)
The Declarations by the seller of the immovable and the broker's duty to verify, inform and...duty to verify, inform and advise (2 CEUs)
The keeping of records and registers (2 CEUs)
How to use the online
Latest amendments to the REBA
Note that the broker's ethical duties...An information agent will be able to inform you about the duties and obligations of your broker and direct you to the appropriate resources, if applicable...Note that a broker's violation of ethical rules does not automatically result in monetary compensation for consumers.
Administrative Housing Tribunal
>
► DUTIES...AND OBLIGATIONS OF THE BROKER
The broker should suggest that the seller obtain the authorization...of the Administrative Housing Tribunal prior to signing a brokerage contract, in order to avoid creating unnecessary work for himself and for other brokers
Mortgage qualification
font-size:16px;">► DUTIES...AND OBLIGATIONS OF THE BROKER
Advise the client to consult lenders about this, as policies
Indicators
Otherwise, you could be found guilty of failing in your duty to carry out your activities diligently or of being complacent or wilfully blind....
Use of real estate brokers/agents/developers, lawyers or notaries, wittingly or unwittingly, to accept false personal or financial information
Seller financing and liability
font-size:16px;">► DUTIES...AND OBLIGATIONS OF THE BROKER
A broker representing a seller in this situation must advise his client to consult a professional
Collecting personal information
span style="color: rgb(73, 110, 143);">5.1 Principles to be respected
5.2 Duty...outline: 0px; transition-property: color, background-color;">Top of the page
5.2 Duty...
For example, the person in charge of managing this information, the listing broker, etc.
Total debt service (TDS)
font-size:16px;">► DUTIES...AND OBLIGATIONS OF THE BROKER
Since the TDS is greater than 40%, the client would...mortgage broker, lawyer, etc.) for personal financial advice.
Potential penalties
font-size:16px;">► DUTIES...AND OBLIGATIONS OF THE BROKER
When a seller wishes to terminate his mortgage contract before the...end of the term, the broker must advise his client seller to consult a mortgage professional to find out the exact amount of the penalty.
Preservation of agricultural land and agricultural activities
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► DUTIES...AND OBLIGATIONS OF THE BROKER
When a broker enters into a brokerage contract for the sale of an...
A broker representing (or providing fair treatment to) a buyer must ensure that the buyer is aware of the
For a smooth and secure real estate transaction
You may do business with a real estate broker, enlist the services of a real estate company or carry out the transaction on your own....mechanisms during a real estate transaction carried out by a broker....The latter must fulfil his duty to verify, inform and advise
Prepare to lease
Taking possession for purposes of administration
font-size:16px;">► DUTIES...;">It will not be possible for the broker to enter into a brokerage contract with the creditor administering the immovable or with its owner....The broker will have to wait until the mortgage right has been exercised.
When does this remedy terminate?
Home ownership programs
font-size:16px;">► DUTIES...AND OBLIGATIONS OF THE BROKER
To ensure that their clients have access to the best possible information when making a purchase...decision, brokers are encouraged to refer their clients to a mortgage broker or their financial institution.
Interprovincial Challenge Examination
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The role of the notary and lawyer (especially the role of the notary in a real estate transaction);
Transfer duties...:
An Act respecting duties on transfers of immovables (more specifically section 2)....
A: No, the Act provides that a real estate broker’s licence be issued to a natural person only.
Water tests
The broker must allow sufficient time to enable the buyer to fulfill this purchase condition within the deadline specified....font-size:16px;">► DUTIES...: Duties and obligations of the broker
General information - Characterization of property
">Duties on transfers of immovables
Characterization of property
A real estate broker needs to...1 The real estate broker must be aware of these distinctions in order to properly complete the section concerning inclusions and exclusions
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