by Jennifer Lynn Walker | Feb 14, 2006 | Working with Brokers
Professional liability insurance offers additional protection to consumers who are victims of a fault, error, negligence or omission on the part of the broker or agent in the course of his professional activities. The insurance coverage is at least $100,000 per claim,...
by Jennifer Lynn Walker | Feb 14, 2006 | Working with Brokers
Any broker or agent who does not act in accordance with the Act and the regulations governing the profession could be summoned to appear before the Association’s Discipline Committee, which has the authority to impose fines, suspend violators or even revoke their...
by Jennifer Lynn Walker | Feb 14, 2006 | Working with Brokers
All real estate brokers and agents in Québec must hold a certificate of practice issued by the Association. Candidates to the profession must first take a college-level course in real estate brokerage, then pass the Association’ s entrance examination. This procedure...
by Jennifer Lynn Walker | Feb 14, 2006 | Working with Brokers
Organisme d’autoréglementation du courtage immobilier du Québec(OACIQ) is the body responsible for overseeing real estate brokerage in Québec. Its mission is to protect the public by supervising the professional activities of all real estate brokers and agents...
by Jennifer Lynn Walker | Feb 14, 2006 | Working with Brokers
When the seller of a residential immovable with less than five dwellings chooses to deal through a real estate broker or agent, he must sign a brokerage contract.This agreement gives the broker the right to act as the exclusive or non-exclusive intermediary for a...
by Jennifer Lynn Walker | Feb 14, 2006 | Working with Brokers
The real estate broker or agent is bound by a strict obligation of fairness and faithfulness to his customers, whose rights he is bound to promote and protect. Thus, any compensation agreement to the benefit of a broker or an agent which could place him in a conflict...
by Jennifer Lynn Walker | Feb 14, 2006 | Working with Brokers
All real estate brokers and agents practicing in Québec must hold a certificate issued by the Organisme d’autoréglementation du courtage immobilier du Québec (OACIQ), whose main mission is to protect the public by supervising the professional practice of its...
by Jennifer Lynn Walker | Feb 14, 2006 | Working with Brokers
In Quebec, any real estate brokerage transaction must be carried out by a certified real estate broker or agent (one who holds a certificate to practice issued by the ACAIQ).A contravention of this rule constitutes a violation under the Real Estate Brokerage Act and...
by Jennifer Lynn Walker | Jan 27, 2006 | Working with Brokers
Because real estate is complex and considerable amounts of money are involved. Thanks to professional status of agents, they can guide you throughout this important transaction and prevent you from making costly mistakes. Here are a few good reasons why: Professional...
by Jennifer Lynn Walker | Jan 27, 2006 | Working with Brokers
WHY HIRE A REAL ESTATE BROKER? The Greater Montréal Real Estate Board members are there to give you a hand! Selling a property often rhymes with legal, financial and commercial complexities. You can always count on an agent’s or a broker’s expertise to go through the...
