O.A.C.I.Q.

O.A.C.I.Q. protection mechanisms: An essential guide to protected purchasing.

Depuis le 10 juin 2022, une législation révolutionnaire sur le courtage immobilier au Québec est entrée en vigueur, transformant radicalement la manière dont les courtiers immobiliers s'engagent dans le processus d'achat de leurs clients. Cette nouvelle loi proscrit expressément aux courtiers immobiliers de représenter à la fois l'acheteur et le vendeur au cours d'une même transaction, considérée comme un conflit d'intérêts manifeste.

The Real Estate Brokerage Act offers solid legal protection, with various mechanisms put in place by the OACIQ.

Buying property is often one of the biggest financial transactions in a person’s lifetime. Given the complexity and high financial stakes involved, it’s vital that these transactions be conducted in a secure and transparent manner. In this respect, the Organisme d’autoréglementation du courtage immobilier du Québec (OACIQ) plays an indispensable role in consumer protection. In reading the guide to the resources offered by the OACIQ, I was impressed by the scope and relevance of the measures put in place, and I fully agree with the points made.

Info OACIQ

Acting as a first point of contact, Info OACIQ is essential in providing consumers and professionals with the information they need to navigate the complexities of the real estate market.

Assistance Department

The Public Assistance Department: Essential Protection. The existence of a service specifically dedicated to reporting offences is a pillar of confidence in the real estate sector.

The Syndic of the OACIQ

Integrity guarantor. The intervention of the Syndic's Office to investigate ethical misconduct is a measure I find particularly reassuring.

The discipline committee

Justice and fairness. The role of the Disciplinary Committee is undeniably essential. The possibility of imposing sanctions after a thorough investigation ensures that standards are also respected.

The Real Estate Indemnity Fund

Enhanced financial security. The Real Estate Indemnity Fund (FICI) and the O.A.C.I.Q play a crucial role in offering financial protection to consumers.

farciq

The Fonds d'assurance responsabilité professionnelle du courtage immobilier du Québec, LEARN MORE :

OACIQ Ombudsman

Ultimate appeal.

The existence of an ombudsman to review OACIQ decisions is further proof of the organization's commitment to treating all complaints fairly.

Conclusion

In short, the OACIQ has put in place a system of resources and supports that not only protects consumers, but also ensures the integrity of the Quebec real estate market. I fully support the OACIQ’s efforts, and recommend that all players in the real estate market familiarize themselves with these tools to better understand their rights and obligations. These protective mechanisms are the key to a safer, more transparent real estate market in Quebec. As a professional in the field, I appreciate and support the OACIQ’s ongoing efforts to make the real estate market not only more accessible, but also safer for everyone.

Source: OACIQ

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