With a real estate broker, you're well protected!

Doing business with a real estate broker ensures you are protected by law. Indeed, the Real Estate Brokerage Act as well as various bodies regulate the real estate brokerage profession so that consumers are served fairly and competently. You thus have the assurance of being served by a highly qualified and well-regulated professional.

Real Estate Brokerage Act

The Real Estate Brokerage Act's main objective is to protect the public. To this end, it provides certain rules relating to the brokerage contract binding the broker and the client who wishes to sell their property. These rules are analogous to certain rules of the Consumer Protection Act.

Quebec Real Estate Brokerage Self-Regulatory Organization

Created by the Real Estate Brokerage Act, the Quebec Real Estate Brokerage Self-Regulatory Organization (OACIQ) has the mission of protecting the public by supervising the practice of all real estate professionals. It is responsible for administering the exam that leads to the issuance of a practice certificate, and ensures that brokers and brokerages conduct their activities in accordance with the law and with applicable regulations. For more information, visit the www.oaciq.com.

Real Estate Brokerage Indemnity Fund

Each real estate broker contributes to the Real Estate Brokerage Indemnity Fund. The Fund has the power to compensate the consumer in the event a problem occurs in the context of a real estate transaction, whether it is fraud, dishonest operation or misappropriation of funds or property. For more information, visit the www.indemnisation.org.

Professional liability insurance

Professional liability insurance to which real estate brokers must subscribe provides additional financial protection to consumers in case of fault, error, negligence, or omission. This insurance covers civil claims and civil proceedings.