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

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

Real Estate Brokerage Act

The Real Estate Brokerage Act's primary objective is to protect the public. To that end, it sets out 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.

Québec 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 overseeing the practice of all real estate professionals. It is responsible for administering the examination that leads to the issuance of a certificate of practice, and ensures that brokers continue their activities in accordance with the law and regulations in force. 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 that a problem arises in the course of a real estate transaction, whether it involves fraud, dishonest dealing, or misappropriation of funds or property. For more information, visit the www.indemnisation.org.

Professional liability insurance

The professional liability insurance to which real estate brokers must subscribe provides additional financial protection to consumers in the event of fault, error, negligence, or omission. This insurance covers civil claims and civil lawsuits.