Consumer protection when it comes to real estate
19 Oct 2018
The OACIQ’s mandate is to protect the public by regulating and overseeing the training and continuing education received by real estate professionals. The OACIQ ensures that all brokers understand and respect the law as well as their professional and ethical duties and obligations.
“When the public deals with a broker for the purchase or sale of a property, they’re protected by the Real Estate Brokerage Act, which the OACIQ enforces,” Lindsay said.
As much as the public benefits from the OACIQ’s services, brokers’ lives are also made easier thanks to the organization’s regulations and guidelines.
“The majority of all real estate and mortgage transactions with a broker in Quebec go very smoothly,” Lindsay said. “In the event that the transaction is less successful, several protection mechanisms are provided for in the Real Estate Brokerage Act.”
Addressing your concerns
If you have concerns about the services you’re receiving, the Info OACIQ information centre is the first place to contact for any questions related to a real estate or mortgage transaction involving a broker. Depending on the situation, callers will be directed to any number of resources available through the centre.
