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A professional authorized by “l’Organisme d’autoréglementation du courtage immobilier du Québec" (OACIQ) - the Québec Real Estate Brokerage Self-Regulating Body - to act personally as an intermediary for the purchase, sale, exchange or leasing of real estate property. He can act on his own account or for a real estate agency. He holds a permit issued by the OACIQ, the real estate and hypothecary brokerage authority in Québec. This body’s primary mission is to protect and assist the public by overseeing sound practices on the part of real estate whose activities are governed by the Real-Estate Brokerage Act.
26/09/2024
I am in the process of buying a condo, and I want to make sure I make an informed decision. I understand that many of the essential documents needed to properly assess the potential purchase are found in the co-ownership register. I don’t want to end up with unpleasant surprises…...
15/07/2024
Divided co-ownership offers numerous financial and practical advantages that make these properties an attractive option for many buyers, from their lower purchase price in comparison to a single-family home to their well-defined management framework. Are you one of these potential buyers? Would you like to learn more about the process…...
05/04/2024
On Wednesday April 10, 2024, from 7:00 p.m. to 8:00 p.m., we gathered for a Condolegal webradio where we dealt with issues relating to co-ownership transactions, a notable challenge in the residential real estate sector....
11/03/2024
During the sale of an apartment, we, as directors, often have to complete and provide documents to notaries and real estate brokers. Clearly, we understand that the goal is to properly inform the prospective buyer about various aspects of their purchase. We also understand that this process aims to ensure…...
09/03/2024
As the president of the board of directors, I received a request from a real estate broker seeking full access to our contingency fund study and the building's maintenance log. This latter document compiles detailed information on maintenance procedures and work carried out in the building. These documents have never…...
17/12/2023
December 17, 2023 — In a judgment of the Court of Québec, the Honourable Louise Lévesque recalled the respective duties of a real estate broker and a notary during a transaction involving parking spaces in a divided co-ownership. First of all, it should be remembered that the legal status of…...
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13/12/2023
Buying an apartment in a co-ownership is a major investment in a lifetime. In order to avoid being caught off guard during the steps prior to this acquisition, you will need to be well accompanied. After finding the apartment, the first thing to do is to appreciate the condition of…...
06/12/2023
Seeking the services of a real-estate broker, who was formerly referred to as a real estate agent, is not mandatory. However, unless you are able to assume the purchase and / or sale of a fraction of a building held in divided co-ownership by yourself, which will require ample time as…...
04/12/2023
The offer to purchase usually indicates a period during which the seller can accept or refuse it. It is essential to attach a period of acceptance and notification to the offer to purchase. This period is equivalent to the period of time during which this offer to purchase will remain…...
02/12/2023
Once the apartment of your dreams in your price range found, the next step is to make an offer to purchase, either verbally or in writing. Although the verbal option is legally valid, it is better to formalize it in writing. L’Organisme d’autoréglementation du courtage immobilier du Québec (OACIQ) (the…...
14/11/2023
The web radio of November 15, 2023 focused on the challenges surrounding buying and selling in co-ownership. Remember that article 1068.1 of the Civil Code of Québec, resulting from Bill 16, will in the near future require greater transparency during a co-ownership transaction. The attestation document provided for in this article will…...
13/03/2023
9 mars 2023 - Une des étapes importantes lors d’une transaction immobilière est évidemment l’inspection en bâtiment. Plusieurs personnes y ont intérêt mais aucune plus qu’un acheteur. Après l’inspection, l’acheteur reçoit le bilan de santé de l’immeuble qu’il projette d’acquérir. Regardons maintenant qui fait quoi et le cadre applicable....
30/01/2023
January 27, 2023 – In the summer of 2022, the Government of Quebec not only banned dual representation but since then also requires a broker who accompanies a buyer without a contract, to denounce him with more transparency that he does not represent him and that rather, he represents only the…...
09/08/2022
I want to know how the condo fees (common expenses) appearing in the ads of real estate agencies are established. These are not constant and put a doubt in the minds of those who want to buy in condominiums. Question: Is there a uniform directive in real estate agencies in…...
14/11/2021
Le mercredi 10 novembre 2021, la Webradio de Condolegal.com était entièrement dédiée à un sujet complexe : l'achat en copropriété. L'Association professionnelle des courtiers immobiliers du Québec publiait en octobre 2021 des données indiquant une hausse significative du nombre de ventes de copropriétés (+ 13%) ainsi que du prix médian (+ 21%)…...
09/08/2022
A recent judgment of the Court of Québec, Small Claims Division, sanctioned a company and one of its directors, who also acted as real estate broker, for not allowing buyers to adequately understand an important aspect of the property sold. The building, built in 1938, had undergone major renovations for a…...
13/12/2010
To allow you to know exactly what you are purchasing, your vendor must act in good faith at all times. In this regard, Article 1375 of the Civil Code of Quebec imposes a true moral code to the parties. It provides that: “The parties shall conduct themselves in good faith…...