Public articles
Regulatory amendments in residential and commercial real estate brokerage
Further to the adoption of Bill 141 in 2018, the Organisme d’autoréglementation du courtage immobilier du Québec (OACIQ), in collaboration with the Ministère des Finances, began work to update the regulations.
Following the usual regulatory adoption process, which included a consultation held by the government last August, the final regulations were published in the Gazette officielle du Québec on March 8, 2023 and came into force on March 23, 2023.
The OACIQ holds its first public exchange forum on real estate
Consumers are invited to attend the first Public Exchange Forum of the OACIQ. This first edition will be held on Sunday, March 26, from 1:00 pm to 4:00 pm, at its head office in Brossard.
Frequently asked questions - Self-Inspection
The mandatory self-inspection period covering brokerage activities carried out between January 1 and December 31, 2022, is now underway. All brokers acting on their own account and all agencies have until March 31, 2023, to complete the questionnaire and send the required documents.
What is the obligation to avoid placing oneself in a conflict of interest?
The OACIQ Discipline Committee has recently pointed out, in the decision Organisme d'autoréglementation du courtage immobilier du Québec v. Tardif, 2022 CanLII 101739 (QC OACIQ), the basis of the ethical obligation of real estate brokers to avoid placing themselves in a conflict of interest.
Upcoming changes to the taxation of profits from real estate flipping
As of January 1, 2023, the Government of Canada will correct the tax treatment of real estate flipping by amending the Income Tax Act.
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