OACIQ CERTIFICATION TEST PAPER 2026 QUESTIONS AND SOLUTIONS GRADED A+ COMPLETE

OACIQ CERTIFICATION TEST PAPER 2026
QUESTIONS AND SOLUTIONS GRADED A+
COMPLETE

●● Who supervises brokers within a brokerage?.
Answer: Agency executive officer (AEO)


●● What is the role of the AEO?.
Answer: Supervise brokerage operations and compliance


●● What must a brokerage maintain for financial transactions?.
Answer: A trust account


●● What is a trust account used for?.
Answer: Hold client funds securely


●● Can client funds be mixed with brokerage funds?.
Answer: No


●● What is commingling?.
Answer: Mixing client funds with brokerage funds

, ●● Is commingling allowed?.
Answer: No


●● What must happen when deposit is received?.
Answer: It must be placed in trust account


●● What document confirms deposit handling?.
Answer: Receipt or trust record


●● What must broker maintain regarding documents?.
Answer: Complete transaction records


●● Why must records be maintained?.
Answer: For legal compliance and verification


●● Who regulates real estate brokerage in Québec?.
Answer: OACIQ


●● What is brokerage advertising?.
Answer: Public promotion of services or properties