OACIQ FINAL EXAM 2025
LATEST NEWEST UPDATE
WITH ACTUAL QUESTIONS AND
DETAILED VERIFIED ANSWERS
WITH RATIONALES (100%
CORRECT) //BRAND NEW!!
/ALREADY GRADED A+ WITH
GUARANTEED SUCCESS AFTER
DOWNLOAD (ALL YOU NEED TO
PASS YOUR EXAMS
What are the conditions for a person or corporation to be subject to the Real Estate Brokerage
Act?
Any person or cooperation that, for otters in return for remuneration engages in a brokerage
transaction is subject to REBA.
,If Kiki who is a licensed broker wanted to rent out her best friend's condo units 1,2,3,4,5 but
since she doesn't have to use her license she would like to negotiate the lease in a personal
capacity, is she allowed? And can Kiki accept any offers?
No because every single license holder is subject to the REBA and its regulation. Leasing is
an act of the brokerage and must be carried out with brokerage contracts. And yes Kikic can
accept offers provided her lease agreements are executed with a Real Estate brokerage
license, and have to use the OACIQ brokerage contract.
List 7 power of that OACIQ has
1. Act as conciliators, mediator and Arbitrate
2. Stop advertisement
3. Make a search
4. Refuse, suspends or revoke a license
5. Regulate Reba
6. Determine specialist title
7. establish an insurance fund
What are the OACIQ missions and ancillary missions
Their main missions is too protect the public in real easte brokerage transactions.
Their ancilary missions are to disoense training courses and to advise the quebec fiance
minister who is responsible fore REBA
What is the FARCIQ
Fond d'assurance responsabilite des courtiers immobilier du quebec
- Organization that offers professional liability coverage for all real estate agencies, and real
estate and mortgage brokers in Quebec
- Honest mistakes
What are the annual fees for brokers based on and when do you pay them ?
May 1st each year based on rate increase in the general consumer price index for Canada
What is the order process to making a complaint
- Make a complaint ( dismiss or )
- Goes to assistance department ( first review and decision on complaint ) ( dismiss or
proceed )
,- Syndic( can conduct investigation - inspection committee ) ( decide whether to forward to a
disciplinary committee or dismiss )
- Syndic review committee ( review what syndic dismisses and maybe send it to DC or
dismiss it )
- DC ( Administration housing tribunal, act as court )
- DC process - decisions include
- Dismiss the case
- Find the broker guilty and sanction them
- Foward the fine of a minimum of 2000$
- Dismiss
Court of appeal
What is Real Estate Indemnity Fund ( FICI )
Dedicated to the payment of indemnities to victims of fraud, fraudulent tactic or
misappropriation of funds for which a license holder is responsible. managed by OACIQ
What law created OACIQ
Reba
What situation can DC intervein
When broker an agency goes against Reba
What is the role of syndic
To investigate, on the advice of the assistance department, any allegation of the breach of
Reba by broker or agency
What penalties can you be penalized with if found guilty by DC or court of appeal
- Reprimand
- suspension or revocation
- A fine of not less than 2000$
- Surrender of any documents or information
- Obligation to delete or destroy or update or any documents
, What are the requirements for a brokers license
-Be at least 18 years old
-Have Canadian citizenship
-Proven that you can speak French
-Having completed training program recognized by OACIQ
-Paid any required fees
What are a brokers obligation
Brokers to OACIQ is immediately forward any change, update or document concerning them,
as required Reba
Under what conditions can a person or company outside of Quebec engage in brokerage
activities
what is self management
self management means the co-owners manage the property, although it is also possible to
hire an external company to manage the co-ownership
Immovable property is divided into four subcategories what are they?
immovable property by Nature
by attachment or by jointer
by the object to which they are attached
by determination of law
What is the procedure for obtaining all the details on a property that a client wishes to sell?
First, consult the line register where all transactions related to the property in questions are
recorded. then there is certain information that only the owner knows. you must therefore ask
your client and exhaustive list of questions so you can complete the Declaration by the seller
as well as the cell sheet
What are the 7 regulations of Reba
LATEST NEWEST UPDATE
WITH ACTUAL QUESTIONS AND
DETAILED VERIFIED ANSWERS
WITH RATIONALES (100%
CORRECT) //BRAND NEW!!
/ALREADY GRADED A+ WITH
GUARANTEED SUCCESS AFTER
DOWNLOAD (ALL YOU NEED TO
PASS YOUR EXAMS
What are the conditions for a person or corporation to be subject to the Real Estate Brokerage
Act?
Any person or cooperation that, for otters in return for remuneration engages in a brokerage
transaction is subject to REBA.
,If Kiki who is a licensed broker wanted to rent out her best friend's condo units 1,2,3,4,5 but
since she doesn't have to use her license she would like to negotiate the lease in a personal
capacity, is she allowed? And can Kiki accept any offers?
No because every single license holder is subject to the REBA and its regulation. Leasing is
an act of the brokerage and must be carried out with brokerage contracts. And yes Kikic can
accept offers provided her lease agreements are executed with a Real Estate brokerage
license, and have to use the OACIQ brokerage contract.
List 7 power of that OACIQ has
1. Act as conciliators, mediator and Arbitrate
2. Stop advertisement
3. Make a search
4. Refuse, suspends or revoke a license
5. Regulate Reba
6. Determine specialist title
7. establish an insurance fund
What are the OACIQ missions and ancillary missions
Their main missions is too protect the public in real easte brokerage transactions.
Their ancilary missions are to disoense training courses and to advise the quebec fiance
minister who is responsible fore REBA
What is the FARCIQ
Fond d'assurance responsabilite des courtiers immobilier du quebec
- Organization that offers professional liability coverage for all real estate agencies, and real
estate and mortgage brokers in Quebec
- Honest mistakes
What are the annual fees for brokers based on and when do you pay them ?
May 1st each year based on rate increase in the general consumer price index for Canada
What is the order process to making a complaint
- Make a complaint ( dismiss or )
- Goes to assistance department ( first review and decision on complaint ) ( dismiss or
proceed )
,- Syndic( can conduct investigation - inspection committee ) ( decide whether to forward to a
disciplinary committee or dismiss )
- Syndic review committee ( review what syndic dismisses and maybe send it to DC or
dismiss it )
- DC ( Administration housing tribunal, act as court )
- DC process - decisions include
- Dismiss the case
- Find the broker guilty and sanction them
- Foward the fine of a minimum of 2000$
- Dismiss
Court of appeal
What is Real Estate Indemnity Fund ( FICI )
Dedicated to the payment of indemnities to victims of fraud, fraudulent tactic or
misappropriation of funds for which a license holder is responsible. managed by OACIQ
What law created OACIQ
Reba
What situation can DC intervein
When broker an agency goes against Reba
What is the role of syndic
To investigate, on the advice of the assistance department, any allegation of the breach of
Reba by broker or agency
What penalties can you be penalized with if found guilty by DC or court of appeal
- Reprimand
- suspension or revocation
- A fine of not less than 2000$
- Surrender of any documents or information
- Obligation to delete or destroy or update or any documents
, What are the requirements for a brokers license
-Be at least 18 years old
-Have Canadian citizenship
-Proven that you can speak French
-Having completed training program recognized by OACIQ
-Paid any required fees
What are a brokers obligation
Brokers to OACIQ is immediately forward any change, update or document concerning them,
as required Reba
Under what conditions can a person or company outside of Quebec engage in brokerage
activities
what is self management
self management means the co-owners manage the property, although it is also possible to
hire an external company to manage the co-ownership
Immovable property is divided into four subcategories what are they?
immovable property by Nature
by attachment or by jointer
by the object to which they are attached
by determination of law
What is the procedure for obtaining all the details on a property that a client wishes to sell?
First, consult the line register where all transactions related to the property in questions are
recorded. then there is certain information that only the owner knows. you must therefore ask
your client and exhaustive list of questions so you can complete the Declaration by the seller
as well as the cell sheet
What are the 7 regulations of Reba
