OACIQ Actual Exam/ OACIQ Actual Exam Preparation /OACIQ Practice Exam
OACIQ ACTUAL EXAM/ OACIQ ACTUAL EXAM PREPARATION
/OACIQ PRACTICE EXAM NEWEST 2025/2026 COMPLETE
QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |BRAND NEW VERSION!!
Company sells immovable? Who signs?
-the name of the seller is the name of the company
-the name of the representative is the person authorized to sell and is listed in
the Resolution of the Company.
BCS and DS - Which should you complete first?
Always complete the DS first!
You then Annex the DS to BCS.
Importance of a Declaration of the Seller?
-Mandatory form
-Seller must declare everything he knows about the property or he could become
responsible/liable for damages/defects found.
-Protects seller from hidden defect accusations
-Protects buyer in buying process and pricing decisions
-Protects broker by disclosing all proper information, due diligence, must verify
everything!
-
DS - Clause D 2.6. - What to include in D14 section?
Immovable affected by:
-hypothecs : include bank info and hypothec registry #
1|Page
, OACIQ Actual Exam/ OACIQ Actual Exam Preparation /OACIQ Practice Exam
-servitudes: include registry # and description
-other real rights: right of way, cultural property, etc.
*Servitudes only count if published and have a #.
-verify deed of sale, deed of loan, certificate of location
Declarations in D.14 must be explained and all related documents attached.
How do you confirm the ownership of a Seller?
You need to verify the Deed of Sale, which should be a notarized copy that the
Seller provides you.
Advise client to get one if he doesn't have one.
Where can you find information about the Owner?
1. Deed of Sale
2. Land Register:
-Index of Immovables (need cadastral #)
-Municipal tax bills
Two types of contracts
Contract for Services: brokerage contracts
Consumer Contract: contracts if seller is a natural person selling on behalf of a
company.
If a seller is represented, what 4 options are there?
1. Natural person (co-owner)
2. Mandatary - Need power of attorney/mandate
3. Succession - Declaration of transmission, liquidator, legatees or legal heirs
4. Corporation/Company - Resolution of the Company
Terms to use in brokerage contracts and clauses?
2|Page
, OACIQ Actual Exam/ OACIQ Actual Exam Preparation /OACIQ Practice Exam
Agency
Broker
Seller
Buyer
What address to use for each case scenario?
Single seller - principal address
Co-owners - principal residence of both
Mandatary - address of both mandator + mandatary
Succession - address of liquidator
Legal person - place of business + address of representative
Object + term of contract? How long?
Usually 60 days (2mo)
-Can make contract irrevocable (include clause in 11.1 of BCS)
-Client has 3 days to cancel BCS and only after receivterm-5ing a copy of signed
contract.
3 Day retraction rules:
-Date of signature never counts
-following 2 days count
-3rd day counts unless falls on: weekend (sat, sun) or
stat holiday
What do you need to describe an immovable?
-Deed of sale
-Certificate of location/dimensions/need cadastral #
-Municipal tax bills
3|Page
OACIQ ACTUAL EXAM/ OACIQ ACTUAL EXAM PREPARATION
/OACIQ PRACTICE EXAM NEWEST 2025/2026 COMPLETE
QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |BRAND NEW VERSION!!
Company sells immovable? Who signs?
-the name of the seller is the name of the company
-the name of the representative is the person authorized to sell and is listed in
the Resolution of the Company.
BCS and DS - Which should you complete first?
Always complete the DS first!
You then Annex the DS to BCS.
Importance of a Declaration of the Seller?
-Mandatory form
-Seller must declare everything he knows about the property or he could become
responsible/liable for damages/defects found.
-Protects seller from hidden defect accusations
-Protects buyer in buying process and pricing decisions
-Protects broker by disclosing all proper information, due diligence, must verify
everything!
-
DS - Clause D 2.6. - What to include in D14 section?
Immovable affected by:
-hypothecs : include bank info and hypothec registry #
1|Page
, OACIQ Actual Exam/ OACIQ Actual Exam Preparation /OACIQ Practice Exam
-servitudes: include registry # and description
-other real rights: right of way, cultural property, etc.
*Servitudes only count if published and have a #.
-verify deed of sale, deed of loan, certificate of location
Declarations in D.14 must be explained and all related documents attached.
How do you confirm the ownership of a Seller?
You need to verify the Deed of Sale, which should be a notarized copy that the
Seller provides you.
Advise client to get one if he doesn't have one.
Where can you find information about the Owner?
1. Deed of Sale
2. Land Register:
-Index of Immovables (need cadastral #)
-Municipal tax bills
Two types of contracts
Contract for Services: brokerage contracts
Consumer Contract: contracts if seller is a natural person selling on behalf of a
company.
If a seller is represented, what 4 options are there?
1. Natural person (co-owner)
2. Mandatary - Need power of attorney/mandate
3. Succession - Declaration of transmission, liquidator, legatees or legal heirs
4. Corporation/Company - Resolution of the Company
Terms to use in brokerage contracts and clauses?
2|Page
, OACIQ Actual Exam/ OACIQ Actual Exam Preparation /OACIQ Practice Exam
Agency
Broker
Seller
Buyer
What address to use for each case scenario?
Single seller - principal address
Co-owners - principal residence of both
Mandatary - address of both mandator + mandatary
Succession - address of liquidator
Legal person - place of business + address of representative
Object + term of contract? How long?
Usually 60 days (2mo)
-Can make contract irrevocable (include clause in 11.1 of BCS)
-Client has 3 days to cancel BCS and only after receivterm-5ing a copy of signed
contract.
3 Day retraction rules:
-Date of signature never counts
-following 2 days count
-3rd day counts unless falls on: weekend (sat, sun) or
stat holiday
What do you need to describe an immovable?
-Deed of sale
-Certificate of location/dimensions/need cadastral #
-Municipal tax bills
3|Page
