Quebec Real Estate Licensing Exam Practice · Question
Under the Real Estate Brokerage Act, what is the primary role of the OACIQ?
The Real Estate Brokerage Act clearly establishes the OACIQ's mission to protect the public by ensuring that real estate brokerage activities are carried out in
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Question: Under the Real Estate Brokerage Act, what is the primary role of the OACIQ?
Answer options:
- To represent the interests of real estate brokers in Québec. ✅ To regulate real estate brokerage activities and protect the public.
- To mediate disputes between buyers and sellers of real estate.
- To set market prices and commission rates for real estate transactions.
Correct answer: To regulate real estate brokerage activities and protect the public.
Explanation: The Real Estate Brokerage Act clearly establishes the OACIQ's mission to protect the public by ensuring that real estate brokerage activities are carried out in a professional, responsible, and ethical manner.
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