Definition : Québec Real Estate Brokerage Self-Regulating Agency (Organisme d’autoréglementation du courtage immobilier du Québec)

Legal person, its mission being the protection of the public in the field of real estate brokerage, by disseminating information and providing assistance thereto, and also by enforcing regulations related to ethics, to the inspection of brokers and agencies' activities, and to discipline. The Organisme d'autoréglementation du courtage immobilier du Québec (Québec Real Estate Brokerage Self-Regulating Agency) ensures that brokerage operations engaged in by brokers and agencies are compliant with the Real-Estate Brokerage Act.

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Seeking the services of a real-estate broker, who was formerly referred to as a real estate agent, is not mandatory. However, unless you are able to assume the purchase and / or sale of a fraction of a building held in divided co-ownership by yourself, which will require ample time as well as in-depth knowledge in various fields, you would benefit from being accompanied by a competent real estate broker during your procedures. When you use the services of a real estate broker to buy, sell or lease a property, you are protected by the Real-Estate Brokerage Act.  
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Once the apartment of your dreams in your price range found, the next step is to make an offer to purchase, either verbally or in writing. Although the verbal option is legally valid, it is better to formalize it in writing. L’Organisme d’autoréglementation du courtage immobilier du Québec (OACIQ) (the Quebec Organization for the Self-Regulation of Real Estate Brokerage) imposes a rule of ethics, namely that all acting real estate brokers must record in writing the intention of the parties to enter into real estate transaction.
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