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C-73.1, r. 2 - By-law of the Association des courtiers et agents immobiliers du Québec

Section 153
Disposition versions

Full text
153. The holder of a real estate broker’s certificate other than an affiliated real estate broker’s certificate shall, in the declaration that he must send to a financial institution and to the Association upon opening a general trust account in accordance with section 111, ensure that, in accordance with section 11 of the Act, the interest generated by the sums deposited into that account are paid to the financing fund and shall authorize that financial institution to transfer that interest directly to the fund, less any administration fees.
O.C. 1865-93, s. 153.
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