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

Schedule Disposition versions

2012-09-01

SCHEDULE 6

(s. 111)

DECLARATION RELATED TO THE OPENING OF A GENERAL TRUST ACCOUNT

To: __________(name and address of financial institution)__________

I, the undersigned, ____________________, as a real estate broker or as the representative for the purposes of the Real Estate Brokerage Act (chapter C-73.1) of ____________________, real estate broker, holding certificate number ____________________ and having its main establishment at____________________, declare the following:

(1) general trust account bearing number ____________________ is open at your institution in the name of ____________________ in trust;

(2) the account contains sums that I receive or will receive in trust in the course of real estate brokerage activities;

(3) the account is governed by the Real Estate Brokerage Act;

(4) under section 11 of that Act, the interest accrued on the sums on deposit in the account must be paid to the financing fund established by the Association des courtiers et agents immobiliers du Québec;

(5) your institution is authorized to transfer directly to the financing fund of the Association des courtiers et agents immobiliers du Québec, for public information, the interest accrued on the account and to deduct at source any administration fees provided for under the agreement entered into with the Association;

(6) in accordance with your registers, the persons whose names and signatures appear below are authorized to sign, on behalf of the real estate broker, any document related to current transactions in the account:

(name) (signature) ;

(name) (signature) ;

(7) the Association des courtiers et agents immobiliers du Québec is irrevocably authorized to request and obtain at all times from your institution any information, explanation or copy of a document necessary or useful for auditing purposes related to the account

IN WITNESS WHEREOF, I have signed in ____________________ on this ____________________ day of ____________________ 20_____.

______________________________________________________

Signature of real estate broker or representative

Solemnly declared before me in ____________________ on this ____________________ day of __________________, 20 _____.

Commissioner for oaths for the judicial district of ____________________

______________________________

Commissioner’s signature

O.C. 1865-93, Sch. 6.