C-73.2, r. 7 - Regulation to enact transitional measures for the application of the Real Estate Brokerage Act

Section 6 Disposition versions

2012-09-01

6. A broker or an agency that, on 1 May 2010, is deemed to hold a licence under sections 146 and 147 of the Real Estate Brokerage Act (chapter C-73.2) must, within the time limit set by the Organization, pay the fees payable in accordance with section 45 of the Regulation respecting the issue of broker’s and agency licences (chapter C-73.2, r. 3) and the fee to the Real Estate Indemnity Fund in accordance with section 15 of the Regulation respecting the Real Estate Indemnity Fund and determination of the professional liability insurance premium (chapter C-73.2, r. 5). The fees are reduced by an amount corresponding to the fees paid for the year 2010 under the By-law respecting chargeable fees and specialist titles of the Association des courtiers et agents immobiliers du Québec (O.C. 1866-93, 93-12-15) and the Regulation respecting the application of the Real Estate Brokerage Act (chapter C-73.1, r. 1), in proportion to the number of months remaining in the period from 1 May 2010 to 31 December 2010.

The first paragraph also applies to firms, independent partnerships and their insurance representatives and independent representatives as well as representatives of mutual fund dealers and representatives of scholarship plan dealers referred to in section 10 of this Regulation.

O.C. 301-2010, s. 6.