Montreal, May 7, 2025 — Finance Minister Eric Girard has tabled Bill 92, which introduces major changes to the regulation of real estate brokerage in Quebec. Driven by a desire to protect consumers and clean up industry practices, the legislative reform aims in particular to increase criminal penalties for brokers who break the rules and allow for the denial or revocation of a license for individuals deemed morally unfit to practice.
A Step Welcomed by the OACIQ
The bill was well received by the Organisme d’autoréglementation du courtage immobilier du Québec (OACIQ), whose mission is to protect the public. Its president, Nadine Lindsay, noted that the new measures will finally provide the OACIQ with the tools it needs to act proactively and impose stricter penalties for professional misconduct.
Among the proposed changes:
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A significant increase in criminal fines, up to $150,000 for a broker and $200,000 for an agency.
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The ability to deny a license due to issues of integrity, even if not directly related to brokerage activity.
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The creation of a criminal division within the Court of Quebec to handle serious cases, beyond the OACIQ’s internal disciplinary bodies.
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Automatic fines for any broker who fails to disclose a conflict of interest to clients.
Toward a Condominium Specialist Title
Of particular relevance to our field, the Minister also announced plans to create a “condominium specialist” real estate broker title. This is a long-awaited move, as condominium transactions become increasingly complex due to the aging of the housing stock, underfunded reserve funds in many buildings, and evolving regulatory frameworks.
According to Me Yves Joli-Cœur, president of the RGCQ, this direction is welcome:
“Co-owners and condo board members need specialized guidance. This new title will help address the specific needs of the condominium market while improving the quality of services provided.”
A Reform Still Under Consultation
The Québec Professional Association of Real Estate Brokers (APCIQ), while expressing regret that it was not consulted before the bill was tabled, has stated its willingness to actively participate in upcoming consultations. The organization emphasizes that most of its members practice their profession with diligence and hopes that the reform will enhance public trust without casting a shadow over the entire profession.
The RGCQ will closely monitor the development of Bill 92, especially the provisions affecting condominiums, to ensure they lead to better market oversight and genuine protection for co-owners.
