The Québec Federation of Real Estate Boards

THE REAL ESTATE INDUSTRY
AN INDUSTRY OF TOMORROW
The real estate industry will use its strengths to forge ahead. Relying on its network of
12 real estate boards and the Québec Federation of Real Estate Boards, it is determined
to pursue its mission of providing collaborative and informative services as well as first-rate
training to its 12,460 real estate brokers and agents.
Chambre immobilière de l’Abitibi-Témiscamingue
Chambre immobilière du Centre du Québec
Centre immobilière de l’Estrie
Chambre immobilière de la Haute-Yamaska
Chambre immobilière de Lanaudière
Chambre immobilière des Laurentides
Chambre immobilière de la Mauricie
Greater Montréal Real Estate Board
Chambre immobilière de l’Outaouais
Chambre immobilière de Québec
Chambre immobilière du Saguenay—Lac-St-Jean
Chambre immobilière de Saint-Hyacinthe
THE QUÉBEC FEDERATION OF REAL ESTATE BOARDS
600 chemin du Golf, Île-des-Sœurs (Québec) H3E 1A8
Telephone 514.762.0212 | Toll free 1 866 882.0212
Fax 514.762.0365 | email [email protected]
T H E
Q U É B E C
F E D E R AT I O N
O F
R E A L
E S T AT E
B O A R D S
MISSION
The Québec Federation of Real Estate Boards (QFREB) is a non-profit organization that
oversees the province’s 12 real estate boards. It was created in 1991 after the enactment
of the Real Estate Brokerage Act. Its mission is to promote and protect the interests
of Québec’s real estate industry so that the boards and their members can successfully
meet their business objectives.
To fulfill this mission, the organized real estate industry has grown to become an undeniable
force and a frontline contributor for socio-economic decision-makers.
Relying on the strength of its network, the QFREB plans to consolidate its role as a benchmark
organization for its members and the public throughout Québec.
THE REAL ESTATE INDUSTRY
THE REAL ESTATE INDUSTRY’S
THE REAL ESTATE INDUSTRY
THE REAL ESTATE INDUSTRY
CREATING JOBS
ECONOMIC SPIN-OFFS
TODAY
PROACTIVE AND STRONG
Real estate operations, due to their
importance, contribute significantly
to the strength of Québec’s economy.
In 2005, the total volume of residential
sales in Québec reached a record level
of $13.04 billion1. In terms of employment,
over 17,8502 direct and indirect full-time
jobs are related to this major segment of
the economy.
In Québec, it is estimated that an average
of 68,3003 residential properties listed on
the MLS® system changed hands each
year from 2002 to 2004. Each completed
transaction creates average spin-offs of
$21,3254 in goods and services purchased,
thereby fuelling the economy. These include
the fees paid to notaries, appraisers,
and surveyors, taxes and fees paid to
governments and municipalities, as well
as expenses for renovations and furnishings.
Today’s real estate industry is structured
and thriving, built on solid foundations.
It has a total of 12,4605 members, who
have voluntarily joined one of Québec’s
12 real estate boards. These self-employed
members, who generally belong to a
brokerage firm, are contributing to the
growth of entrepreneurship in Québec
and to the development of the province’s
economy.
The organized real estate industry’s strength
is largely due to the expertise of its
members. The industry’s sense of pride
and accountability have motivated it to
make the commitment of providing
first-rate services, with the ultimate goal of
ensuring the public’s maximum satisfaction
with real estate brokerage professionals.
Indirect jobs 7,500
The real estate industry injects over
$1.5 billion per year in the province’s
economy. In fact, the total economic
spin-offs from MLS® transactions in the
province of Québec have grown 29% since
a previous Clayton Research study in 2003.
Direct jobs 10,350
Real estate boards are active in their
communities and are spread out
throughout Québec’s regions. Being
close to their members enables them
to provide technological support and
deliver services. The largest board is
the Greater Montréal Real Estate Board,
which represents 70% of Québec’s
brokers and agents.
The industry also provides technological
support and access to publications with
analyses, market statistics, information
on legal topics, etc.
Among these 17,850 positions, most are
in the areas of finance, insurance and
real estate. However, many other industries,
including commerce, manufacturing,
construction and professional services,
also benefit from the economic spin-offs
from the real estate market.
Should a commission dispute arise in
the course of their business transactions,
members have access to conciliation
and arbitration services for real estate
professionals. This process has the
advantage of resolving the majority
of disputes among members without
having to go to court or involving clients.
Manufacturing 2,315
10%
Commerce 3,210
Professional services 3,010
13%
And finally, for the past several years,
the real estate industry has an educational
vocation that has garnered a solid
reputation. The Collège de l’immobilier
du Québec offers the necessary training
for the profession as well as providing
members with the opportunity to update
their knowledge as needed. Currently,
60% of real estate professionals are trained
at the Collège de l’immobilier du Québec.
16%
18%
Finance, insurance
and real estate 4,715
Other 2,795
26%
The real estate industry offers its members
a wide array of services to assist them
in their daily activities. Foremost is
the Multiple Listing Service® (MLS®),
a system designed to manage real estate
transactions. This service allows members
to query a database of complete real estate
information on properties put on the
market by all brokerage firms, which
are members of the real estate boards.
17%
Construction 1,805
1 Canadian Real Estate Association statistics, 2005
3 CREA statistics
2 Economic spin-offs from property sales and purchases through
the MLS® system in the province of Québec and metropolitan
Montréal, by Clayton Research, April 2006
4 Estimation produced by Clayton Research based on special
tables from the Survey of Household Spending conducted
by Statistics Canada in 2003
5 Canadian Real Estate Association statistics, 2005
MISSION
The Québec Federation of Real Estate Boards (QFREB) is a non-profit organization that
oversees the province’s 12 real estate boards. It was created in 1991 after the enactment
of the Real Estate Brokerage Act. Its mission is to promote and protect the interests
of Québec’s real estate industry so that the boards and their members can successfully
meet their business objectives.
To fulfill this mission, the organized real estate industry has grown to become an undeniable
force and a frontline contributor for socio-economic decision-makers.
Relying on the strength of its network, the QFREB plans to consolidate its role as a benchmark
organization for its members and the public throughout Québec.
THE REAL ESTATE INDUSTRY
THE REAL ESTATE INDUSTRY’S
THE REAL ESTATE INDUSTRY
THE REAL ESTATE INDUSTRY
CREATING JOBS
ECONOMIC SPIN-OFFS
TODAY
PROACTIVE AND STRONG
Real estate operations, due to their
importance, contribute significantly
to the strength of Québec’s economy.
In 2005, the total volume of residential
sales in Québec reached a record level
of $13.04 billion1. In terms of employment,
over 17,8502 direct and indirect full-time
jobs are related to this major segment of
the economy.
In Québec, it is estimated that an average
of 68,3003 residential properties listed on
the MLS® system changed hands each
year from 2002 to 2004. Each completed
transaction creates average spin-offs of
$21,3254 in goods and services purchased,
thereby fuelling the economy. These include
the fees paid to notaries, appraisers,
and surveyors, taxes and fees paid to
governments and municipalities, as well
as expenses for renovations and furnishings.
Today’s real estate industry is structured
and thriving, built on solid foundations.
It has a total of 12,4605 members, who
have voluntarily joined one of Québec’s
12 real estate boards. These self-employed
members, who generally belong to a
brokerage firm, are contributing to the
growth of entrepreneurship in Québec
and to the development of the province’s
economy.
The organized real estate industry’s strength
is largely due to the expertise of its
members. The industry’s sense of pride
and accountability have motivated it to
make the commitment of providing
first-rate services, with the ultimate goal of
ensuring the public’s maximum satisfaction
with real estate brokerage professionals.
Indirect jobs 7,500
The real estate industry injects over
$1.5 billion per year in the province’s
economy. In fact, the total economic
spin-offs from MLS® transactions in the
province of Québec have grown 29% since
a previous Clayton Research study in 2003.
Direct jobs 10,350
Real estate boards are active in their
communities and are spread out
throughout Québec’s regions. Being
close to their members enables them
to provide technological support and
deliver services. The largest board is
the Greater Montréal Real Estate Board,
which represents 70% of Québec’s
brokers and agents.
The industry also provides technological
support and access to publications with
analyses, market statistics, information
on legal topics, etc.
Among these 17,850 positions, most are
in the areas of finance, insurance and
real estate. However, many other industries,
including commerce, manufacturing,
construction and professional services,
also benefit from the economic spin-offs
from the real estate market.
Should a commission dispute arise in
the course of their business transactions,
members have access to conciliation
and arbitration services for real estate
professionals. This process has the
advantage of resolving the majority
of disputes among members without
having to go to court or involving clients.
Manufacturing 2,315
10%
Commerce 3,210
Professional services 3,010
13%
And finally, for the past several years,
the real estate industry has an educational
vocation that has garnered a solid
reputation. The Collège de l’immobilier
du Québec offers the necessary training
for the profession as well as providing
members with the opportunity to update
their knowledge as needed. Currently,
60% of real estate professionals are trained
at the Collège de l’immobilier du Québec.
16%
18%
Finance, insurance
and real estate 4,715
Other 2,795
26%
The real estate industry offers its members
a wide array of services to assist them
in their daily activities. Foremost is
the Multiple Listing Service® (MLS®),
a system designed to manage real estate
transactions. This service allows members
to query a database of complete real estate
information on properties put on the
market by all brokerage firms, which
are members of the real estate boards.
17%
Construction 1,805
1 Canadian Real Estate Association statistics, 2005
3 CREA statistics
2 Economic spin-offs from property sales and purchases through
the MLS® system in the province of Québec and metropolitan
Montréal, by Clayton Research, April 2006
4 Estimation produced by Clayton Research based on special
tables from the Survey of Household Spending conducted
by Statistics Canada in 2003
5 Canadian Real Estate Association statistics, 2005
THE REAL ESTATE INDUSTRY
AN INDUSTRY OF TOMORROW
The real estate industry will use its strengths to forge ahead. Relying on its network of
12 real estate boards and the Québec Federation of Real Estate Boards, it is determined
to pursue its mission of providing collaborative and informative services as well as first-rate
training to its 12,460 real estate brokers and agents.
Chambre immobilière de l’Abitibi-Témiscamingue
Chambre immobilière du Centre du Québec
Chambre immobilière de l’Estrie
Chambre immobilière de la Haute-Yamaska
Chambre immobilière de Lanaudière
Chambre immobilière des Laurentides
Chambre immobilière de la Mauricie
Greater Montréal Real Estate Board
Chambre immobilière de l’Outaouais
Chambre immobilière de Québec
Chambre immobilière du Saguenay—Lac-St-Jean
Chambre immobilière de Saint-Hyacinthe
THE QUÉBEC FEDERATION OF REAL ESTATE BOARDS
600 chemin du Golf, Île-des-Sœurs (Québec) H3E 1A8
Telephone 514.762.0212
Fax 514.762.0365
| Toll free 1 866 882.0212
| email [email protected]
T H E
Q U É B E C
F E D E R AT I O N
O F
R E A L
E S T AT E
B O A R D S