Real estate brokers must have professional liability insurance through the Fonds d’assurance responsabilité professionnelle du courtage immobilier du Québec (FARCIQ). This insurance provides additional financial protection to consumers in the event of error, unintentional fault, negligence or omission. Real estate brokers are required to contribute to the Real Estate Indemnity Fund. Affiliated with the OACIQ, the Fund was established to compensate consumers who, in the course of a real estate transaction, become victims of fraud, dishonest tactics or misappropriation of funds.
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website for more information: https://www.bdavani.com/buyers..../well-protected-with