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FAQ Frequently asked questions in Real Estate in Montreal for Condos and homes



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TranquiliT Buyers protection Program
Delay and Withdrawal

Whether you are buying or selling a property, certain unforeseen situations may occur. For example:
  • financing withdrawal
  • job loss
  • separation
  • fire
  • a surveying problem
Such occurrences may delay—and even cancel—the signing of the deed of sale. With the RE/MAX Tranquilli-T program, if such a situation should occur anytime after all the conditions of the offer to purchase are met, the additional charges incurred—over and above $300—are covered by the program for a period of 180 days, up to a maximum of $25,000.

Decease
With the RE/MAX Tranquilli-T Program, in the event of death of either the buyer or his/her spouse, you will be protected and the transaction will be guaranteed. In fact, between the time when all the conditions of the offer to purchase are met and the signing takes place at the notary's office, if the Estate no longer wants to buy the house, the agreed upon selling price is paid to you by the program.

Legal Assistance

The Tranquilli-T Program provides you with free legal consultation as well as legal coverage, for any legal problems related to your transaction. Within twelve months after signing the deed of sale at the notary's office, if you should have a question or a concern, such as neighbour problems or if you have found a hidden defect, you have access to various resources in order to reach a favourable settlement:
 

1. Free telephone consultation. Useful information and answers to your questions will be given to you by a lawyer who is competent in real estate transactions.

 

2. In the event that legal procedures become necessary, legal fees will be covered up to $5,000 per incident, up to a maximum of $10,000.

 

Click here for the offical info sheet

 

Eligibility requirements

Whether in buying or selling a property, you must be represented by a participating RE/MAX broker in order to benefit from this program

This program applies only to residential buildings with 5 dwellings or less and only in cases where the owner is also an occupant.

The program is applicable to main or second homes of $3 million in value or less.

This program is solely for people and does not cover legal entities—for example, developers, contractors or Estates, which act as a buyer or seller within a real estate transaction.

Newly-built homes are not eligible.

The protection will take effect as soon as your broker has given you your certificate of protection. This certificate will be issued when all conditions of the offer to purchase have been met, except the signing of the deed of sale.

This protection is offered to you at no extra charge.

The contents of this website do not constitute a contract.

Changes may have been made to the written coverage of the program as indicated on the website and may not yet be reflected on this site.

For further details on the program coverage, contact us by e-mail at tranquilli-t@remax-quebec.com