Organisme d'Autoréglementation du Courtage Immobilier du Québec (OACIQ) Practice Exam

When dealing with new construction contracts, the appropriate form to use is the Preliminary contract. This type of contract serves as a foundational document that outlines the terms and conditions of a real estate transaction before a formal agreement is completed.

In the context of new construction, a Preliminary contract typically includes details about the project, specifications of the construction, payment schedules, and other essential conditions that must be met before moving forward with the purchase. This stage is critical because it allows all parties involved to establish clear expectations and responsibilities ahead of the final agreement.

Other forms mentioned, such as the Purchase and Sale agreement, are generally used for transactions involving existing properties rather than new constructions. The Standard Lease agreement is meant for rental situations and not applicable in the context of purchasing or constructing property. The Exclusive Listing agreement pertains to the relationship between a seller and a broker for the sale of property, which also does not apply to the specifics of new construction contracts. Thus, the use of a Preliminary contract is specifically suited for ensuring that all important details are addressed before entering into further agreements for new constructions.