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Ontario Mortgage Agent Course (Virtual Class)


NON-MEMBER
$425.00
COURSE TYPE
Licensing

Please read the Course and Cancellation Policies as well as the Learners Code of Conduct before registering.

The Ontario Mortgage Agent Course is required by the Financial Services Regulatory Authority of Ontario (FSRA) in order to be licensed under the Act and become a Mortgage Agent and/or Broker. For full details on becoming licensed as a mortgage agent, please visit FSRA's website.

This course is designed according to key competencies and curriculum established by the Mortgage Broker Regulator’s Council of Canada (MBRCC), which represents governments and other self-regulatory organizations that are responsible for administering mortgage brokerage legislation. By the end of this course, you will have the knowledge to successfully pass the Agent licensing exam and the skills to broker a mortgage with assistance.

Individuals wanting to apply for a mortgage agent license in Ontario must complete this course and successfully pass a proctored examination either online, or at a pre-approved testing centre.

A link to the e-textbook Introduction to the Canadian Mortgage Industry, 6th Edition, will be included in your emailed receipt after completing registration. A hard copy of the textbook will be shipped to you approximately 3-5 business days after registration. Once you have completed the course, you will be invited to book your exam at a later date.

This course is offered as an intensive five-day course, or as a series of weekend sessions. If enrolled in the intensive course, please ensure to review the course content prior to the first day.

Attendance on all days is mandatory - your video camera must be on at all times with functioning audio, as per FSRA requirements.

A financial calculator is NOT required for this course.


MORE INFORMATION

COURSE POLICIES COURSE CONTENT FAQ

Please make sure to read the Course and Cancellation Policies document and the Learners Code of Conduct prior to registering for the course.

IMPORTANT: The course textbook takes approximately 3-5 business days to be delivered. Should you register less than 5 business days prior to the course start date, you may not receive your textbook before the first day of class. 

This is a competency-based program focused on building the skills rather than simply the knowledge you will need to successfully provide mortgage brokerage services in Ontario.


The course syllabus is designed according to the MBRCC competencies below:

Competency 1: Know the Mortgage Brokerage Contextual Framework

Competency 2: Practice Mortgage Brokerage in Compliance with the Law

Competency 3: Manage the Mortgage Brokerage Relationships

Competency 4: Process Mortgage Brokerage Transactions

Competency 5: Detect and Prevent Mortgage Fraud

Competency 6: Manage Your Mortgage Agent Practice

Competency 7: Act Ethically and Responsibly

Got a question? Try browsing our FAQ below for help. If your question is still not answered, please call us at 416-385-2333 x2610 for further assistance!

  1. How are virtual classes delivered?
    Virtual classes are delivered using Zoom meetings.
  1. What is the passing grade?
    60%

  2. What happens if I fail?
    You must re-write the exam within 6 months of receiving your results email notification. If you fail a second time, you will need to re-enrol in the course. 

  3. How do I book an exam and where can I write it?
    Virtual class students will be able to book their online exam by following the emailed instructions provided by MPC on the afternoon of the last class. Students enrolled in a weekend course will receive their online exam instructions the following Monday.

  4. How can I request a rewrite and how many rewrites do I get?
    You can use the link provided in your results email to book an exam rewrite. You must schedule a re-write within 6 months of receiving your grade. Only one rewrite is permitted. If you fail the rewrite, re-enrolment would be required to continue with your studies.

  5. How do I request an exam deferral?
    Exam deferrals are permitted for in-class students who require one because of a medical issue, or due to extenuating circumstances. Please ensure to receive official approval from the Education Department for an exam deferral by emailing exams@mpc.ca. Approval for an exam deferral must be finalized prior to your scheduled exam date.

  6. When will my textbook arrive?
    Virtual class students will receive their textbook within 5 business days of registering via FEDEX Express Post. A PDF copy of the textbook is available for download from the emailed receipt, which can be used while waiting for the hard copy to arrive.

  7. Can I place a hold on my course, or transfer my registration to another person?
    No. However, exceptions may be made if requests are submitted to the Education Department by email for review.

  8. Do I need to attend all 5 days of the course?
    Yes! Attendance on all days of class is mandatory and is strictly monitored. Full course participation is required in order for students to be eligible to write the final exam.

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Mortgage Professionals Canada

2005 Sheppard Avenue East, Suite 401
Toronto, ON M2J 5B4

1-888-442-4625

1-888-759-2840

info@mpc.ca