Program: MBQ101 Mortgage Brokering in Quebec

rogram: MBQ101 Mortgage Brokering in Quebec

Online

Description

Mortgage Professionals Canada is proud to offer AMF recognized training to obtain a mortgage broker certificate in the province of Quebec. This training is required before you can take the AMF exams.

The following prerequisites apply to participants enrolling in the program:

be 18 years or older;
have a minimum level of secondary education 5;
have an AMF client number submitted in the MPC profile

THE PROGRAM

MBQ101 is an online self-study program, which provides participants the flexibility to complete their studies on their own schedule. Program materials are provided to participants immediately upon registration. Participants are required to complete the online modules as well as the first exam attempt within 90 days of the date of registration. The online modules cover in detail the complexities of the mortgage loan process. The program exam is administered within one month of the date of completion of the online modules.

Participants receive an electronic copy of the course manuals E-116 Ethics and Professional Practice and E-611 Mortgage Brokerage. The E-116 Ethics manual contains 5 main chapters covering laws, regulations and the code of conduct. The E-611 manual covers complex mortgage processes in nine (9) chapters. Participants also receive a course syllabus to assist them with planning their study time, to ensure they keep up with the textbook readings and completion of the online modules.

It is recommended that participants use a desktop or laptop to complete the online modules.

IMPORTANT NOTE

This program requires that participants set aside 4-5 hours per day to effectively study and complete the online modules, and manual readings. Do not register if you are unable to devote the necessary time.

Licensing
Quebec

Chose date to register

Pricing

Licensing
Quebec

Course Policies & Member Rebate

Please ensure to read the MBQ101 Course Policies prior to registering.

Students must complete the online modules and final exam within 90 days of their original registration date. Course extensions may be purchased, if required.

Eligibility Criteria

The member rebate is reserved for students who have completed the MBQ101 program and who are members of an MPC member brokerage.
Students who are part of a member brokerage can only submit the Member Rebate application form after 12 months of continuous membership with the same mortgage brokerage that sponsored their registration into the program.
The student's mortgage brokerage must confirm their 12 months of service.
The Member Rebate application form must be submitted within 18 months of course registration.
The maximum discount for the Member Rebate is $500.

Click here to submit the Member Rebate application form.

Course Content

The MBQ101 Mortgage Brokering in Quebec program provides specific information on Quebec legislation and the Act respecting the distribution of financial products and services (LDPSF). This self-paced learning program teaches the knowledge and skills necessary to fulfil the responsibilities of a broker with integrity and compliance.

Candidates who wish to become mortgage brokers are strongly recommended to commit to completing this program on a full-time basis. Knowledge checks, mathematical calculations, written answers to questions, scenarios and problem solving will allow participants to master the process and demonstrate their abilities for the final exam. The course is based on the two AMF manuals, E-611 Mortgage Brokerage and E-116 Ethics and Professional Practice.

This course covers all the topics, skills and knowledge that will enable you to pass the MPC exam, which is similar in format and content to the AMF exam. Here is the list of modules covered by the program:

Module 0 - Navigating the online platform
Module 1 – Introduction to mortgage credit
Module 2 – Mortgage products and mathematics applied to mortgage credit
Module 3 – Mortgage credit process and the role of the mortgage broker
Module 4 – The Borrower and Qualification
Module 5 – Real estate assets
Module 6 – Mortgage Applications, Recommendations and Submissions
Module 7 – Facilitating the Closing Process
Module 8 – Commercial Mortgages

FAQ

Got a question? Try browsing our FAQ below for help. If your question is still not answered, please call us at 1-888-442-4625 for further assistance!

What is the passing grade for the program?
Students must achieve 80% on each end-of-module test, and 72% on the final exam.
When will I receive my results?
Students will receive an email with their exam results within 5 business days of completing their exam. This email is sent to the email address on file provided by the student at the time of enrolment. Results are reported to AMF within 5 business days of a student's course completion.
When will my certificate of completion arrive?
Once a student has successfully completed their program and final exam, they can download their certificate of completion from their online MPC profile.
When will my AMF manuals arrive?
Students can download their AMF manuals directly from their emailed receipt immediately upon completing registration.
When can I access the online modules?
Access to the online modules is available immediately upon completing registration. Students have 90 days from the time they register to complete their online modules and complete their final exam.
What happens if I fail the final exam?
Students have a maximum of three attempts at the final exam. If a student fails to achieve the minimum passing grade of 72%, they can request to rewrite their exam. There is a maximum of three attempts for this exam. Rewrites must be completed within a month of the previous exam attempt. If a student fails all three attempts at the final exam, they must re-enrol into the program in full in order to continue with their studies.
How do I pass the program?
Students must complete all of the online modules, answers to questions in the modules, as well as the final exam in order to pass the program. Multiple-choice questions are used to assess your knowledge of the material, which is the same method of testing used for the AMF certification exam. Note: online modules must be completed in full in order to be eligible to write the final exam.
How do I request a rewrite for the final exam? How many attempts at the final exam do I get?
If a student fails their first exam attempt, they will be informed via email with instructions on how to request an exam rewrite. Rewrites must be completed within one month of the student's previous exam attempt.
Can I put my course on hold or transfer it to another person?
No. Registration cannot be transferred to another person or put on hold. If you are unable to finish your program, consult the Course Policies for details on cancellations.