Education

Getting Licensed in Manitoba

THE COURSE

The Manitoba Mortgage Salesperson Course is the required first step to becoming a licensed mortgage salesperson in Manitoba. This course is approved for licensing as a mortgage salesperson by the Manitoba Securities Commission (MSC). Our mortgage salesperson course is delivered in an online format, and is based on the 5th edition textbook Introduction to the Canadian Mortgage Industry. *Students must have a financial calculator to complete this course.

The course covers all the key mortgage broker topics, skills and knowledge necessary for you to successfully enter the industry as a mortgage salesperson. The salesperson course is roughly 40 hours online with a final in-person examination. Exam rewrites are available for those students who require it.

REGISTER FOR THE ONLINE COURSE (SELECT OPTION):




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MORE INFORMATION

Please make sure to read the Course and Cancellation Policies document before registering for the course.



This course covers all the key topics, skills and knowledge necessary for you to successfully enter the industry as a mortgage salesperson. See below for the course syllabus:


PART 1: THE MORTGAGE INDUSTRY IN PERSPECTIVE

  • Module 1 - Overview of the Industry
  • Module 2 - Regulatory Framework
  • Module 3 - Legal Overview
PART 2: MORTGAGE MATHEMATICS
  • Module 4 - Mortgage Mathematics
PART 3: THE MORTGAGE PROCESS FROM A-Z
  • Module 5 - Understanding The Mortgage Process
  • Module 6 - Completing The Mortgage Application
  • Module 7 - Qualifying The Borrower
  • Module 8 - Mortgage Products, Related Products, And Submitting The Application
  • Module 9 - Appraisals
  • Module 10 - The Closing Process
PART 4: PROTECTING CONSUMERS & INCREASING INDUSTRY PROFESSIONALISM
  • Module 11 - Protecting Consumers & Increasing Industry Professionalism

 

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. What is the passing grade?
    70%

  2. What happens if I fail?
    Rewrites are free for scheduled exams at our MPC facilities. However, a fee of $75 would apply if booking an individual exam outside the GTA or booking an online exam. You must re-write the exam within 6 months of receiving pass/fail email notification. If you fail a second time, you will need to re-enroll in the course.
     
  3. How do I book an exam and where can I write it?
    Online learners need to complete their course before an exam date can be booked. Once complete, learners will have access to the BOOK EXAM button on their My Activities page. For full details on examinations and testing sites, please visit our exam info page.

  4. Does the exam cost money?
    Outside of GTA in-person exams booked at third party test centres, 
    as well as online exams, cost $75+applicable taxes.

  5. How can I request a rewrite and how many rewrites do I get?
    Email exams@mortgageproscan.ca to schedule a re-write within 6 months of receiving your grade. Only 1 rewrite is permitted. If you fail the rewrite, re-enrollment would be required to continue with your studies.

  6. When do I get access to my online program?
    Online access is available immediately upon registration. Students can either download their e-textbook from their online course or use the link provided to them in their emailed registration receipt.

  7. When will my course certificate arrive?
    Certificates will arrive by Canada Post 2-3 weeks of receiving pass notification.

  8. 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.