Education

Getting Licensed in Nova Scotia

Nova Scotia Associate Mortgage Broker Course

The Nova Scotia Associate Mortgage Broker Course is the entry level licensing course required by Service Nova Scotia and Internal Services (SNS-IS) for the province of Nova Scotia. The associate mortgage broker course is an online program based on the 6th edition textbook Introduction to the Canadian Mortgage Industry.

The course contains province specific information including regulations, legislation, and business practices. It covers all the key topics, skills, and knowledge necessary for you to successfully enter the industry as an associate mortgage broker. The program was developed with the assistance of education experts and through extensive industry consultation. The associate mortgage broker course is roughly 40 hours online with a final examination. Exam rewrites are available for those students who require it.






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Virtual Exam(s) are now available for this course. Enjoy a safe, physically distanced testing experience, in a comfortable setting of your choosing. Please note, Virtual Exams are offered in English only.


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 an associate mortgage broker. 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?
    60%

  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 exams booked at third party test centres and online exam bookings 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