Ontario Mortgage Broker Education Program

Are you a licensed mortgage agent in Ontario with at least two years' experience? Are you considering becoming a Principal Broker or supervising other agents? Are you thinking about opening your own brokerage?

Complete the Ontario Mortgage Broker Education Program (OMBEP) to get one step closer to upgrading your licence from agent to broker!

Broker Program

The Program

The two-phased format of the Ontario Mortgage Broker Education Program (OMBEP) is prescribed by FSRA. The program focuses on the skills and knowledge required to hire and effectively supervise agents and to ensure that the brokerage complies with the Mortgage Brokerages, Lenders and Administrators Act, 2006, its Regulations, and prescribed requirements. It is also designed to meet both the Mortgage Broker Qualifying Standards (MBQS) and MBRCC's Managing Broker Program Competencies and Curriculum.  

OMBEP includes information on:
  • Understanding the regulatory environment and the importance of promoting a collaborative relationship with the Regulator
  • Implementing policies and procedures to ensure agents comply with the Act, its Regulations, and prescribed requirements
  • Determining whether staff are acting ethically or unethically and determining the most appropriate action to take
  • Dealing with, and protecting, clients
  • Creating and implementing best practices
For more information on full broker licensing requirements, please visit FSRA's website.


IMPORTANT NOTE ABOUT NEW LICENSING REQUIREMENTS: After April 1, 2023, individuals can apply for a mortgage broker licence if they have been licensed for a total of at least 24 of the last 36 months as a mortgage agent (agent level 1 or agent level 2) before applying for the broker licence.


Individuals will need to confirm that they have successfully completed the Ontario Mortgage Broker Education Program in the three years before applying for the mortgage broker licence as well as the Private Mortgages Course by March 31, 2024.

Visit FSRA's website for more information. 


Your Next Steps

1. Register for Phase I: Online today! You will receive your registration confirmation via email. Access your online modules immediately by clicking on "My Activities" once you're logged in.

2. Once you have successfully completed Phase I, you will be eligible to register for Phase II: In-Class. You must complete Phase I: Online before you can register for Phase II: In-Class! Click here to learn more about Phase II.

Pricing: $495.00


Phase I must be taught by distance-learning in order to be accessible to students across the province. This stage must cover all of the MBQS and MBRCC learning objectives so that students acquire the knowledge and skills necessary to supervise agents and carry out the responsibilities of a Principal Broker or Compliance Officer.

Phase I has been re-launched in a new HTML format to make it easier and more convenient to complete on a variety of devices and browsers. For the best user experience, a desktop or laptop is recommended.

Phase II must consist of in-class seminars that build on the knowledge and skills acquired in the first phase through practical examples. In this phase, students will interact and learn from others’ ideas and experiences. This phase must run a minimum of five full days, including the examination. Students must take both stages of the course and pass the examination in order to meet the education requirements for licensing.

Please review the Course Information and Policies document, as well as the Learners Code of Conduct, before registering for the course.