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Education

OMBEP Phase II In-Class

The Phase II – In-Class component of the OMBEP builds on the knowledge and skills that presented in the Phase I (online) component, using practical examples. In class, you’ll get to interact with other program participants and learn from everyone’s experiences. The program facilitator, with the assistance of industry practitioners, guides you through the “real world” application of the Act and Regulations at the brokerage level. Open discussion, interactive activities, and fact-based scenarios provide an eye-opening view of the compliance management responsibilities of a brokerage.

Full completion of Phase I – Online is a mandatory pre-requisite for registration into a Phase II – In-Class session. Please review the Course Information and Policies prior to registering for the program.



About the Class

  • Session registration is available on a first-come, first-served basis. Space is limited – register early!
  • Both in-person and virtual classes run from Monday to Friday.
  • Arrive on time! Class begins at 9:00 am and runs until 5:00 pm.
  • Attendance on all days – for the whole day – is mandatory.
  • Individuals who miss class due to lateness or leaving early may not be permitted to write the exam!

About Registration

  • Registration closes once room capacity is reached, or 2 (two) weeks prior to the session start date.
  • If a session is full, you may email to request a spot on a “wait list” in the event of cancellations. We cannot guarantee a spot for individuals on the wait list.
  • You must register for a Phase II session within 6 (six) months of your Phase I online course completion.
  • All program communication is through email: please ensure your online profile is up-to-date.
  • Cancellations and transfers are subject to conditions and may incur an administration fee – please review the Policies and FAQ for more information.


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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. 





Monday June 12 - Friday June 16, 2023

TIME: 9:00am - 5:00pm

LOCATION:
Virtual Classes - ZOOM Meeting









MORE INFORMATION

PHASE I: Online PHASE II: In-Class Course Policies

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.

Course Information and Policies

Learners Code of Conduct




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