Mortgage Professionals Canada is the proud provider of education required for licensing as a mortgage broker (entry level) in the province of Quebec. This OACIQ- authorized French online program is required for eligibility to apply for the licensing exam up to April 30, 2020. Effective May 1, 2020 the mortgage industry in Quebec and the licensing process will be governed by l’Autorité des marchés financiers (AMF) under the new Act respecting the distribution of financial products and services (Distribution Act). The OACIQ will continue to manage inquiries of those interested in a mortgage industry career up until May 1, 2020. The OACIQ’s mandatory continuing education program will remain in effect until May 1, 2020 at which time, AMF will provide timely information about the changes that will take effect as of May 1, 2020 and the transitional measures that will apply to them. MPC will adjust program content as AMF exam content becomes available
This unique blended learning approach provides Quebec mortgage brokers a self-study online component for independent learners along with a combined webinar component. It is twelve weeks in duration with a common start date, eleven modules covering the complex mortgage process and four (4) virtual classes that reinforce learning and assess the competencies of participants.
Individuals interested in applying for a mortgage broker licence in Quebec must ensure they first complete a required entry-level mortgage program such as this. The program follows the regulator-mandated requirements and its competency framework for mortgage brokers in the province of Quebec. It is developed with the assistance of education experts and through extensive industry consultation, ensuring standards aligned with Quebec laws and regulations.
Full details on licensing requirements in Quebec can be found on the l’Organisme d’autoréglementation du Courtage Immobilier du Québec (OACIQ) website until April 30, 2020 and then on the AMF website after May 1, 2020.