Ontario Mortgage Agent Course

ntario Mortgage Agent Course

Présentiel

Description

The Ontario Mortgage Agent Course is required by the Financial Services Regulatory Authority of Ontario (FSRA) in order to be licensed under the Act and become a Mortgage Agent and/or Broker. For full details on becoming licensed as a mortgage agent, please visit FSRA's website.

This course is designed according to key competencies and curriculum established by the Mortgage Broker Regulator’s Council of Canada (MBRCC), which represents governments and other self-regulatory organizations that are responsible for administering mortgage brokerage legislation. By the end of this course, you will have the knowledge to successfully pass the Agent licensing exam and the skills to broker a mortgage with assistance.

Individuals wanting to apply for a mortgage agent license in Ontario must complete this course and successfully pass the final exam written on the last day of class.

A link to the e-textbook Introduction to the Canadian Mortgage Industry, 6th Edition, will be included in your emailed receipt after completing registration. In-class students will receive a hard-copy of the course textbook on the first day of class.

This course is offered during five consecutive days. Please be sure to review the course content prior to the first day of the course.

Attendance on all days is mandatory. A financial calculator is NOT required for this course.

IMPORTANT: The course textbook takes approximately 3-5 business days to be delivered. Should you register less than 5 business days prior to the course start date, you may not receive your textbook before the first day of class.

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Course Policies

Please make sure to read the Course and Cancellation Policies document and the Learners Code of Conduct prior to registering for the course.

Course Content

This is a competency-based program focused on building the skills rather than simply the knowledge you will need to successfully provide mortgage brokerage services in Ontario.

The course syllabus is designed according to the MBRCC competencies below:

Competency 1: Know the Mortgage Brokerage Contextual Framework

Competency 2: Practice Mortgage Brokerage in Compliance with the Law

Competency 3: Manage the Mortgage Brokerage Relationships

Competency 4: Process Mortgage Brokerage Transactions

Competency 5: Detect and Prevent Mortgage Fraud

Competency 6: Manage Your Mortgage Agent Practice

Competency 7: Act Ethically and Responsibly

FAQ

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!

Where are the in-class courses held?
At Mortgage Professionals Canada's head office: 2005 Sheppard Ave East, Suite 401, Toronto ON

What is the passing grade?
60%
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-enrol in the course.
How do I book an exam and where can I write it?
In-class students write the final exam on the last day of class.
How can I request a rewrite and how many rewrites do I get?
You can use the link provided in your results email to book an exam rewrite. You must schedule a re-write within 6 months of receiving your grade. Only one rewrite is permitted. If you fail the rewrite, re-enrolment would be required to continue with your studies.
How do I request an exam deferral?
Exam deferrals are permitted for in-class students who require one because of a medical issue, or due to extenuating circumstances. Please ensure to receive official approval from the Education Department for an exam deferral by emailing [email protected]. Approval for an exam deferral must be finalized prior to your scheduled exam date.
When will my textbook arrive?
In-class students receive their textbook on the first day of class. A PDF copy of the textbook is available for download from the emailed receipt, which can be used while waiting for the hard copy to arrive.
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.
Do I need to attend all 5 days of the course?
Yes! Attendance on all days of class is mandatory and is strictly monitored. Full course participation is required in order for students to be eligible to write the final exam.
How long does it take to get exams results?
Exam results are emailed within 5 business days of your exam date. Upon receiving your results, you can download your certificate under “My Activities”.