Private Mortgages Course (Online)
The Private Mortgages Course is a new education requirement that mortgage agents must complete in order to upgrade their licence to "Level 2" and be able to deal and trade in mortgages provided by lenders other than financial institutions and CMHC approved lenders under the National Housing Act, such as:
Mortgage agents and brokers must complete this course by March 31, 2024, as part of the Financial Services Regulatory Authority of Ontario's (FSRA) new licensing requirements. For agents and brokers with five or more years of consecutive, recent licensing experience, they may forego the course by completing the challenge exam by October 31, 2023.
Both the Private Mortgages Course and the Private Mortgages Course - Challenge Exam will be available for registration by early 2023.
Please make sure to read the Course and Cancellation Policies document and the
Learners Code of Conduct prior to registering for the course.
Below are the topics covered in the Private Mortgages Course. These are the same topics assessed by the Private Mortgages Course-Challenge Exam.
The transition period will take place between April 1, 2023, and March 31, 2024.
Individuals with five or more years of continuous licensing as of April 1, 2023:
Mortgage Agents - To transition to mortgage agent level 2, individuals must:
Mortgage Brokers - To maintain their mortgage broker licence, individuals must:
Individuals with one to five years of continuous licensing as of April 1, 2023:
Mortgage Agents - To transition to mortgage agent level 2, individuals must:
Mortgage Brokers - To maintain their mortgage broker licence, individuals must:
Individuals with less than one year of continuous licensing:
Mortgage Agent - To transition to Mortgage Agent Level 2 must:
Mortgage Broker - To maintain their mortgage broker licence, individuals must:
