Course Details Accordion(MAC In Class)

September 4, 2023

REMIC offers 3 different types of in-class registration (courses) designed to meet the varying needs of our students who prefer the in-class experience. All courses run from 10AM – 4PM and all modes include:

A hard copy of the mortgage agent textbook (shipping extra)
Immediate full online access including a exam preparation guide and practice exams
The exam and a free rewrite if necessary

Monday to Friday

Perfect if want to complete the course quickly and can commit a full week
5 days in-class in a row Monday – Friday
the exam is written on Friday

5 Sundays

Perfect if you want 5 full days in-class but can’t commit 5 consecutive days
5 consecutive Sundays in-class
the exam is written on the last Sunday

Course Outline

Online Course Summary:

Course Length: 47 hours (estimated)
Course Delivery: In class or in class & online
Final Examination: 3 hours (must be written in classr)
Enrolment Period: one week up to 6 months
Language: English

Topics Covered:

REMIC’s textbook ‘Mortgage Brokering in Ontario – Agent Edition is what REMIC’s mortgage agent course is based on. The textbook is comprised of 23 different Chapters as per below, that touch on all the aspects that are included in the mortgage process. If you are looking for a detailed breakdown of the type of information that is in the course, you can click here to view the full table of contents.

Chapter 1: Market Overview	Chapter 13: Application Analysis – Application Ratios
Chapter 2: Basic Mortgage Concepts	Chapter 14: Application Analysis – Borrower Credit
Chapter 3: Advanced Mortgage Concepts	Chapter 15: Application Analysis – The Property
Chapter 4: Property Ownership in Ontario	Chapter 16: Choosing the Lender
Chapter 5: Regulation and Legislation	Chapter 17: Submitting the Application
Chapter 6: Transaction Overview	Chapter 18: Borrower Disclosure
Chapter 7: Insurance in the Mortgage Industry	Chapter 19: Closing the Transaction
Chapter 8: Calculating a Mortgage Payment	Chapter 20: Contract Law
Chapter 9: Attracting a Client	Chapter 21: Mortgage Remedies
Chapter 10: First Contact	Chapter 22: Mortgage Fraud
Chapter 11: The Initial Consultation	Chapter 23: Ethics and Mortgage Brokering
Chapter 12: Application Analysis – Borrower Documents	Final Case Study

The Final Examination:

The RMAC Final Exam can be completed through our Online Proctoring Service any time before your course expiration date, although we recommend booking the exam at least 7 days before that date. RMAC provides you with all of the material you need to prepare for the exam, including an exam preparation quiz that based on previous exams. Once your exam is completed, the review process takes up to 3 days. If you pass the exam, you’ll then get access to your certificate!

Exam format: Online Proctored Exam (through our Online Proctored Exam Service partner)
Exam length: 3 hours
Question format: Multiple Choice (some questions will reference a case study)
Attempts: 2 attempts (REMIC is the only provider that offers a free rewrite)
Passing grade: 60% (30/50)

Prerequisites for the course:

In class registration of the mortgage agent course in Ontario is available to anyone; however it is recommended that you have at least a high school education with equivalent English or French language and math skills.

Prerequisites for licensing:

Once you finish the course you will then join a brokerage and apply for your license. The Financial Services Commission of Ontario (FSCO) has set out the following additional requirements in order to become licensed after completing the course:

be 18 years of age or older,
be a resident of Canada,
have a mailing address in Ontario that can receive registered mail (not a post office box),
be authorized by a Mortgage Brokerage to deal in mortgages,
work for only one Mortgage Brokerage,
meet the Mortgage Agent education requirements, and
have a valid e-mail address (this is necessary for the application process)