Out of Province Licensed Applicant Quiz – $30

This course focuses on competencies (knowledge and skills) that are Ontario specific to ensure out-of-province applicants have knowledge of the requirements included in the Mortgage Brokerages.

Google Rating
4.9
Based on 1671 reviews
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Learning Outcomes

This course focuses on competencies (knowledge and skills) that are Ontario specific to ensure out-of-province applicants have knowledge of the requirements included in the Mortgage Brokerages, Lenders and Administrators Act, 2006 (MBLAA), its regulations and FSRA’s guidance and rules that differ from other jurisdictions (i.e., local knowledge requirements).

Upon completion of the seminar/quiz, out-of-province applicants will be able to demonstrate knowledge of the requirements to practice the mortgage broker/agent occupation in Ontario. That is, they will be able to:

  1. Explain the legal and regulatory framework that applies to mortgage brokering in Ontario;
  2. Differentiate between mortgage brokerage/broker/agent/administrator in Ontario; and
  3. Apply the requirements (including standards of practice) applicable to mortgage brokering in Ontario

Consider the following steps for quiz

30 minutes

20 questions

70% pass requirement

2 attempts included

Areas of Focus

Out-of-province applicants must understand:

MBLAA/Regulations Under the Act
  1. Licensing Requirements:
    • Licence categories (two tiers of agent licensing in Ontario, different names for licensing classes across Canada)
  2. Role of the Principal Broker
    • Not clearly set out in all provinces
  3. Mortgage Suitability
    • Not all provinces have the requirement set out the same way as Ontario
    • Reasonable steps in Ontario
    • Private lending in Ontario
  4. Disclosure Requirements
    • FSRA forms
  5. Regulation and Enforcement
  6. Filings, Errors and Omissions (E&O) insurance and Financial Guarantee requirements
    • AIR
    • E&O
    • Financial statements and financial guarantee for mortgage administrators
  7. Standards of Practice
    • Mortgage Agents and Brokers
    • Mortgage Brokerages
    • Mortgage Administrators
  8. Continuing Education Requirements

WHAT OUR STUDENTS ARE SAYING ABOUT US

Real-time google reviews
Google Rating
4.9
Based on 1671 reviews
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completed the Continuing Education, top notch content and well executed!
Ralf Dietert
Ralf Dietert
1708208485
REMIC has done an excellent job presenting the courses in an easily understandable manner, covering all aspects. I appreciate and congratulate them for organizing a well-structured education system for mortgage agents and brokers.
Heema Bhatia
Heema Bhatia
1708175019
The teachers and information are designed and delivered with the student experience in mind. Simply outstanding!
Rob Goodman
Rob Goodman
1708117837
I am just about to complete the LLQP course for an Insurance license at REMIC, and if I could, I would give it 10 stars! The material was clear and well-presented, all interfaces were user-friendly, and the course was well-structured. Moreover, the support was effective, and even though "life" issues delayed my progress, my liaison at Remic was supportive and encouraging, galvanizing my efforts. Now, I can see that I had several lights at the end of the tunnel. Finally, a special shout out to the tutor of the exam-prep webinar for his outstanding guidance and stellar presentation style, which pulled all the spider web-like strings taunt and into a discernable and understandable pattern. I cannot recommend Remic more highly.
Navigating through the course material was seamless and interactive. I love the fact that course material could have been read to me and the questions at the end to ensure that I understood the material. I also love the fact that I have access to the teacher bot when I need clarification. Would definitely recommend. 5 stars
Abbey Mederick
Abbey Mederick
1707766585
Just finished the online course and no problems with navigation and choosing the narrating option was great tool. Listen and learn!
Debbie Kitchen
Debbie Kitchen
1707653757
Very efficient and clear understanding . Language is simple except the Cyber Security chapters gets a bit technical. Great work !!
A very versatile and flexible course for the Agent, several options available for the applicants in terms of short questions answers after every 4/5 chapters, section wise focus for each Chapter, Youtube videos, option of getting the Hard Copy of Text book, ability to contact support and the teacher. All are good options. However, it should be clearly mentioned that the 2 - Saturdays option won't cover the course so that the candidates are ready.
Assad Khan
Assad Khan
1707470004
Very easy to follow and understand the contents and it will help you to become a mortgage agent in no time.
Saiful Islam
Saiful Islam
1707007345
The REMIC’s mortgage agent course has a clearly expressed practical orientation, which I found useful for me.
Vlad Dad
Vlad Dad
1706717283
Training courses are very user friendly and convey the information in an easy to understand format.
Dan Wowk
Dan Wowk
1706711823
Study Material is very easy to handle. You can always come back to online and finish the course.
Tahmid Ahmed
Tahmid Ahmed
1706364751
Course has a lot of information and even for older people like myself was a good review.
Ed Wise
Ed Wise
1706296095
Amazing course .Best book ever. I highly recommend it.
Sepi A
Sepi A
1706287883
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