RMAC Course Overview – REMIC Mortgage Agent Course for Licensing (RMAC)

The first step in becoming a licensed mortgage agent begins with taking and completing the REMIC mortgage agent course for licensing (RMAC). This course is required by the Financial Services Commission of Ontario (FSCO) to become a licensed mortgage agent or mortgage broker in Ontario.

Mortgage Agent Course Summary


Course Length

47 Hours


Course Delivery

Online, Live Webcast or In-class


Final Examination

3 hours (Online through our Online Proctored Exam partner)


Enrollment Period

One week up to 6 months

What happens once I Register?

Once you complete your registration, you will receive a confirmation email with your course details. All course options come with immediate access to an online section of the course. Once registered you can log in right away. You will also receive a hard copy of the textbook via Canada Post within 2 business days (there may be delays due to COVID-19) unless you registered for the e-textbook course OR unless your course starts within 5 business days – in this case you will be given your textbook in class on your first day.  Of course you still have immediate access to the online version of the textbook.

How to Register in 2 Steps


Choose your course mode

Either in class, live webcast or online. If you choose the in class or live webcast you have 3 different options to choose from:


Course Registration

If in class or live webcast click on a course date to register. If online click here or go to www.remic.ca/online to see the online course options. Choose one by clicking on “register now”.

Topics Covered

The topics in the course are all based on REMIC’s textbook ‘Mortgage Brokering in Ontario – Agent Edition. 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/download a full table of contents.

Chapter 1: Market OverviewChapter 13: Application Analysis – Application Ratios
Chapter 2: Basic Mortgage ConceptsChapter 14: Application Analysis – Borrower Credit
Chapter 3: Advanced Mortgage ConceptsChapter 15: Application Analysis – The Property
Chapter 4: Property Ownership in OntarioChapter 16: Choosing the Lender
Chapter 5: Regulation and LegislationChapter 17: Submitting the Application
Chapter 6: Transaction OverviewChapter 18: Borrower Disclosure
Chapter 7: Insurance in the Mortgage IndustryChapter 19: Closing the Transaction
Chapter 8: Calculating a Mortgage PaymentChapter 20: Contract Law
Chapter 9: Attracting a ClientChapter 21: Mortgage Remedies
Chapter 10: First ContactChapter 22: Mortgage Fraud
Chapter 11: The Initial ConsultationChapter 23: Ethics and Mortgage Brokering
Chapter 12: Application Analysis – Borrower DocumentsFinal Case Study

Mortgage Agent Course Duration

For the in class courses the examination is set for the last day of the course. You can choose to defer the exam at no penalty as long as you complete it within 6 months. For the live web class and the online course you must complete the course within 6 months. However, most students get through it much faster.

Mortgage Agent Course Formats

We offer several different types of in-class courses designed to meet the varying needs of our students who prefer the in-class experience.  The material is the same as in the online course, however in class you also have the benefit of the live experience.  Another main difference between the online and the in-class course is the time allotted to complete the course.  The online course can be completed in up to 6 months, while the in class course is completed in its format.  So a five day course is completed in those five days, while 5 Sundays are completed in that time frame. However, if you don’t feel that you are prepared to write the exam at the end of the in class course (perhaps you could not devote the time necessary during the course) you can defer the exam at no cost.  It’s as simple as requesting that from your instructor.  You will also receive a hard copy of the textbook within 2 business days unless your course starts within 5 business days – in this case you will be given your textbook in class on your first day.  Of course you still have immediate access to the online version of the textbook.

Mortgage Agent Course and Academic Support

REMIC offers unparalleled support to our students. For academic support you have constant access to your instructor via email and through the online portal. The online section of the course includes a full examination prep guide and practice examination. In addition, REMIC has a Live Chat service operated 9:00AM – 5:00PM Monday-Friday. You can also call us at 877-447-3642. REMIC also offers free job placement assistance for all of our graduates. This is a completely free service that you can take advantage of once you complete the course!

The Final Exam

RMAC provides you with all of the material you need to prepare for the exam, including exam preparation quizzes based on previous exams. If you fail your first attempt you have the option to come and review your exam at no additional cost. You will also have additional rewrite attempt, and you can choose to write in-person in our Toronto office for no charge, or pay a small rewrite fee for an online exam. Once you pass you’ll have your results within 24 hours, including your certificate!  REMIC is the only provider providing results this fast.

Mortgage Agent Course Prerequisites

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.

Licensing Prerequisites

The Financial Services Commission of Ontario has set out the following additional requirements in order to become licensed after completing the course:

Registration Policy / Academic Handbook

Download the student enrollment policy/academic handbook.