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.

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:

Explain the legal and regulatory framework that applies to mortgage brokering in Ontario;
Differentiate between mortgage brokerage/broker/agent/administrator in Ontario; and
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

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

WHAT OUR STUDENTS ARE SAYING ABOUT US

Real-time google reviews

Andrew S

I signed up for the HLLQP course online-at-my-own-pace and was able to use the course portal to complete the course in about 2 months. I purchased the source manuals published by CISRO/OCRA which the course material and exams were directly based on.

I used the exam prep workshops and was very impressed with the quality of the material and instructors.
When it was time to write the licensing exams, the advice and course materials were proven to be very valuable because I was familiar with the manuals already.
I observed my peers using course manuals which seemed to be designed by the course providers rather than use of the CISRO manuals themselves.
Additional webinars were made available to me in the course portal which are also useful for developing skills for becoming a financial advisor with insurance and other financial products.
I believe this to be the best choice from among other course providers. Be sure to go to their offices if possible to collect your certificate!!

Myrna Razonable

Very knowledgeable and patient Instructors. They make sure you understand every concept and chapters and they're always there to listen and answer every questions you may have!

Priya Gupta

Very knowledgeable instructors!! Great information sharing!!

Anna

The online course (Level 1 Agent) helps to better navigate within the mortgage industry. User friendly and in concise form.

JITHIN SIMON GEORGE

Well experienced instructors and support. Course helped me to gain good knowledge and prepare for my career in the mortgage industry. I would recommend REMIC if anyone would like to start a career in Mortgage Industry.

BHAVIN CHAUDHARY

Amazing course, and a life long learning with following
1. Financial literacy - Provides authentic & a huge information base for secured and insured investment options ideas to new candidates.
2. Laws and regulation - Clearly enlist the laws and regulating bodies to support ethical and professional conduct.
3. Market regulated Product information - Provides a good generalized idea of Insurance products, like Life, term, Accident, sickness, Segregated funds.
4. Recognized Certification - Provides a valid and approved course certification to support the Licensing LLQP examination in Canada.
In three words "The best Course". I would personally recommend this course to anyone who wants to develop the base in financial literacy.
I am grateful to Globe life, HMG Careers, and REMIC for their motivation and support in enhancing my financial knowledge and career.
Thank you very much.

Edward Ward

Awesome. The online course was perfect for allowing me to study when life allowed it.

alex liu

Easy online course to take, use this fastest tool to get certificate, love it.

Elisa Nicolau

Damian was an amazing Instructor! Highly recommend Remic.

AVNEET

The course was very helpful for me. I felt that the instructor’s pacing of the lectures allowed me to fully grasp the concepts and the examples were relatable and engaging. Overall, I learned a lot and truly appreciate the time and effort that went into designing this course.

Lana Conroy

I found Remic to be very professional and the information you need is in your portal while you are going through the course. You can go over as many times as you want until you get licensed!
Great legit company to go through for your Insurance, I would highly recommend Remic.

Jason

Absolutely amazing highly recommend getting hllqp here

Andrew Jones

Remix gives you everything you need to know about being an agent and what expectations to have coming in! There are also a tone of extras that you get with the training that will help you in the future.

S M

Very informative. The online course is ideal for those that like to learn at their own pace.

Kunal Raheja

The REMIC Online Mortgage Agent Course was well-structured and provided a solid foundation in mortgage principles. I found the content comprehensive, but some topics like Rate Hold/Rate Drop and Prepayment Options could be explained in more detail. The quizzes and case studies were helpful, but more interactive elements like videos or live Q&A sessions would improve the learning experience. Overall, it’s a great course for anyone looking to start a career in the mortgage industry.

Happy Cheema

It’s so well designed course and super easy to follow if you are doing it online.

Stephanie Drummond

Course is well laid out, and the instructors are excellent! They take the time and listen to understand to give an answer!

Cheema

Very precisely organized course. Its so well organized and explained that I never need to bother anyone from the management. I will highly recommend to interested individuals.