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 1840 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 1840 reviews
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4.9
REMIC study materials, online course instructors, videos, exam preparation tools all helped a lot in achieving my first step in clearing the mortgage agent course, which will help me start the long journey towards successful career path.
Today, I have got an opportunity to participate in the live webinar on zoom with Cain Daniel the Introductory workshop about new Mortgage agent. Daniel has explained beautifully about the topic. Great job and thank you REMIC to give us an opportunity to join.
Highly recommend REMIC! Very easy to navigate and informative!!
It was a great program and was very easy to navigate. Instructors were great!, plenty of quizzes that helped you prepare for your exam.
Very nice experience and experienced TutorThanks Mr Jay Brannan for your support
Topic and content are very relevant and current... excellent presentation on "ChatGPT - Prompt Engineering".Strongly recommend. Thanks for sharing this great content !
1. Clarity: Information was presented clearly and understandably.2. Structure: The course was well-organized and logical.3. Application: Practical examples were useful for applying concepts.4. Engagement: The course was engaging and maintained interest.5. Resources: Materials provided were helpful and relevant.6. Support: Adequate support was available for questions.
Easy to follow course material, awesome tutorials!
I recently completed the REMIC Mortgage Agent Course, and I couldn't be more pleased with my experience! I found the course to be incredibly informative and well-structured.
Very good and informative. All the information up to the mark. Instructors are very experienced, and they know what they teach very well. Highly recomanded to do the COURSE WITH WEBINAR. book it 3-4 days in advance, so you can have your physical book with you before you start, and can read as instructed before your first day. Chapter Quizes and Exam Prep Quizes are very important before writting exam.
Easy to use online course. You can complete it at your own pace.
Time well spent, very personable experience in the live webinar.
I recommend REMIC for all students interested in pursuing a Mortgage career regardless of your financial or non-financial career background. The learning outcomes, objectives & methodology offered throughout this course represents the professionalism REMIC strives for to improve the client / borrower service experience.
I recently took the Mortgage Agent Level 1 course online and was very impressed. It's a lot of material to cover and the instructors did a fabulous job of making sure everyone understood the course material and was well prepared for the exam. See you in a year for Level 2!
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