The online course is best suited for those students who are able to work on their own, enjoy or need to be able to work at their own pace and have a minimum level of self-motivation. This version of the course offers the flexibility to meet even the most demanding schedules.
REMIC offers 2 different types of online courses. Online registration with a hard copy of the textbook for $365 (shipping extra) and online registration with an e-textbook (pdf) only for $338.
Each version includes:
- Dedicated online instructor
- Immediate online access including a pdf soft copy of the textbook
- Online quizzes, discussions, assignments, video tutorials and the exam prep guide and practice exam
- Finish the course from within 1 week or take up to 6 months
- Scheduled online proctored exam sessions
The online course is best suited for those students who are able to work on their own, enjoy or need to be able to work at their own pace and have a minimum level of self-motivation. The online course offers you the flexibility to complete it in as little as one week or take up to six months. This means that it has the flexibility to meet even the most demanding schedules. Designed for ease of use, our online course combines video tutorials, interactive assignments, a very user-friendly textbook and the ability to communicate with your dedicated instructor online when you need the help.
Online Course Summary:
- Course Length: 47 hours (estimated)
- Course Delivery: online
- Final Examination: 3 hours (Online using our Online Proctored Exam partner)
- 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 pays for your first attempt, and you pay for a rewrite through our Online Proctored Exam service if required. You may choose to wait for in-person exams to resume if you would prefer a free rewrite. REMIC is the only provider that offers a free rewrite! However please note that due to current government regulations, in-person exams are not available at this time)
- Passing grade: 60% (30/50)
Please see the Online Proctored Exam Rules.
Prerequisites for the course:
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:
The Financial Services Regulatory Authority of Ontario (FSRAO) 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)
Enrollment Policy / Academic Handbook
Click here to download the student enrolment policy/academic handbook