Mortgage Agent Level 2 Course
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2025 Mortgage Agent Level 2 Options
Online Course
Work at your own pace and finish fully online with up to 1 year access.
- Self-paced online study
- Direct message with instructor
- Online exam prep
- Printed textbook +$60
- + All online resources
$298 CAD
Live Webcast
Choose between a 5-day Mon-Fri class or 2 Saturdays class.
- Live, scheduled webinar class
- Live interaction with your instructor
- Live online exam prep session
- Printed textbook +$60
- + All online resources
$298 CAD
Why people choose Remic for their career
Popular FAQs
In addition to financial institutions that are CMHC approved lenders under the National Housing Act, the level 2 licence authorizes licensees to deal and trade in mortgages with all mortgage lenders, including mortgage investment companies, syndicates, private individuals, agents, brokers, and brokerages.
The course is valid for licensing for 2 years from the date of completion.
Any licensee wishing to deal in private lending should take note of the following key dates:
- April 1, 2023: new licensing classes come into effect
- October 31, 2023: deadline to pass the Private Mortgages Course (PMC) Challenge Exam
- March 31, 2024: deadline to complete the Private Mortgages Course (PMC)
There is no technical prerequisite to take this course, however, this course is typically completed by existing mortgage agents, level 1 who want to upgrade their licence to an agent, level 2.
The licensing and experience requirements below are effective as of April 1, 2023.
Mortgage Agent Level 1
Mortgage Agent Level 1
- Experience: No experience required.
- Education: Successfully complete an approved mortgage agent course for licensing in Ontario, such as REMIC’s RMAC.
- Licensing: Apply for a mortgage agent level 1 licence within two years of successfully completing an approved course.
- Experience: Applicants must have at least 12 months of experience over the last 24 months as a mortgage agent level 1.
- Education: Successfully complete REMIC’s Private Mortgages Course (PMC).
- Licensing: Apply for a mortgage agent level 2 licence within two years of successfully completing the course.
- Experience: Applicants must have at least 24 months experience over the last 36 months as a mortgage agent level 2.
- Education: Successfully complete an approved mortgage broker course for licensing in Ontario.
- Licensing: Apply for a mortgage broker licence within three years of successfully completing an approved education program.
The following transition period is relevant for those that are currently mortgage licensed in Ontario.
Individuals with five or more years of continuous licensing as of April 1, 2023:
Mortgage Agents – To transition to mortgage agent level 2, individuals must:
- Complete the Private Mortgages Course (PMC) by March 31, 2024, OR
- Pass the Private Mortgages Course (PMC) – Challenge Exam by October 31, 2023 (1 attempt limit)
Mortgage Brokers – To maintain their mortgage broker licence, individuals must:
- Complete the Private Mortgages Course (PMC) by March 31, 2024, OR
- Pass the Private Mortgages Course (PMC) – Challenge Exam by October 31, 2023 (1 attempt limit)
- Brokers who do not meet the new education requirements will transition to the mortgage agent level 1 licence upon renewal on April 1, 2024 and cannot carry out activities as a Principal Broker.
Mortgage Agents – To transition to mortgage agent level 2, individuals must:
- Complete the Private Mortgages Course (PMC) by March 31, 2024.
Mortgage Brokers – To maintain their mortgage broker licence, individuals must:
- Complete the Private Mortgages Course (PMC) by March 31, 2024.
Mortgage Agents – To transition to mortgage agent level 2 must:
- Attain one year of experience AND
- Complete the Private Mortgages Course (PMC)
Mortgage Brokers – To maintain their mortgage broker licence, individuals must:
- Complete the Private Mortgages Course (PMC) by March 31, 2024.
- Brokers are exempt from attaining two years’ experience as a mortgage agent, level 2 prior to transitioning to the new broker licence.
Mortgage Agent Level 2 Course – ONLINE Option
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.
Textbooks Are Shipped Canada Post Priority And Arrive Within 2 – 3 Business Days.
$298 CAD
Master the material at your own pace with flexible, self-paced learning.
- Instant online access
- Digital textbook (PDF)
- Unlimited practice exams
- Study Time: 80 hours
- Enrollment Period: 1 year
Mortgage Agent Level 2 Course – LIVE Webcast ($298)
Live webcast courses are perfect for you if you prefer the live course experience but do not want to attend a physical in-class setting. During the web class you will be able to ask questions and get immediate response from the instructor.
Textbooks Are Shipped Canada Post Priority And Arrive Within 2 – 3 Business Days.