Mortgage Agent Level 2 Course

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Course Options
Flexible schedule
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Official Certification
Licensed by the insurance regulator
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93% Pass Rate
93% pass their licensing exams!
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What you’ll learnBased on the textbook Mortgage Brokering in Ontario – Agent Edition by REMIC founder Joseph White, this course features 23 chapters covering every critical aspect of the mortgage process.

click here to view the full table of contents.

Course Summary:

  • Course Length: 47 hours (estimated)
  • Course Delivery: In-class, live webcast, online or mixed mode (in-class and online)
  • Final Examination: 3 hours (in-person, when reinstated or online proctored)
  • Enrolment Period: one week up to 1 year
Choose the Course Format That Fits Your Lifestyle

Whether you prefer learning at your own pace, want the energy of a live class, or thrive in a traditional classroom setting, REMIC offers flexible formats to suit your needs:

Online Course

The Online Course is perfect for self-motivated learners who need maximum flexibility. Study when and where it suits you best.

  • Choose between a hard copy or digital PDF textbook
  • Includes instant online access with quizzes, assignments, video tutorials
  • Exam preparation guide and practice exam included
  • Support from a dedicated online instructor
Live Webcast Course

Prefer live instruction without leaving home? The Live Webcast Course brings the classroom to you—interactive and real-time.

  • Classes run from 10 AM – 4 PM, fully online
  • Interact with instructors and get immediate answers
  • Access exam prep tools and practice exams online
For Course Enrollment. Recommended: high school education or equivalent skills in English/French and math.

For Licensing (FSRAO Requirements)

  • 18+ years of age
  • Resident of Canada
  • Ontario mailing address (no P.O. box)
  • Authorized and working with a single Mortgage Brokerage
  • Meet education requirements
  • Valid email address
  • Have already been licensed as a mortgage agent level 1 for at least 12 months over the last 24 months.
  • Complete an approved mortgage agent education program for a Mortgage Agent Level 1 licence. For more information, review the mortgage agent level 1 licence requirements.
  • Complete an approved education program for a Mortgage Agent Level 2 licence (Private Mortgage Course) within two years before you apply for the mortgage agent level 2 licence.
⏳Course Length: 47 hours (estimated)
📝Final Examination: 3 hours (Online using our Online Proctored Exam partner)
🌍Language: English
💻Course Delivery: Online
📆Enrolment Period: One week up to 6 months

Course content:
Chapter 1: INTRODUCTION TO PRIVATE MORTGAGES Chapter 8: INVESTOR/LENDER DISCLOSURE & COMMITMENT
Chapter 2: ROLE OF THE BROKERAGE Chapter 9: EXIT STRATEGIES
Chapter 3: ROLE OF THE REGULATORS Chapter 10: BORROWER DISCLOSURE
Chapter 4: LENDERS Chapter 11: CLOSING THE TRANSACTION
Chapter 5: TRANSACTION PROCESS Chapter 12: MORTGAGE ADMINISTRATION
Chapter 6: UNDERWRITING THE APPLICATION Chapter 13: FRAUD DETECTION AND PREVENTION
Chapter 7: SECURITY Chapter 14: ETHICS

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!

  • Format: Online Proctored or In-Person (Toronto)
  • Length: 3 hours
  • Type: Multiple Choice (case study-based questions included)
  • Attempts: 2 (1st free, 2nd via paid online or free in-person)
  • Passing Grade: 70% (35/50)
  • Certificate: Issued within 3 business days post-exam

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

More Info
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

More Info

Why people choose Remic for their career

4.9
Milles Ramirez
1 week ago
The course is worth it. It will enable you to build a career
Andrea Modica
1 week ago
Everyone was friendly and helped me if I had any concerns. Only problem is that after I completed the course, I was accused of cheating. I was studying every day for each module, so it was very disrespectful to tell me that I was cheating
fatima sereshti
1 week ago
Their LI course was great for those who want to pursue a career in the insurance industry
Jerryme Butabara
4 weeks ago
What i like most about the course was the clear explanation and structured learning approach
Behdad Khazaeli
1 month ago
I recommend REMIC courses, professionally designed with a very good support system
Ahmed Zammar
1 month ago
I recently completed my HLLQP course with REMIC, and overall I had a very positive experience. The course material was well-structured and easy to follow, The content breaks down complex concepts into manageable sections, which made studying much less overwhelming. I especially appreciated how the modules were organized in a way that builds your understanding step by step. The practice exams and quizzes were extremely helpful in preparing for the certification exams. They gave me a good sense of what to expect and helped reinforce key concepts. I found that consistently doing the practice questions made a big difference in my confidence going into the exams. Another strong point was the flexibility of the program. Being able to study at my own pace made it easier to stay consistent and balance everything else I had going on. Overall, I would recommend REMIC’s HLLQP course to anyone looking to get licensed in life insurance. It provides a solid foundation, good exam preparation, and a flexible learning experience that sets you up for success.

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
  • 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.
Mortgage Agent Level 2
  • 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.
Mortgage Broker
  • 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.
Individuals with one to five 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.

Mortgage Brokers – To maintain their mortgage broker licence, individuals must:

  • Complete the Private Mortgages Course (PMC) by March 31, 2024.
Individuals with less than one year of continuous licensing:

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.