Mortgage Agent Level 2 Course

This Course Is Required For All Mortgage Licensees In Ontario Who Want To Upgrade To The Agent Level 2 Licence Or Who Want To Maintain Their Mortgage Broker Licence.

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Private Mortgages Course

Registration Options

Challenge Exam

ONLY for eligible agents and brokers until October 31, 2023

148CAD

No tax
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Includes:
  • Proctored exam session ONLY
  • No additional resources (as per FSRA)
  • 1 attempt ONLY
  • 50 question exam (80% to pass)
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ONLINE COURSE

Work at your own pace and finish fully online with up to 1 year access.

298CAD

No tax
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Includes:
  • Self-paced online study
  • +All online resources
  • Direct message with instructor
  • Online exam prep
  • 50 question exam (70% to pass)
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Live Webcast

Choose between a 5 day Mon-Fri class or 2 Saturdays class.

298CAD

No tax
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Includes:
  • Live, scheduled webinar class
  • +All online resources
  • +Live interaction with your instructor
  • +Live online exam prep session
  • 50 question exam (70% to pass)
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In-Class Course

Choose between a 5 day Mon-Fri class or 2 Saturdays class.

348CAD

No tax
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Includes:
  • Live, In-person classes
  • +All online resources
  • ++In-person instructor interaction
  • ++In-person exam prep session
  • 50 question exam (70% to pass)
More Info
Google Rating
4.9
Based on 1810 reviews
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1 Year Enrollment

With full online access

40+ Hours

Video Tutorials

70% Exam Grade

Required to pass (80% for the challenge exam)

2 Years

Valid for licensing

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What Our Students
are Saying About us

Real-time google reviews
Google Rating
4.9
Based on 1810 reviews
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4.9
Brian Veeren
Brian Veeren
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.
Candice Dietrich
Candice Dietrich
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!
James Figliomeni
James Figliomeni
I loved the structure of the course and the learning path. The instructors are extremely professional and engaging. Kevin is a wealth of knowledge and experience...Thank you All!!
Gwenda Lambert
Gwenda Lambert
Easy to follow, great examples. I would recommend for anyone entering the life insurance business
Jacqueline Ward
Jacqueline Ward
I wanted to start a new career and they made it easy to get going. I completed the Life Insurance course in 30 days due to their well laid out program.
Terry Allison
Terry Allison
Day 1 of the LLQP course online was just what I needed. Damian was very helpful, entertaining, and knowledgeable. I'm confident that this training and resources will allow me to take the LLQP exams with confidence.
Lisa Marks
Lisa Marks
The layout of the course and ease of doing it in an online format were what made me decide to proceed with doing the course. The option to be able to complete the course within 7 days up to 6 months allows for time management and to work with your own schedule. The text and online video's help to give you the best understanding of the content for this course.
Todd Marple
Todd Marple
I highly recommend REMIC. The learning experience was truly next level. The courses and materials were all user friendly and access to support was virtually a click away. Thank you for the knowledge and may you continue educating the generations to come.Best Regards,T. Marple
Piyush Tiwari
Piyush Tiwari
I took up Mortgage Agent 1 course, it was very elaborated and informative course. Really enjoyed the exam prep course with the instructor.
Romane Kerr
Romane Kerr
The course was well received in its most simplest form. From the comfort of my convenience, it was well received and understood. The practice quiz and Examination played a major role in my success and also the discussion panel brought clarity to the material. I will encourage anybody who has the desire to learn more about mortgage to use REMIC’s online material and course thank you.
Jason Fox
Jason Fox
An excellent course to prepare for your provincial licensing exam.
Fraser MacMillan
Fraser MacMillan
I found the course exciting and interesting in a user-friendly way.The more I studied, the more I felt I was in an industry that really helped people protect their families through insurance!
Mary B
Mary B
Currently taking the REMIC program and have found the resources and course extremley helpful
Vishal Shah
Vishal Shah
Great study material and mentors teaching courses for Mortgage Agent Level 1
Josée Grandmaison
Josée Grandmaison
Excellent course delivery and fantastic value added services like career workshops, job banks and additional content!
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Frequently Asked Questions

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.
  • 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.
See full FAQ here

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