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.

Google Rating
4.9
Based on 1533 reviews
js_loader

Trusted by over 50,000 learners from

leading companies across Ontario

Private Mortgages Course

Registration Options

Challenge Exam

For those eligible choose to register for one attempt at the exam.

148CAD

No tax
  • More Info
    More Info
Includes:

ONLINE COURSE

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

298CAD

No tax
  • More Info
    More Info
Includes:

Live Webcast

Choose between a 5 day Mon-Fri class or 4 weeks of weeknights.

298CAD

No tax
  • More Info
    More Info
Includes:

In-Class Course

Choose between a 5 day Mon-Fri class or 4 weeks of weeknights.

348CAD

No tax
  • More Info
    More Info
Includes:

1 Year Enrollment

With full online access

40+ Hours

Video Tutorials

70% Exam Grade

Required to pass the course

2 Years

Valid for licensing

Not sure if you need

take this course?

Take the 1 minute PMC requirements quiz below to find out what your next steps should be

Step 1 of 6

What Our Students
are Saying About us

Real-time google reviews
Google Rating
4.9
Based on 1533 reviews
js_loader
Thoroughly enjoyed the Mortgage Agent course! It was a lot of learning but my instructors were very knowledgeable and also shared what they know from being in the industry as well.
Nordia R.
Nordia R.
20:15 22 Sep 23
I only leave reviews when I have had an extraordinarily good or bad experience with a business.Sometimes all it takes is one person to change your experience from bad to great. I would like to thank Dua S., Senior Academic Advisor, for being that person at Remic.I had been struggling with an IT issue that had not been solved for some time. Dua called me back first thing in the morning after hearing the voicemail that I had left the day before. She took the time to listen, and explained how and why things had happened and how she would make sure that it would be solved very soon. Less than 1 hour later, I receive not only an email, but also a follow up call from Dua notifying me that the issue had been fixed. I am beyond impressed with her high level of professionalism, customer service, honesty, and courtesy. We need more people like her representing businesses!Thanks Dua, I really appreciate you 🙂
Roula Nabbouh
Roula Nabbouh
19:53 16 Sep 23
Great course, was and is very informative and you come out in the end well prepared for the provincial exams. The support through out the modules was great!
Erin Frost
Erin Frost
14:19 14 Sep 23
The first webinar I attended helped to understand the mortgage agents' path to get into the career and all the options available to get there. Thank you for this informative webinar.
Lydia Pinto
Lydia Pinto
16:56 13 Sep 23
Remic makes it easy for you to learn about mortgages and become a mortgage agent . They make learning simple for students and do not dump information on you. My instructor is Kevin and he's great
Arif Rafeek
Arif Rafeek
20:09 21 Aug 23
Well organized, course materials and contents are easy to understand and follow. Quizz and Test are straight forward and to main key points
Tri Truong
Tri Truong
04:33 16 Aug 23
I've taken 2 courses at REMIC and very pleased with the instructors and the presentation style! I would highly recommend REMIC!
Philip S. Varughese
Philip S. Varughese
15:47 15 Aug 23
The instructor was phenomenal and seasoned. He made the session very interactive and answered all the questions the group had. Gave very simple examples which made the topic easy to understand.
tarun anand
tarun anand
22:12 14 Aug 23
Damian is clear,, consise and gives you realistic examples which aids in the clarity. I have taken this with someone else and I find this instructor polite in answering your questions.
Donna McCollin
Donna McCollin
20:05 29 Jul 23
Course is thorough and video tutorials are very helpful. Overall satisfied.
Carlo Cardenas
Carlo Cardenas
23:29 18 Jul 23
HE is too good, patience, understanding, through knowledge, matchless , can turn a failure in to a success with his knowledge and teaching skills, a rare professor
Amarjeet Sodhi
Amarjeet Sodhi
20:09 13 Jul 23
Couldn't have asked for a better online course - everything was extremely clear.
Sam Issa
Sam Issa
15:04 12 Jul 23
Kevin is a fantastic instructor. He is well planned, thought out and concise in his explanations and addresses questions with relevant and easy to understand examples. I had a wonderful experience learning from him.
Jesse Hermez
Jesse Hermez
20:05 07 Jul 23
I took both my HLLQP (life Insurance) license and my mortgage license with Remic. I strongly recommend this company to get your licenses. The online course and study questions, teaching and communication were all excellent. In addition, Remic offered other webinars, such as the The Elevator Pitch, Open AI which I attended. So Remic does really care about our success in the industry. Thank you Remic.
Christabelle Mahadeo
Christabelle Mahadeo
15:55 06 Jul 23
Great resources to learn the material in an efficient process.
bobmilkyway
bobmilkyway
02:26 25 Jun 23
Absolute professional and dedicated tutors. Easy learning materials and a place for any newcomer to learn about the art of mortgage as a profession.
Olojede Kolade
Olojede Kolade
04:10 21 Jun 23
Great online course for becoming a mortgage agent and understanding mortgages and the industry.
Kylo
Kylo
17:29 16 Jun 23
REMIC is a great learn about mortgage industry and enhance your knowledge in this field.
Tariq Mahmood
Tariq Mahmood
15:07 14 Jun 23
Great instructors and very informative live webinars - just completed the mortgage agent course and will be taking life insurance shortly. Highly recommend!
Eric Hoang
Eric Hoang
15:04 14 Jun 23
Excellent support for exam prep and recommend the 5 day workshop. Material is easy to read and quizzes are very helpful. Only negative I can say is I never received responses from teachers when message them via my REMIC profile so I just asked my questions during the workshop. This is an excellent school for your license.
Leigh` Smith
Leigh` Smith
20:05 09 Jun 23
Now offers free webinars for business improvement! Just attended the Social Media in 20 Minutes and was introduced to a lot a great resources!
Kayley Miller
Kayley Miller
17:46 01 Jun 23
Great webinar on ChatGPT! Thank you for sharing with our industry!
Rita Wagner
Rita Wagner
16:33 18 May 23
I just completed the Career Launch Workshop with Cain Daniel. The content and delivery of the workshop was great. I learned the "necessary" key points of expectations for my next upcoming success of my life. Thank you for the knowledge.
Daisy Flores
Daisy Flores
15:49 17 May 23
It provides high quality professional courses and is very useful.
Dong Boris Liang
Dong Boris Liang
02:27 16 May 23
js_loader

Frequently Asked Questions

Popular FAQS

n 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)

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.

The challenge exam is a 50 question multiple choice examination that upon successful completion replaces the requirement to complete the Private Mortgages Course (PMC).

The challenge exam may only be attempted once; individuals who do not pass the challenge exam must complete the Private Mortgages Course (PMC).

The challenge exam option is ONLY available to those licensees that:

  • have five or more years of continuous licensing experience
  • believe they have the experience and competencies reflected in the new education requirement to be a mortgage agent level 2 or mortgage broker. View MBRCC’s Private Lending Competencies and Curriculum.

Join over
50,000 REMIC students!

Join 50,000+ learners who have registered with REMIC in the last 10 years