June 18, 2021
Mortgage Broker Course,Mortgage Agent Course for Licensing in Ontario

Mortgage Dealer Course,Mortgage Agent Course for Licensing in Ontario

Mortgage Agent Course Overview

Course Abstract:
Course Size: 47 hours (estimated)
Course Supply: In-class, stay webcast, on-line or combined mode (in-class and on-line)
Ultimate Examination: 3 hours (should be written in man or women)
Enrolment Interval: one week as much as 6 months

Matters Lined:
REMIC’s mortgage agent course is predicated on the textbook ‘Mortgage Brokering in Ontario – Agent Version’ written by REMIC founder Joseph White. The textbook is comprised of 23 totally different chapters, that contact on all of the facets which are included within the mortgage course of.

For an in depth breakdown of the kind of data that’s within the course, you may click on right here to view the complete desk of contents.


REMIC presents 3 several types of in-class registration (programs) designed to satisfy the various wants of our college students preferring the in-class expertise. All programs run from 10AM – 4PM and all modes embrace:

  • A tough copy of the mortgage agent textbook
  • Rapid full on-line entry together with a examination preparation information and observe exams
  • The examination and a free rewrite if neccessary

Monday to Friday

  • Good if wish to full the course rapidly and may committ a full week
  • 5 days in-class in a row Monday – Friday
  • the examination is written on Friday

2 Saturdays

  • Good for you if you’d like “face time” together with your teacher however you may’t decide to a full week
  • 1st Saturday in-class, 6 days on-line, 2nd Saturday in-class
  • the examination is written on the second Saturday

5 Sundays

  • Good if you’d like 5 full days in-class however cannot commit 5 consecutive days
  • 5 consecutive Sundays in-class
  • the examination is written on the final Sunday


REMIC presents 3 several types of stay webcast registration (programs) designed to satisfy the various wants of our college students preferring the live-class expertise. All programs run from 10AM – 4PM and all modes embrace:

  • A tough copy of the mortgage agent textbook
  • Rapid full on-line entry together with a examination preparation information and observe exams
  • An in-person examination and a free in-person rewrite if needed (extra charges could apply for on-line proctored exams)

Stay webcast programs are good for you for those who want the stay course expertise however don’t wish to attend a bodily in-class setting. Through the net class it is possible for you to to ask questions and get instant response from the trainer.


The net course is greatest fitted to these college students who’re capable of work on their very own, take pleasure in or want to have the ability to work at their very own tempo and have a minimal degree of self-motivation. This model of the course presents the pliability to satisfy even probably the most demanding schedules.

REMIC presents 2 several types of on-line programs. On-line registration with a tough copy of the textbook for $365 and on-line registration with an e-textbook (pdf) just for $338.

Every model contains:

  • Devoted on-line instrcutor
  • Rapid on-line entry together with a pdf tender copy of the textbook
  • On-line quizzes, discussions, assignments, video tutorials and the examination prep information and observe examination
  • End the course from inside 1 week or take as much as 6 months
  • Exams each Monday and Friday in Toronto, each different Monday in Mississauga, or at any Faculty or College of your alternative

FAQ Matters- Click on on a subject to see the accessible questions

FAQ Questions – Click on on a query to see the replyTax Deductions


On-line assignments


Job Placement

Registration / Paying for a course


On-line course

In-Class Programs

FAQ Solutions
Do I get a T2202A? T2202A varieties are issued to college students who’ve paid $100.00 or extra in eligible charges for qualifying programs starting and ending in a specific calendar yr.

Is that this course tax deductible?In depth questions concerning the usage of the T2202A kind within the tax preparation course of needs to be directed to Income Canada. Tax guides can be found from any Income Canada workplace or a Submit Workplace. Income Canada additionally publishes a booklet known as “College students & Earnings Tax” – Authorities kind P105(E).

When do you concern the T2202A? Official receipts for earnings tax functions overlaying tuition charges paid for qualifying programs taken through the previous calendar yr can be found in late February. In accordance with Income Canada laws, official receipts (T2202A Kinds) are solely issued for tuition charges totalling $100.00 or extra. Supplies and administrative charges are usually not eligible for tax deduction.

How lengthy is the ultimate examination? You’ve gotten 3 hours to finish the examination.

What number of questions are on the ultimate examination? The ultimate examination consists of fifty a number of alternative questions, many primarily based on case research which are designed to check your information and understanding of the course materials as required by the Monetary Providers Regulatory Authority of Ontario (FSRA).

The place can I write my ultimate examination? If you’re doing the course on-line and inside the GTA, REMIC hosts examinations at our head workplace coaching facility each week at Sheppard and Victoria Park. If you’re doing the course on-line and are exterior the GTA, you may select to jot down your examination at any Faculty or College check centre of your alternative. If you’re doing an in-class course, you’d write the examination on the final day of the course. REMIC presents programs at each our Toronto and Mississauga location.

When will I get my grade / know if I handed? If writing in man or women within the GTA you should have entry to your ultimate mark on-line the identical day as you wrote your examination. If writing at a Faculty or College we’ll sometimes advise you inside 24 hours as we request that the Faculty or College fax your examination to us instantly in addition to courier your unique examination to us.

When do I get my certificates if I cross? After you have been notified that you’ve handed the course you can be required to log in to the net part of the course and full our suggestions. You’ll then be capable to print your certificates of completion and put it aside electronically.

What do I’ve to carry to the examination? You could carry your photograph ID (both a driver’s license or legitimate passport) and one extra piece of legitimate identification, , a pen or pencil and your calculator. No different aids are allowed through the examination.

Do I’ve to do the net assignments and discussions? No, nevertheless they’re designed that can assist you perceive the fabric and can vastly enhance your probabilities of passing the ultimate examination. Whereas your ultimate grade is predicated solely on the ultimate examination, it’s strongly beneficial that you just full all assigned duties within the course.

Is that this course acknowledged by the regulator / Monetary Providers Regulatory Authority (FSRA)?Sure, the REMIC Mortgage Agent Course (RMAC) is authorised by FSRA and meets the academic necessities to acquire a mortgage agent license in Ontario.

How do I apply for my license as soon as I am completed the course? After you have handed the course it’s essential to then be employed by a licensed mortgage brokerage that may provoke the licensing course of in your behalf. It is a Monetary Providers Regulatory Authority (FSRA) requirement.

Do I’ve to take persevering with schooling to take care of my license? Sure, there’s a necessary course that you’ll want to take earlier than you’ll be able to renew your license. In 2012 it was the Mortgage Dealer Re-Licensing Schooling 2012 course, which was a 5 hour course. We supplied it on-line for $30 and in-class for $50.

Do I’ve to start the course on a particular date? If taking RMAC on-line you’ve gotten the pliability to start your course at any date, and you might full it inside as little as one week or as much as 6 months – the selection is yours. If taking the in-class course it’s essential to start and finish the course on set dates.

How a lot time ought to I dedicate to the course every day? This relies on your studying expertise. Whereas some take longer others be taught and perceive the fabric extra rapidly. The course is designed to be accomplished in 47 hours, which incorporates on-line workouts, tutorials, assignments, exams, and studying. We propose that you just put aside a minimum of this period of time to finish the course.

How do I obtain my textbook? You’ll obtain a web based login instantly following your registration that offers you entry to an digital model of the textbook, whether or not you’re doing the course in-class or on-line. This fashion you may get began within the course instantly! REMIC may even ship you a tough copy of the textbook inside 2 enterprise days.

What’s the price of the course? The price of the course is $345, which incorporates the textbook, on-line supply, the examination and a free rewrite if wanted. There are not any different prices related to the course apart from GST.

How can I pay for the course? By REMIC’s safe procuring cart you may pay by bank card or utilizing your PayPal account.> In man or women at 2175 Sheppard Avenue East, Suite 213 the place you may pay by debit card, Visa, Mastercard or money.

Who teaches the course? Solely certified, skilled trade consultants are used to show the course, which was developed by veteran trade skilled and REMIC President, Joseph J. White who can also be the writer of the textbook.

How does job placement work? After you have handed the course you should have the choice to create a free account within the REMIC Shark Financial institution. The Shark Financial institution permits you to view job postings from brokerages throughout Ontario. Like a typical job financial institution, mortgage brokerages may even have entry to your resume and canopy letter (do you have to embrace them), permitting them to contact you immediately and setup an interview. REMIC will present you data and sources that may help you within the interview course of; understanding the procedures and realizing the best questions are important when selecting a brokerage to hitch as a mortgage agent. It is a fully free service for all earlier REMIC RMAC college students.

What if I fail the examination? For those who fail the examination you may organize a rewrite examination at no extra value to you on the subsequent accessible examination date. For those who fail the rewrite it’s essential to re-enroll within the course, paying the complete tuition plus GST. It is a FSRA requirement.

Do I must be web or “tech savvy” to take the net course? No, the course is designed for these with fundamental computing expertise, nevertheless the course comprises wealthy, interactive content material designed to interact you.

What if I disagree with my examination grade? For those who fail the examination you might request to overview it at a time handy to each your self and REMIC. Please check with our Insurance policies and Procedures Guide for extra data.

Do I’ve entry to a “stay” man or women within the on-line course? After all! Your Professor, an trade skilled, is there to assist, Monday to Friday throughout common enterprise hours.

Am I by myself within the on-line course? No, we’re right here to assist! Your on-line course has a devoted Professor who will work together with you, answering your questions and serving to you alongside the best way, while you want it. As well as, you’ll be able to talk together with your fellow college students within the course through chat message and open discussions.

Are there any stipulations to taking the course? No, the course is out there to anybody, nevertheless it is strongly recommended that you’ve a minimum of a highschool schooling with equal English or French language and math expertise.

When can I drop the course and get a refund? Can I switch or get an extension? A scholar who needs to withdraw from RMAC could achieve this by finishing the request to withdrawal kind and submitting it to REMIC. Please click on right here to open the Pupil Tutorial Coverage which incorporates the withdrawal kind. Upon receipt the request will likely be processed primarily based on the next schedule: After registration however earlier than the examination AND inside 30 days of registration: 100% refund MINUS a $150 withdrawal price. Throughout or after the examination or after 30 days after registration: No credit score and No refund.

What’s the cross/fail price? REMIC doesn’t publicize these statistics as they haven’t any impression in your particular person outcomes and in publicizing these kinds of statistics a scholar could put kind of work into the course than required primarily based on his or her notion. College students could defer the examination indefinitely if she or he feels unprepared for the examination. There isn’t a value for this privilege.

I am not ready for the examination. What can I do? You’ll be able to request to defer the examination with out value or penalty, so long as the course is accomplished inside 6 months of preliminary registration. This feature is out there to each on-line and in-class college students. As REMIC hosts open examinations each week, if you find yourself prepared you may e book your self in and write the examination.

Can I work at my very own tempo? Sure. You’ll be able to full the course in as little as one week or take as much as 6 months – the selection is yours.

What’s the distinction between an agent and a dealer? A dealer and agent each ‘dealer’ mortgages, nevertheless a dealer can also rent brokers and be the principal dealer of a brokerage (equal to the Chief Compliance Officer). A dealer doesn’t essentially earn extra on a mortgage transaction than an agent. As well as, a dealer will need to have been a licensed agent for a minimum of two years, take and cross the dealer course for licensing, and be authorised by FSRA to improve his or her license from an agent to a dealer.

As soon as registered, how lengthy does it take earlier than I get entry to the net course? Whether or not you register for an in-class or on-line course you should have instant entry to the net data. This features a tender copy of the textbook, audio-backed video tutorials, assignments, discussions, a case research and a full examination prep information and observe examination. REMIC may even ship you a tough copy of the textbook inside 2 enterprise days. All registrations are topic to REMIC’s acceptance coverage. Any college students not accepted may have their registration price absolutely refunded.

Is that this course provided in home at brokerage’s workplaces? REMIC presents the REMIC Mortgage Agent Course (RMAC) in home to a number of brokerages, primarily based on the brokerage assembly sure high quality management {and professional} requirements. The course is taught by a REMIC Professor and commonplace examination safety is employed whatever the location of the course. There isn’t a distinction within the course value, content material and/or examination, no matter the place it’s delivered. The price of the course is $345. A brokerage could cost a further price to the scholar for extra companies it supplies earlier than or after the course, nevertheless the REMIC cost is $345 and REMIC doesn’t cost nor does it obtain any extra charges.

How lengthy is the course legitimate/good for? The course is legitimate for two years from the time you cross your examination. If you don’t acquire a mortgage agent license inside this time it’s essential to retake the course.

How do I register for the mortgage agent licensing course? Registration is straightforward. Merely go to www.remic.ca/agentcourse and observe the directions utilizing our safe on-line cost system. You can too register in man or women at our head workplace coaching facility at 2175 Sheppard Ave East Suite 213, North York, ON, M2J1W8 (Enterprise hours are Mon-Fri, 9AM – 5PM). We settle for Visa, Mastercard, Amex, debit, money or licensed cheque.