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Mortgage Agent Exam Ontario RMAC Through REMIC

Citation & Credit: https://www.remic.ca/information-for-new-students/

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Download a pdf version of the study books at www.coursetreelearning.com

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RMAC Course Overview – REMIC Mortgage Agent Course for Licensing (RMAC)

The first step in becoming a licensed mortgage agent begins with taking and completing the REMIC mortgage agent course for licensing (RMAC). This course is required by the Financial Services Commission of Ontario (FSCO) to become a licensed mortgage agent or mortgage broker in Ontario.

Table of Contents

  • Course Summary

  • How to Register in 2 Steps

  • What happens once I Register

  • Topics Covered

  • Course Duration

  • Course Formats

  • Inclass courses

  • Online courses

  • Course and Academic Support

  • The Final Exam

  • Mortgage Agent Course Prerequisites

  • Licensing Prerequisites

  • Registration Policy

Mortgage Agent Course Summary

  • Course Length: 47 hours

  • Course Delivery: online, live webcast or in-class

  • Final Examination: 3 hours (Online through our Online Proctored Exam partner)

  • Enrollment Period: one week up to 6 months



How to Register in 2 Steps

Step 1: Choose your course mode, either in class, live webcast or online. If you choose the in class or live webcast you have 3 different options to choose from:

  • 5 days Mon to Fri – 5 days in class in a row

  • 2 Saturdays – 2 consecutive Saturdays in class with 6 days online in between

  • 5 Sundays – 5 consecutive Sundays in class.



Step 2: If in class or live webcast click on a course date to register. If online click here or go to www.remic.ca/online to see the online course options. Choose one by clicking on “register now”.

  • Registrations are accepted online, by telephone at 877-447-3642 or in person at 2175 Sheppard Ave East suite 307 (our office is closed at this time due to COVID-19).



What happens once I Register?

Once you complete your registration, you will receive a confirmation email with your course details. All course options come with immediate access to an online section of the course. Once registered you can log in right away. You will also receive a hard copy of the textbook via Canada Post within 2 business days (there may be delays due to COVID-19) unless you registered for the e-textbook course OR unless your course starts within 5 business days – in this case you will be given your textbook in class on your first day. Of course you still have immediate access to the online version of the textbook.

Topics Covered

The topics in the course are all based on REMIC’s textbook ‘Mortgage Brokering in Ontario – Agent Edition. The textbook is comprised of 23 different Chapters as per below, that touch on all the aspects that are included in the mortgage process. If you are looking for a detailed breakdown of the type of information that is in the course, you can click here to view/download a full table of contents.


Chapter 1: Market OverviewChapter 13: Application Analysis – Application RatiosChapter 2: Basic Mortgage ConceptsChapter 14: Application Analysis – Borrower CreditChapter 3: Advanced Mortgage ConceptsChapter 15: Application Analysis – The PropertyChapter 4: Property Ownership in OntarioChapter 16: Choosing the LenderChapter 5: Regulation and LegislationChapter 17: Submitting the ApplicationChapter 6: Transaction OverviewChapter 18: Borrower DisclosureChapter 7: Insurance in the Mortgage IndustryChapter 19: Closing the TransactionChapter 8: Calculating a Mortgage PaymentChapter 20: Contract LawChapter 9: Attracting a ClientChapter 21: Mortgage RemediesChapter 10: First ContactChapter 22: Mortgage FraudChapter 11: The Initial ConsultationChapter 23: Ethics and Mortgage BrokeringChapter 12: Application Analysis – Borrower DocumentsFinal Case Study


Mortgage Agent Course Duration

For the in class courses the examination is set for the last day of the course. You can choose to defer the exam at no penalty as long as you complete it within 6 months. For the live web class and the online course you must complete the course within 6 months. However, most students get through it much faster.

Mortgage Agent Course Formats

We offer several different types of in-class courses designed to meet the varying needs of our students who prefer the in-class experience. The material is the same as in the online course, however in class you also have the benefit of the live experience. Another main difference between the online and the in-class course is the time allotted to complete the course. The online course can be completed in up to 6 months, while the in class course is completed in its format. So a five day course is completed in those five days, while 5 Sundays are completed in that time frame. However, if you don’t feel that you are prepared to write the exam at the end of the in class course (perhaps you could not devote the time necessary during the course) you can defer the exam at no cost. It’s as simple as requesting that from your instructor. You will also receive a hard copy of the textbook within 2 business days unless your course starts within 5 business days – in this case you will be given your textbook in class on your first day. Of course you still have immediate access to the online version of the textbook.

In Class / Live Webcast Course Format – $385

ALL in class courses include full online access to video tutorials, interactive quizzes, discussion questions, a case study, a full exam prep guide and practice examination. REMIC offers 3 different types of in-class/live webcast courses designed to meet the varying needs of our students who prefer the in-class experience. All courses run from 10AM – 4PM:

  • Monday to Friday

  • Perfect if want to complete the course quickly and can committ a full week

  • 5 days in-class in a row Monday – Friday

  • the exam is written on Friday


  • 2 Saturdays

  • Perfect for you if you want “face time” with your instructor but you can’t commit to a full week

  • 1st Saturday in-class, 6 days online, 2nd Saturday in-class

  • the exam is written on the second Saturday


  • 5 Sundays

  • Perfect if you want 5 full days in-class but can’t commit 5 consecutive days

  • 5 consecutive Sundays in-class

  • the exam is written on the last Sunday