REMIC RMAC Mortgage Agent Exam Prep Textbook & Study Kit Real Estate & Mortgage Institute of Canada
The study contains everything you need to ace your REMIC RNAC Mortgage Agent Exam.
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Study Kit Contents
Part 1 Readings, study notes and cases for all chapters:
Chapter 1: Market Overview
Chapter 2: Basic Mortgage Concepts
Chapter 3: Advanced Mortgage Concepts
Chapter 4: Property Ownership in Ontario
Chapter 5: Regulation and Legislation
Chapter 6: Transaction Overview
Chapter 7: Insurance in the Mortgage Industry
Chapter 8: Calculating a Mortgage Payment
Chapter 9: Attracting a Client
Chapter 10: First Contact
Chapter 11: The Initial Consultation
Chapter 12: Application Analysis Borrower Documents
Chapter 13: Application Analysis Application Ratios
Chapter 14: Application Analysis Borrower Credit
Chapter 15: Application Analysis The Property
Chapter 16: Choosing the Lender
Chapter 17: Submitting the Application
Chapter 18: Borrower Disclosure
Chapter 19: Closing the Transaction
Chapter 20: Contract Law
Chapter 21: Mortgage Remedies
Chapter 22: Mortgage Fraud
Chapter 23: Ethics and Mortgage Brokering
Part 2 Exam Questions and Answers
100 Mock exam questions and answers
Part 3 Flashcards
Printable index cards with a question on the front and answer on the back. These can be shuffled to test your knowledge
There are 3 steps to get mortgage agent licensed in Ontario:
1. Pass The Course - the mortgage agent course can be done in as little as 5 days
2. Get Hired - you must join a mortgage brokerage first before you can get licensed.
3. Complete the FSRA Application - the FSRA (formerly FSCO) licensed mortgage brokerage applies to FSRA for your mortgage agent license.
Required Legal Disclaimer
The trade-marks . Real Estate and Mortgage Institute of Canada® (REMIC®) are trade-marks owned by Real Estate and Mortgage Institute of Canada. Real Estate and Mortgage Institute of Canada does not sponsor, license or necessarily recommend these notes and study material for any of its courses. Our firm is an independent supplier of educational services. Exam preparation materials are not sponsored by any other industry organization.