Mortgage Agent Course
for the Mortgage Agent Level 1 Licence
The CMBA Ontario Accredited Mortgage Agent Course provides you with the knowledge and skills you need to become an effective mortgage agent holding the Mortgage Agent Level 1 licence and negotiate mortgage transactions with Financial Institutions.
This course is accredited by the Financial Services Regulatory Authority of Ontario (FSRA), and adheres to the Mortgage Broker Regulators Council of Canada (MBRCC) accreditation standards.
You must complete this course to achieve the mandatory education requirement to obtain your Mortgage Agent Level 1 licence in Ontario. This course is also available if you simply want to learn more about mortgages.
CMBA Ontario offers flexible learning options! Choose your learning path with 3 learning options:
The CMBA Ontario Mortgage Agent Course is Accredited by FSRA, the Financial Services Regulatory Authority of Ontario and adheres to the Mortgage Broker Regulators Council of Canada (MBRCC) accreditation standards.
Upon successful completion of this course, the student will be able to:
For the online course, students have up to 6-months from the date of registration to successfully complete the course.
Need more time? You may extend by 2-months for a fee of $75 + HST. You are allowed a maximum of 2 extensions, for up to 1 year total. Otherwise, you must pay the full course fee to restart your journey.
The final examination consists of 50 multiple choice questions and is conducted using an online proctoring system. You must write your examination online.
Students must successfully complete the final examination to pass the course. A minimum score of 60% is required to successfully pass. Only a Pass/Fail result will be provided.
Only 1 re-write is allowed, at a fee of $75 + HST.
In-person and Virtual Classroom: $365.00 (HST exempt)
Online Course: $365.00 (HST exempt)
2-month Course Extension: $75.00 plus HST
Exam rescheduling fee: $75.00 plus HST
Textbook is FREE to download! CMBA offers a digital textbook that is easy to navigate with embedded links and the ability to quickly search for content.
Physical textbook is available to purchase: $70.00 plus HST. A $20 shipping and handling fee will also apply. Please allow up to 4 weeks for delivery.
Step 1: Successfully pass CMBA Ontario ’s Mortgage Agent Course by achieving at least 60% in the final examination
Step 2: Find a brokerage in Ontario to work with
Step 3: The Principal Broker at the brokerage will register your licence with FSRA
Information on how to get a Mortgage Agent Level 1 licence is on FSRA’s website here: https://www.fsrao.ca/licensing/mortgage-agent/apply-new-mortgage-agent-licence
Online/Self-Study: No refund shall be given beyond 5 days of registration or if the first module has been opened. If within 5 days and no modules have been opened, a refund will be given minus 25% Administration Fees.
Virtual Classroom: No charge for rescheduling class if the request is made prior to the start of class. No refund shall be given after the first day of class. If before class has started, a refund will be given minus 25% Administration Fees.
If an Ontario License applicant is already licensed in another province, they can apply for a license using reciprocity, which eliminates the requirement to take the Mortgage Agent Course.
Should you have a complaint regarding the Course, the process, an instructor or another concern please submit your concerns to our Executive Director. Please include your Name, Contact Information & the details of your concern within your email.
Get answers to frequently asked questions here