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Private Mortgages Course (PMC)

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.
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Trusted by over 50,000 learners from leading companies across Ontario

Private Mortgages Course

Registration Options

PMCCE

Challenge Exam

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

$148CAD

No tax

Includes:

  • Proctored exam session
  • 50 question exam
  • 1 attempt only

More info

PMC

Online Self-Study

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

$298CAD

No tax

Includes:

  • Self-paced online study
  • Direct message with instructor
  • Final exam (first attempt)

More info

PMC

Online Live Class

Choose between a 5 day Mon-Fri class or mixed-mode 2 Sat class.

$298CAD

No tax

Includes:

  • Scheduled webinar class
  • Real-time with instructor
  • Final exam (first attempt)

More info

PMC

In-Person Class

Choose between a 5 day Mon-Fri class or mixed-mode 2 Sat class.

$348CAD

No tax

Includes:

  • Scheduled in-person class
  • In-person with instructor
  • Final exam (first attempt)

More info

5/5 Google Review
Google Rating
4.9
1526 reviews on
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1 Year Enrollment
With full online access
English
Presented in the English language
70% Exam Grade
Required to pass the course
2 Years
Valid for licensing

Frequently Asked Questions

Popular FAQS

[chiac_divi_accordions chiac_i_header_padding=”||||false|false” chiac_i_right_icon_clr=”#FFFFFF” chiac_i_right_icon_bg_clr=”#000000″ chiac_i_right_icon_margin=”||||false|false” chiac_i_right_icon_padding=”0px|0px|0px|0px|false|false” admin_label=”FAQ Accordions Plus” module_class=”acccordions” _builder_version=”4.19.4″ _module_preset=”default” default_font=”Poppins|300|||||||” default_text_color=”#333333″ default_font_size=”1.2em” default_line_height=”1.6em” chiac_i_title_font=”Poppins|600|||||||” chiac_i_title_text_color=”#353535″ chiac_i_title_font_size=”18px” chiac_i_title_line_height=”1.4em” chiac_h4_font=”Poppins||||||||” chiac_h4_text_color=”#E02B20″ border_radii_chiac_i_right_icon=”on|50px|50px|50px|50px” saved_tabs=”all” global_colors_info=”{}”][chiac_divi_accordions_item title=”What is the mortgage agent level 2 licence?” chiac_subtitle_state=”off” chiac_title_padding=”0px|0px|0px|0px|false|false” chiac_body_padding=”30px|0px|0px|0px|false|false” chiac_r_icon_rotate=”on” chiac_r_icon_rotate_degree=”130deg” chiac_select_r_fonticon=”L||divi||400″ _builder_version=”4.19.4″ _module_preset=”default” chiac_title_font=”||||||||” chiac_text_font=”||||||||” chiac_h4_line_height=”1.4em” background_enable_color=”off” global_colors_info=”{}”]In 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.[/chiac_divi_accordions_item][chiac_divi_accordions_item title=”How long is the course certificate valid for?” chiac_subtitle_state=”off” chiac_title_padding=”0px|0px|0px|0px|false|false” chiac_body_padding=”30px|0px|0px|0px|false|false” chiac_r_icon_rotate=”on” chiac_r_icon_rotate_degree=”130deg” chiac_select_r_fonticon=”L||divi||400″ _builder_version=”4.19.4″ _module_preset=”default” chiac_title_font=”|600|||||||” chiac_text_font=”||||||||” chiac_h4_line_height=”1.4em” background_enable_color=”off” global_colors_info=”{}”]The course is valid for licensing for 2 years from the date of completion.[/chiac_divi_accordions_item][chiac_divi_accordions_item title=”What are the key dates?” chiac_subtitle_state=”off” chiac_title_padding=”0px|0px|0px|0px|false|false” chiac_body_padding=”30px|0px|0px|0px|false|false” chiac_r_icon_rotate=”on” chiac_r_icon_rotate_degree=”130deg” chiac_select_r_fonticon=”L||divi||400″ _builder_version=”4.19.4″ _module_preset=”default” chiac_title_font=”|600|||||||” chiac_text_font=”||||||||” chiac_h4_line_height=”1.4em” background_enable_color=”off” global_colors_info=”{}”]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)

[/chiac_divi_accordions_item][chiac_divi_accordions_item title=”What are the requirements to take the Private Mortgages Course (PMC)?” chiac_subtitle_state=”off” chiac_title_padding=”0px|0px|0px|0px|false|false” chiac_body_padding=”30px|0px|0px|0px|false|false” chiac_r_icon_rotate=”on” chiac_r_icon_rotate_degree=”130deg” chiac_select_r_fonticon=”L||divi||400″ _builder_version=”4.19.4″ _module_preset=”default” chiac_title_font=”|600|||||||” chiac_text_font=”||||||||” chiac_h4_line_height=”1.4em” background_enable_color=”off” global_colors_info=”{}”]Anyone can take this course.[/chiac_divi_accordions_item][chiac_divi_accordions_item title=”What are the licensing and experience requirements?” chiac_subtitle_state=”off” chiac_title_padding=”0px|0px|0px|0px|false|false” chiac_body_padding=”30px|0px|0px|0px|false|false” chiac_r_icon_rotate=”on” chiac_r_icon_rotate_degree=”130deg” chiac_select_r_fonticon=”L||divi||400″ _builder_version=”4.19.4″ _module_preset=”default” chiac_title_font=”|600|||||||” chiac_text_font=”||||||||” chiac_h4_line_height=”1.4em” background_enable_color=”off” global_colors_info=”{}”]

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.

[/chiac_divi_accordions_item][chiac_divi_accordions_item title=”What is the transition period for current licensees? ” chiac_subtitle_state=”off” chiac_title_padding=”0px|0px|0px|0px|false|false” chiac_body_padding=”30px|0px|0px|0px|false|false” chiac_r_icon_rotate=”on” chiac_r_icon_rotate_degree=”130deg” chiac_select_r_fonticon=”L||divi||400″ _builder_version=”4.19.4″ _module_preset=”default” chiac_title_font=”|600|||||||” chiac_text_font=”||||||||” chiac_h4_line_height=”1.4em” background_enable_color=”off” global_colors_info=”{}”]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.

    [/chiac_divi_accordions_item][chiac_divi_accordions_item title=”What is the challenge exam?” chiac_subtitle_state=”off” chiac_title_padding=”0px|0px|0px|0px|false|false” chiac_body_padding=”30px|0px|0px|0px|false|false” chiac_r_icon_rotate=”on” chiac_r_icon_rotate_degree=”130deg” chiac_select_r_fonticon=”L||divi||400″ _builder_version=”4.19.4″ _module_preset=”default” chiac_title_font=”|600|||||||” chiac_text_font=”||||||||” chiac_h4_line_height=”1.4em” background_enable_color=”off” global_colors_info=”{}”]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.

       

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    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

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    See what real REMIC graduates are saying!

    Google Rating
    4.9
    1526 reviews on
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    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
    The first webminar 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 webminar.
    Lydia Pinto
    Lydia Pinto
    15:04 28 Jun 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
    Great course! Love that you can choose between the different options to learn at your own pace, or have access to an instructor.
    Serena Albers-Boonstra
    Serena Albers-Boonstra
    00:46 05 May 23
    I found he training and the ongoing webinars useful and well put together.
    Elena Johnstone
    Elena Johnstone
    15:47 04 May 23
    Well organized, professionally done. Instructor is excellent
    Sylvia MacLeod
    Sylvia MacLeod
    16:14 01 May 23
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