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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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5.0
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Trusted by over 50,000 learners from leading companies across Ontario
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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

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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)

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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)

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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)

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blank 5/5 Google Review
Google Rating
5.0
1398 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

What is the mortgage agent level 2 licence?

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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.

How long is the course certificate valid for?

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The course is valid for licensing for 2 years from the date of completion.

What are the key dates?

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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)

What are the requirements to take the Private Mortgages Course (PMC)?

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Anyone can take this course.

What are the licensing and experience requirements?

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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.

What is the transition period for current licensees?

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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.

    What is the challenge exam?

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    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.

       

    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

    PMC Quiz
    What is your name?
    What is your name?
    First
    Last
    Are you currently mortgage licensed in Ontario?
    In the past 6 years, has your mortgage licence ever expired, been revoked or suspended?
    When did you first get mortgage licenced in Ontario?
    What is your current mortgage licence status in Ontario?

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    Sorry, we are unable to proceed with the quiz.

    You have indicated that you are currently not mortgage licensed in Ontario.

    Click on "submit" below to view your next steps.

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    Sorry, we are unable to proceed with the quiz.

     

    You have indicated that your mortgage licence has previously expired, been revoked or suspended.

    Click on the submit button below to get more information including your next steps.

    Use Shift+Tab to go back

    See what real REMIC graduates are saying!

    Google Rating
    5.0
    1398 reviews on
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    Very good. Specially the Instructor Derenis the best instructor.
    Shirjeel Jackson
    Shirjeel Jackson
    01:10 22 Mar 23
    I think this course is the best course for you to start a new career.
    C Mornan
    C Mornan
    00:09 21 Mar 23
    A lot of information to cover but the instructor helped make it understandable and relatable to the course material.
    Brent van den Akker
    Brent van den Akker
    20:28 19 Mar 23
    Kevin is a good teacher for mortgage courses, made concepts quite clear
    Akhil Saluja
    Akhil Saluja
    20:06 18 Mar 23
    Easily should be your 1st choice if looking for mortgage agent/broker course!
    Ryan Krelove
    Ryan Krelove
    20:25 15 Mar 23
    this course was an incredibly rewarding and enjoyable to learn and to participate in!
    Denis Desmarais
    Denis Desmarais
    21:45 14 Mar 23
    I am deeply grateful to the instructor for dedicating their time and effort to enhance the course through the use of videos and personal anecdotes to clarify complex concepts. Their teaching approach has proven to be highly effective, as the information readily comes to mind whenever I reflect on a particular topic.
    Abdulmalik Iyiola
    Abdulmalik Iyiola
    17:16 09 Mar 23
    Extremely knowledgeable instructors! Kevin did an amazing job getting us to think about questions and scenarios! He engaged us and really got us all to begin thinking like Mortgage Agents and how to build our own business! Thank you REMIC!
    Cory Bastain
    Cory Bastain
    20:49 24 Feb 23
    Well organized and very complete for regulatory licensing.
    Prof Orzel
    Prof Orzel
    16:28 16 Feb 23
    Great support and the online learning was very user friendly. I'd recommend REMIC for HLLQP Licensing.
    A Jelic
    A Jelic
    17:47 15 Feb 23
    The webinar from today with Stephen Cairns was very very useful for taking the exam!!! Thank you, REMIC, for the great resources you offer us!
    arina moldovanu
    arina moldovanu
    22:00 14 Feb 23
    On line course was easy to access and time saving.
    anil patel
    anil patel
    19:18 13 Feb 23
    I highly recommend REMIC, you certainly get value for your money, it is easily accessible, up to date and comprehensible.
    Dennis Johnson
    Dennis Johnson
    02:56 07 Feb 23
    Very well organized training material, I was fully prepared for the certification exam
    Olufemi Adalemo
    Olufemi Adalemo
    02:59 03 Feb 23
    excellent syllabus and professor provide knowledge about exam preperation.
    Yadwinder Singh
    Yadwinder Singh
    03:00 29 Jan 23
    I took the Mortgage agent course and found the content and the instructors very helpful.
    Mohammad Sabety
    Mohammad Sabety
    02:07 27 Jan 23
    Lots of information for a 1 week course but it is taught by great instructors who are very knowledgeable. I learnt so much in this course and I highly recommend it.
    S A
    S A
    21:25 20 Jan 23
    Thank you for all you have done to allow me the opportunity to advance my skills
    Gentle Spirit
    Gentle Spirit
    21:31 17 Jan 23
    easy to understand, the courses were carefully thought of to help aspiring new financial advisors
    finding lovely project
    finding lovely project
    00:33 17 Jan 23
    A valuable learning and training entity with enhanced learning opportunities that help you prepare for regulatory requirements in these regulated professions. Highly recommended for following, learning and preparing for licensing examinations.
    Adrian GULER
    Adrian GULER
    03:37 11 Jan 23
    online HLLQP training is great, excellent study material
    liu rick
    liu rick
    19:12 08 Jan 23
    Great customer service, support and course modules. If any one trying to get a mortgage broker license I would recommend to use REMIC 100%
    neel idnani
    neel idnani
    16:04 08 Jan 23
    Great instructor, great material plus it's a fun atmosphere.
    Glenn Curtis
    Glenn Curtis
    22:00 05 Jan 23
    The information was very helpful to me. it was especially helpful to know the different age numbers to target on each social media platform. will be signing up for more for sure. Thanks Cain! my instructors has been amazing. I'm very happy I decided to give my self this course as my Christmas gift, wish I had taken the chance sooner
    This course is very easy to follow on your own. If you put in the work and do all the practice tests, you are sure to do very well.
    sumanta mahabir
    sumanta mahabir
    21:53 20 Dec 22
    Valuable online mortgage agent course with instructor Kevin who gave a lot of examples to explain what going on. You won't know it by self-study. highly recommended!
    Karen Law
    Karen Law
    21:25 16 Dec 22
    The course was really simple, the time given was more than enough to prepare for the exam, very inexpensive, it was all I ever wanted for school, not having to go through years of training. Highly recommend.
    Alecia
    Alecia
    11:39 07 Dec 22
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