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
PMC
Online Self-Study
Work at your own pace and finish fully online with up to 1 year access.
$298CAD
Includes:
- Self-paced online study
- Direct message with instructor
- Final exam (first attempt)
PMC
Online Live Class
Choose between a 5 day Mon-Fri class or mixed-mode 2 Sat class.
$298CAD
5/5 Google Review Google Rating
1398 reviews on
1 Year Enrollment
With full online access
With full online access
English
Presented in the English language
Presented in the English language
70% Exam Grade
Required to pass the course
Required to pass the course
2 Years
Valid for licensing
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.
attain one year of experience AND complete the Private Mortgages Course (PMC)
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:
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:
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.
See what real REMIC graduates are saying!
Google Rating
1398 reviews on
Very good. Specially the Instructor Derenis the best instructor.
Shirjeel Jackson
01:10 22 Mar 23
I think this course is the best course for you to start a new career.
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
20:28 19 Mar 23
Kevin is a good teacher for mortgage courses, made concepts quite clear
Akhil Saluja
20:06 18 Mar 23
Easily should be your 1st choice if looking for mortgage agent/broker course!
Ryan Krelove
20:25 15 Mar 23
this course was an incredibly rewarding and enjoyable to learn and to participate in!
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
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
20:49 24 Feb 23
Well organized and very complete for regulatory licensing.
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
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
22:00 14 Feb 23
On line course was easy to access and time saving.
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
02:56 07 Feb 23
Very well organized training material, I was fully prepared for the certification exam
Olufemi Adalemo
02:59 03 Feb 23
excellent syllabus and professor provide knowledge about exam preperation.
Yadwinder Singh
03:00 29 Jan 23
I took the Mortgage agent course and found the content and the instructors very helpful.
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
21:25 20 Jan 23
Thank you for all you have done to allow me the opportunity to advance my skills
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
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
03:37 11 Jan 23
online HLLQP training is great, excellent study material
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
16:04 08 Jan 23
Great instructor, great material plus it's a fun atmosphere.
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
Nordia Bent (Gazerfitness)
18:42 05 Jan 23
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
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
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
11:39 07 Dec 22
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Join 50,000+ learners who have registered with REMIC in the last 10 years
Online Self-Study
The online course is best suited for those students who are able to work on their own, enjoy or need to be able to work at their own pace and have a minimum level of self-motivation. This version of the course offers the flexibility to meet even the most demanding schedules.
See the full learning competencies for this course here.
This version of the course includes:
- Dedicated online instructor
- Immediate online access including a pdf soft copy of the textbook
- 100+ audio-backed lessons
- Challenge quizzes
- First attempt of the Final Exam
Online Live Class
This course is best suited for those learners who prefer the live course experience but do not want to attend a physical in-class setting.
- Choice between a 2 Saturday mixed mode class (First Saturday live webinar, 6 days online self-study, last Saturday live webinar) OR a 5 Day Monday to Friday class (5 consecutive days live webinar).
- Dedicated instructor
- Immediate online access including a pdf soft copy of the textbook
- 100+ audio-backed lessons
- Challenge quizzes
- First attempt of the Final Exam
Upcoming course dates:
March 27 - 31, 2023 10am to 4pm ET Details and schedule Format This course features an instructor-led 5 day webinar, running Monday to Friday. Webinar Sessions: Monday - 10am to 4pm ET
Tuesday - 10am to 4pm ET
Wednesday - 10am to 4pm ET
Thursday - 10am to 4pm ET
Friday - 10am to 4pm ET
Price: $298 |
April 15 & 22, 2023 10am to 4pm ET Details and schedule Format This course features an instructor-led 2 weekend mixed-mode webinar, running 2 consecutive Saturdays. Webinar Session: Saturday - 10am to 4pm ET
Online Self-Study: Sunday
Monday
Tuesday
Wednesday
Thursday
Friday
Webinar Session: Saturday - 10am to 4pm ET
Price: $298 |
Online Live Class
Choose between a 2 Saturday mixed mode class (First Saturday live webinar, 6 days online self-study, last Saturday live webinar) OR a 5 Day Monday to Friday class (5 consecutive days live webinar).
March 27 - 31, 2023 10am to 4pm ET Details and schedule Format This course features an instructor-led 5 day webinar, running Monday to Friday. Webinar Sessions: Monday - 10am to 4pm ET
Tuesday - 10am to 4pm ET
Wednesday - 10am to 4pm ET
Thursday - 10am to 4pm ET
Friday - 10am to 4pm ET
Price: $298 |
April 15 & 22, 2023 10am to 4pm ET Details and schedule Format This course features an instructor-led 2 weekend mixed-mode webinar, running 2 consecutive Saturdays. Webinar Session: Saturday - 10am to 4pm ET
Online Self-Study: Sunday
Monday
Tuesday
Wednesday
Thursday
Friday
Webinar Session: Saturday - 10am to 4pm ET
Price: $298 |
In-Person Class
This course is best suited for those learners who prefer an in-person class experience.
Choose between a 2 Saturday mixed mode class (First Saturday live webinar, 6 days online self-study, last Saturday live webinar) OR a 5 Day Monday to Friday class (5 consecutive days live webinar).
See the full learning competencies for this course here.
Each version of the course also includes full online access to the course:
- Dedicated instructor
- Immediate online access including a pdf soft copy of the textbook
- 100+ audio-backed lessons
- Challenge quizzes
- First attempt of the final exam
Course dates coming soon
Challenge Exam
- Fee: $148 (if you fail the challenge exam, the $148 fee will be applied as a credit towards the full Private Mortgages Course)
- Attempts: 1 attempt ONLY, if it is not passed then you will be required to take and complete the full Private Mortgages Course (PMC)
- Exam structure: 50 Multiple Choice questions
- Passing grade: 80%
- Please note that by continuing with this registration for the challenge exam, you are confirming 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 the MBRCC’s Private Lending Competencies and Curriculum here.
Please note that by continuing with this registration for the challenge exam, you are confirming that:
- you have five or more years of continuous licensing experience
- you 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 here.