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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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
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1526 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
1526 reviews on
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
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
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
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
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
20:05 29 Jul 23
Course is thorough and video tutorials are very helpful. Overall satisfied.
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
20:09 13 Jul 23
Couldn't have asked for a better online course - everything was extremely clear.
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
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
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
15:04 28 Jun 23
Great resources to learn the material in an efficient process.
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
04:10 21 Jun 23
Great online course for becoming a mortgage agent and understanding mortgages and the industry.
Kylo
17:29 16 Jun 23
REMIC is a great learn about mortgage industry and enhance your knowledge in this field.
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
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
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
17:46 01 Jun 23
Great webinar on ChatGPT! Thank you for sharing with our industry!
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
15:49 17 May 23
It provides high quality professional courses and is very useful.
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
00:46 05 May 23
I found he training and the ongoing webinars useful and well put together.
Elena Johnstone
15:47 04 May 23
Well organized, professionally done. Instructor is excellent
Sylvia MacLeod
16:14 01 May 23
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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:
September 9 & 16, 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 |
September 18 - 22, 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 |
October 16 - 20, 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 |
November 13 - 17, 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 |
November 18 & 25, 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 |
December 11 - 15, 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 |
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).
September 9 & 16, 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 |
September 18 - 22, 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 |
October 16 - 20, 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 |
November 13 - 17, 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 |
November 18 & 25, 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 |
December 11 - 15, 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 |
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.