Mortgage Broker Course

Part 1: Online/Self-Study Component

• Catch up on the legislation and regulation governing the brokering industry and managing a brokerage.
• Access our online learning portal to review the material on your own time, from the comfort of your own home or office.
• When you have completed your review, you must successfully complete the Part 1 Exam to continue to Part 2.
• You have 6 months from the time of registration to complete Part 1.

Part 2: In-Class Facilitated Instruction

• Over 2 consecutive weekends, 2 Saturdays and 2 Sundays.
• Hosted at CMBA Ontario’s head office at 40 Winges Road, Unit 7, Woodbridge, Ontario, L4L 6B2.
• You will be guided by a practising Broker through the mandatory course material following the MBRCC competencies to run a mortgage brokerage business.
• You can expect an interactive experience, with class discussions, group problem solving and case studies.
• Immediately after the last day of instruction, you will be required to successfully complete the Part 2 Exam to pass the entire course. A 48-hour timeframe will be provided, meaning that you can choose within the following 48 hours to complete the exam.
• Textbook will be available for pick-up on the first day of class.
• You have 12 months from the time of registration to complete Part 2

NOTE: In order for a course to proceed, a minimum number of participants must be met. If the minimum number of registrants for the course dates you have chosen is not met, you can switch into an alternate date we are offering or into our online course. This will not affect your time limit to complete the course.

Cost for In-Class Course: $495.00 (HST exempt)

Cancellation Policy: Learners who wish to cancel the course after purchase will receive a refund minus a 25% admin fee. Refunds are not available if you have already attempted the Part 1 Exam.

Class re-scheduling: There is no charge for re-scheduling the Part 2 in-class portion. Refunds are not available at this part of the journey.

Exam re-scheduling:

• The Part 1 Exam can be completed upon your discretion, and you have unlimited attempts.
• If the Part 2 Exam is not completed within the allocated 48-hour timeframe, it can be rescheduled subject to a rescheduling fee.

There is only 1 re-take attempt of the Part 2 Exam should you not pass the first time. If after 2 attempts you have not successfully passed, you will be required to re-take the course in full, including full payment of the course.

Both the Part 1 and Part 2 Exams are Multiple Choice Questions, with only 1 correct answer.

You will be provided with a pass or fail result

Part 1 Exam: passing grade of 70%, multiple tries allowed

Part 2 Exam: passing grade of 60%, only 1 re-write is allowed if not successful the first time

You must complete the Part 2 Exam through our virtual proctoring system on a laptop or computer. Cheating will not be tolerated.

There is only 1 re-take attempt of the Part 2 Exam should you not pass the first time. If after 2 attempts you have not successfully passed, you will be required to re-take the course in full, including full payment of the course.

Virtual or In-Class:

• Students who wish to cancel the course after purchase will receive a refund minus a 25% administration fee.
• There is no charge for re-scheduling.
• Refunds will not be available past the first attempt of the Part 1 Exam.