Mortgage Agent Licensing Practice Exam · Question
Suitability obligation requires agent to:
FSRA suitability rule.
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Question: Suitability obligation requires agent to:
Answer options: ✅ Recommend mortgage suitable to client circumstances
- Sell highest commission
- Promote one lender
- Sell fastest
Correct answer: Recommend mortgage suitable to client circumstances
Explanation: FSRA suitability rule.
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Question explanations
- Which of the following is NOT a primary provider of mortgage default insurance in Canada?
- When must a mortgage agent provide the borrower with certain disclosures regarding the proposed mortgage, part
- Michael and Jennifer are applying for a mortgage to purchase a home in Calgary for $700,000. Their combined gr
- Which of the following scenarios would typically lead to a higher mortgage interest rate for a borrower?
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