Mortgage Broker Licensing Practice Exam · Question
Ontario mortgage agents must complete which of the following at each licence renewal?
Agents and brokers must complete FSRA-approved continuing education prior to each licence renewal in addition to paying the renewal fee.
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Question: Ontario mortgage agents must complete which of the following at each licence renewal?
Answer options:
- A new full re-licensing exam ✅ FSRA-approved continuing education before the renewal deadline
- An interview with the principal broker
- Nothing additional — they simply pay the renewal fee
Correct answer: FSRA-approved continuing education before the renewal deadline
Explanation: Agents and brokers must complete FSRA-approved continuing education prior to each licence renewal in addition to paying the renewal fee.
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Related Questions
- What is the typical time frame for a mortgage agent to provide the required disclosure statement to a client?
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- Which entity is responsible for licensing and regulating mortgage brokers and agents in Ontario?
- What is a 'material change' in relation to a client's mortgage application?
- Ethical behavior for a mortgage broker includes:
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Question explanations
- What is the typical time frame for a mortgage agent to provide the required disclosure statement to a client?
- Funds received from a client or investor that the brokerage holds on their behalf must be deposited into:
- Which entity is responsible for licensing and regulating mortgage brokers and agents in Ontario?
- What is a 'material change' in relation to a client's mortgage application?
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