Mortgage Broker Licensing Practice Exam · Question
Mortgage commitment expiry typical:
Rate hold periods.
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Question: Mortgage commitment expiry typical:
Answer options: ✅ 90–120 days
- 1 day
- 1 year
- No expiry
Correct answer: 90–120 days
Explanation: Rate hold periods.
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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:
- Ontario mortgage agents must complete which of the following at each licence renewal?
- Which entity is responsible for licensing and regulating mortgage brokers and agents in Ontario?
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