Mortgage Agent License in Ontario

ontario mortgage agent licenseMortgage agent licensing is regulated by the Superintendent of Financial Services Commission of Ontario (FSCO).  A Mortgage Agent is someone who is licensed to carry out mortgage activities and working under a licensed Mortgage Broker or Brokerage.  They are supervised under a Mortgage Broker.  This is not the same test or requirement as the real estate license for agent or broker. To get your Mortgage Agent License in Ontario, please kindly follow the steps below.

Step 1 – Fulfill some basic entrance requirements

Firstly, you must be at least 18 years of age and be a resident of Canada.  You also need a mailing address in Ontario that you can receive regular mails(PO box is not accepted).  Secondly, you must seek employment and be authorized under a mortgage brokerage, you can only work for one brokerage at any point in time.  Lastly, you must have a valid email address.

 

Step 2 – Fulfill the education requirements

Requirements in Step one should be fairly easy to meet.  Now you need to complete the mortgage agent education program that is approved by Superintendent of Financial Services Commission of Ontario (FSCO).   For a list of complete educational providers, please click here.

 

Step 3 – Apply for Mortgage Agent License

Upon successful completion of the mortgage agent education program, you must apply for licensing within two years of passing the education program.

 

Course and license fees:

Education Program: Please check your regional education provider by visiting their respective websites.

License fee: $800

 

The information on this page is gathered from the resources listed above.  Please note that the requirements will change or get updated from time to time, it is best to treat this one page guide as a quick overview and always visit the official sources to confirm the accuracy of the contents.  If you notice any errors or outdated contents on this page please kindly email us by using the contact section or simply leave us a comment.  If you have questions or comments, please feel free to leave it at the comment section below.  Your comments or suggestions will not only help us to improve the site, but will also assist others that have similar questions.  Thank you for inquiring, sharing and participating!

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