Education · 1 of 4
The path
No degree needed. A course, an exam, a brokerage to sponsor you, then years of building a name.
- 1
High school
Grade 12
Math, business, English and any sales experience. You must be an adult to hold a licence.
- 2
Licensing course
Weeks to a few months
In Ontario, the Level 1 mortgage agent course: about 40 hours online, a 50-question multiple-choice exam, 60% to pass. Other provinces have their own course.
- 3
Get sponsored and licensed
Weeks
A licensed brokerage must take you on before the regulator issues your licence. Background and credit checks apply.
- 4
Work as an agent
2 to 3 years
Find clients, gather documents, submit applications to lenders, get deals closed.
- 5
Level 2 and broker licence
After about 2 years
More courses plus experience as an agent. A broker can run a brokerage and supervise agents.