Education

Getting Licensed in Nova Scotia

THE COURSE

The Nova Scotia Mortgage Broker Course contains information specific to Nova Scotia legislation, land registration and business practices. Although this course is not yet required for licensing, it is strongly advised that individual’s wishing to become a mortgage broker complete this program to learn industry basics, and legislative requirements for conducting mortgage brokering business in Nova Scotia. The course is based on the 5th edition textbook Introduction to the Canadian Mortgage Industry.

The course covers all the key mortgage broker topics, skills and knowledge necessary for you to successfully enter the industry as a broker. The broker course is roughly 40 hours online with a final in-person examination. Exam rewrites are available for those students who require it.

REGISTER FOR THE ONLINE COURSE (SELECT OPTION):




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Please make sure to read the Course and Cancellation Policies document before registering for the course.



This course covers all the key topics, skills and knowledge necessary for you to successfully enter the industry as a mortgage broker. See below for the course syllabus:


PART 1: THE MORTGAGE INDUSTRY IN PERSPECTIVE

  • Module 1 - Overview of the Industry
  • Module 2 - Regulatory Framework
  • Module 3 - Legal Overview
PART 2: MORTGAGE MATHEMATICS
  • Module 4 - Mortgage Mathematics
PART 3: THE MORTGAGE PROCESS FROM A-Z
  • Module 5 - Understanding The Mortgage Process
  • Module 6 - Completing The Mortgage Application
  • Module 7 - Qualifying The Borrower
  • Module 8 - Mortgage Products, Related Products, And Submitting The Application
  • Module 9 - Valuing The Property And The Decision To Lend
  • Module 10 - The Closing Process
PART 4: PROTECTING CONSUMERS & INCREASING INDUSTRY PROFESSIONALISM
  • Module 11 - Protecting Consumers & Increasing Industry Professionalism

 

Got a question? Try browsing our FAQ below for help. If your question is still not answered, please call us at 416-385-2333 x2610 for further assistance!

 

  1. What is the passing grade?
    60%

  2. What happens if I fail?
    Rewrites are free for scheduled exams at our MPC facilities. However, a fee of $75 would apply if booking an individual exam outside the GTA. You must re-write the exam within 6 months of receiving pass/fail email notification. If you fail a second time, you will need to re-enroll in the course.

  3. How do I book an exam and where can I write it?
    Online learners need to complete their course before an exam date can be booked. When ready, please email the Exams Department to request an individual sitting at exams@mortgageproscan.ca.

  4. Does the exam cost money?
    Outside of GTA exams booked at third party test centres cost $75+applicable taxes.

  5. How can I request a rewrite and how many rewrites do I get?
    Email exams@mortgageproscan.ca to schedule a re-write within 6 months of receiving your grade. Only 1 rewrite is permitted. If you fail the rewrite, re-enrollment would be required to continue with your studies.

  6. How do I request an exam deferral?
    Exam deferrals are permitted, though strongly discouraged, as students are more successful on their final exam when course information is still fresh. However, should you require a deferral due to stress, a medical issue, or for personal reasons, please be sure receive official approval from the Education Department for an exam deferral by emailing exams@mortgageproscan.ca. Approval for an exam deferral must be finalized prior to your scheduled exam date.

  7. When will my textbook arrive?
    In-class students receive their text book on the first day of class. A link to the e-textbook is provided in the registration confirmation email sent by the Education Department. Online students receive their textbook within 5 business days via FEDEX.

  8. When do I get access to my online program?
    Online access is available immediately upon registration. Students can either download their e-textbook from their online course or use the link provided to them in their registration email (welcome email).

  9. When will my course certificate arrive?
    Certificates will arrive by Canada Post 2-3 weeks of receiving pass notification.

  10. Can I place a hold on my course, or transfer my registration to another person?
    No. However, exceptions may be made if requests are submitted to the Education Department by email for review.