Renew your mortgage agent or broker licence by March 31
People need to have confidence that the people who are helping them purchase their home are properly trained and can provide the latest products and services.
That’s why the Financial Services Regulatory Authority of Ontario (FSRA) requires mortgage brokers and agents to renew their licence by the end of March each year, ensuring they are qualified and suitable to continue providing consumers with mortgage brokering services.
To ensure they are up to date on the latest advancements in the industry, mortgage brokers and agents are also being required to complete a FSRA approved continuing education course before applying for renewal.
Mortgage brokers and agents can apply for their licence starting today and the renewal fee is $841.
Principal brokers must:
- Submit their own renewal application before doing so for their agents and brokers.
- Initiate their agents’ and brokers’ licence renewal applications in Licensing Link.
- Submit their agents’ or brokers’ application forms and pay the fee on their behalf in Licensing Link.
- Submit their applications before March 31, 2022. Mortgage brokers and agents may continue to conduct business as long as the renewal application is submitted by the deadline and until FSRA makes a decision about the renewal.
FSRA is not accepting applications for new mortgage agent or broker licences between March 15-31, 2022. Applications will re-open on April 1, 2022.
Principal Brokers: Certain businesses may be exempt from holding a mortgage brokerage licence if they do not deal with individual consumers. View FSRA’s final guidance on Licensing Exemption for Permitted Clients that are not Individuals to see if this applies to you.
FSRA continues to work on behalf of all stakeholders, including consumers, to ensure financial safety, fairness, and choice for everyone. Learn more at www.fsrao.ca.
- Information on renewing your licence and continuing education requirements for: agents, brokers, principal brokers.
- FAQs on renewing your licence.
- Final guidance on Licensing Exemption for Permitted Clients that are not Individuals