HomeMortgageRelicensing deadline looms for thousands of Ontario brokers who have yet to...

Relicensing deadline looms for thousands of Ontario brokers who have yet to complete requirements

With just days remaining, the Financial Services Regulatory Agency of Ontario (FSRA) says thousands of Ontario agents and brokers still haven’t completed two education courses required to maintain their existing licences.

FSRA is reminding Ontario mortgage professionals that they will not receive their licence if they do not pass the mandatory continuing education course by March 31, 2024. The course typically takes about five to seven hours to complete.

As of last week, FSRA said 7,122 people had yet to complete the continuing education course.

Wendy Horrobin, FSRA’s head of licensing and risk assessment, said these numbers have been shrinking week after week as professionals book their exams, but stressed the consequences of missing the deadline.

“We’re certainly urging all agents and brokers to really act now if they haven’t…

Read more at www.canadianmortgagetrends.com

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