Ontario Mortgage Agent Practice Exam 2026 – Your All-in-One Guide to Exam Success!

The correct answer is B, 48 hours. This is because lenders or investors typically need some time to properly evaluate a lending opportunity before committing to it. 24 hours (A), although a reasonable amount of time, may not be enough for a lender/investor to conduct a thorough analysis and make an informed decision. 72 hours (C) and 1 week (D) may be too much time as it could delay the lending process and potentially miss out on other opportunities. Therefore, 48 hours strikes a balance between giving enough time for evaluation and not causing significant delays in the lending process.