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

Question: 1 / 400

What role does FSCO play in the mortgage industry?

Handles property inspections

Provides mortgage financing

Enforces Mortgage Brokerages, Lenders and Administrators Act

FSCO, the Financial Services Commission of Ontario, is responsible for regulating and enforcing the Mortgage Brokerages, Lenders and Administrators Act in Ontario. This act sets out rules and regulations for mortgage professionals, ensuring that consumers are protected when obtaining mortgage services. Thus, B, D, and A are incorrect because they do not align with the specific role of regulating and enforcing this act.

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Manages property rentals

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