Ontario Mortgage Agent Practice Exam 2025 – 400 Free Practice Questions to Pass the Exam

A Mortgage Investment Corporation (MIC) is a type of investment that specifically focuses on investing in mortgages and real estate. This means that investors who choose to invest in a MIC are essentially investing in a portfolio of mortgages and real estate assets. As such, the main goal of a MIC is to generate income for investors through dividend payments, making option B the correct answer.

The other options are incorrect because

A: Choosing appropriate solutions based on borrower's needs is a responsibility of a mortgage lender or broker, not a MIC.

C: Identifying potential solutions in a transaction is also a role of a mortgage lender or broker, not a MIC.

D: Facilitating a transaction to its successful completion (funding) is typically done by banks or other financial institutions, not a MIC.

Overall, a MIC's main purpose is to provide a steady income stream for investors through dividend payments, making it an attractive investment option for those looking for a stable source of income.