Ontario Mortgage Agent Practice Exam

The agent must make a disclosure to the borrower that the mortgage is being sold at a higher rate than the lender's lowest. This means that the borrower must be informed that they are paying a higher interest rate than they potentially could if they had gone directly to the lender. Options A and C are incorrect because they are not relevant to the disclosure that needs to be made. Option B is also incorrect as it is not related to the disclosure of the mortgage rate. The key concept is the disclosure of the higher rate, which is why option D is the correct answer.