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

Question: 1 / 400

Under what circumstances would a Broker not have to supply a borrower with a borrower disclosure form?

If the brokerage is not a prescribed lender

If the borrower requests a verbal disclosure instead

If the lender provides its own disclosure with required information

A is incorrect because even if the brokerage is not a prescribed lender, it still must supply the borrower with a borrower disclosure form.

B is incorrect because a verbal disclosure is not sufficient and the borrower must always be provided with a written disclosure form.

D is incorrect because the size of the brokerage does not exempt them from providing the borrower with a disclosure form.

If the brokerage is a large corporation

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