Ontario Mortgage Agent Practice Exam

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Prepare for the Ontario Mortgage Agent Exam. Study with comprehensive quizzes, multiple-choice questions, and hints that enhance your understanding of mortgage regulations and practices in Ontario. Get ready to succeed in your mortgage agent licensing journey!

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Who must sign the disclosure document?

The borrower and the real estate agent
The lender and the lawyer
The broker and the lender
The borrower and the mortgage insurer

The correct answer is: The broker and the lender

The broker and the lender must sign the disclosure document because they are the ones responsible for providing important information about the loan to the borrower. The real estate agent is not involved in the loan process and the lawyer is not responsible for providing loan information. The mortgage insurer is also not directly involved in the loan process, they only insure the loan. Therefore, the only correct options are C, as they both play a crucial role in the loan transaction.