Ontario Mortgage Broker Practice Questions - Ontario Mortgage Broker Licensing Exam

What is the primary role of a Principal Broker in an Ontario mortgage brokerage?

Overseeing the brokerage's compliance with the Act and its regulations. Managing all client mortgage applications personally. Handling all administrative tasks for the brokerage. Solely responsible for generating new mortgage leads.

Correct Answer:

Overseeing the brokerage's compliance with the Act and its regulations.

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