Ontario Mortgage Agent Practice Exam 2025 - Free Mortgage Agent Practice Questions and Study Guide

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Question: 1 / 400

What information must a brokerage disclose in writing upon request about its mortgage activities?

The number of employees in the brokerage

The brokerage's profit margin

Details of the brokerage's stock portfolio

Whether the brokerage was the lender for over 50% of mortgages completed

Upon request, a brokerage must disclose in writing whether they were the lender for over 50% of mortgages completed. This is important information for potential borrowers to know, as it helps them understand the potential bias the brokerage may have in promoting certain mortgage products. Options A, B, and C are not relevant information for this question and are incorrect choices. The number of employees, profit margin, and stock portfolio do not directly pertain to the brokerage's mortgage activities and would not provide helpful information for borrowers.

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