AB Licensing
Becoming a Mortgage Associate | Program Details And Fees | Exam Info | FAQ | CCRC For RECA | Links/Resources
Becoming a Mortgage Associate
Find out how to complete the mandatory education requirements for mortgage licensing in Alberta.
Click on the links below to learn more.
Program Requirements
In order to obtain a license for mortgage brokerage in Alberta, you will need to successfully complete the Mortgage Associate Program. This program consists of two mandatory courses:
- The Fundamentals of Mortgage Brokerage
- The Practice of Mortgage Brokerage
Successful completion of the program means that:
- You achieve a grade of 70% or higher on the unit quizzes (online students) or you attend at least 90% of the classes (classroom students).
- You achieve a grade of 70% or higher on the Provincial Qualifying Exams (PQEs) for each course. There are TWO Provincial Qualifying Exams. You must pass the Fundamental Course PQE, as well as the Practice Course PQE.
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Click for more information regarding the Fundamentals of Mortgage Brokerage Course. |
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Click for more information regarding the Practice of Mortgage Brokerage Course. |
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Obtaining Your License Flowchart
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Pre-requisites
The pre-requisites for enrolment into the Mortgage Associates Program are:
- Minimum 18 years of age
- Minimum of Canadian high school diploma or equivalent, or post-secondary diploma or degree.
- Fluent in English.
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Click for a complete list of pre-requisites and instructions on submitting pre-requisite documentation, or visit www.reca.ca. |
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Registering for the Fundamentals of Mortgage Brokerage Course
The Fundamentals of Mortgage Brokerage Course is the first half of the Mortgage Associates Program. You will need to successfuly complete this course before you are eligible to register in the second half of the course (i.e., The Practice of Mortgage Brokerage Course).
The Real Estate Council of Alberta (RECA) administers the Fundamentals Course. For any questions pertaining to pre-requisites, registration and/or content of the Fundamentals Course, please contact RECA directly at:
- Web: www.reca.ca
- Tel: (403) 228-2954 / (888) 425-2754
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Registering for the Practice of Mortgage Brokerage Course
The Practice of Mortgage Brokerage Course is the second half of the Mortgage Associates Program. You can register for this course once you have passed the Fundamentals Course.
The Alberta Mortgage Brokers Association (AMBA) administers the Practice Course. For any questions pertaining to registration and/or content of the Practice Course, please contact AMBA directly at:
- Web: www.amba.ca
- Tel: (403) 685-9652 / (888)452-2652
- Email: education@amba.ca
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FAQs
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