FAQ
Becoming a Mortgage Associate | Program Details And Fees | Exam Info | FAQ | CCRC For RECA | Links/Resources
FREQUENTLY ASKED QUESTIONS
Please review our list of FAQs and click on one of the links below. All FAQs pertain to the Practice of Mortgage Brokerage Course. If you have questions regarding the Fundamentals of Mortgage Brokerage Course, please contact RECA at www.reca.ca.
If you cannot find the answer to your Practice Course question on this page, feel free to contact AMBA Education at education@amba.ca.
- What do I need to do to become a mortage associate?
- What courses do I need to take to obtain a license?
- How much is the course and where do I pay?
- When and where can I take the exam?
- Can I get an extension on my course?
- What do I need for the exam?
- Who do I ask if I have questions about course content?
- I've completed the course. Now what?
- How can I find a brokerage to work under?
- Can I get a refund on the course?
What do I need to do to become a mortgage associate?
Please visit: http://www.amba.ca/ab-licensing
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What courses do I need to take to obtain a license?
Please visit: http://www.amba.ca/ab-licensing
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How much is the course and where do I pay?
Please visit: http://www.amba.ca/program-details-and-fees-0
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When and where can I take the exam?
Please visit: http://www.amba.ca/exam-info-0
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Can I get an extension on my course?
Course extensions are NOT granted, unless extenuating circumstances exist.
If there is a valid reason for the extension, requests will be reviewed and approved or rejected on a case-by-case basis. To request an extension, please contact the AMBA office, in writing, prior to your course expiry.
If an extension request is approved, an extension fee of $300 for a 2-month extension must be processed prior to the course expiry date. These extension terms are non-negotiable.
Contact the AMBA office to request an Extension Request Form at education@amba.ca.
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What do I need for the exam?
Please visit: http://www.amba.ca/exam-info-0
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Who do I ask if I have questions about course content?
AMBA provides content support for both course content and technological issues for all Practice Course students.
Send content questions to jlee@amba.ca.
Send technology issues to support@protraining.com.
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I've completed the course. Now what?
Now that you have successfully completed the course and exam, you need to find a brokerage to work under to get your license. The Real Estate Council of Alberta (RECA) is the licensing body for the mortgage industry in Alberta. They will require criminal record checks for your Mortgage Associate licensing.
If your criminal record checks have not yet arrived at the RECA office, and you wish to begin working with your brokerage, you may apply to RECA to begin working before the documents are fully processed at RECA. You will need to submit proof that the criminal record check process has begun. Keep all your receipts in case RECA requests to see them.
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How can I find a brokerage to work under?
There are a number of ways to research brokerages to find out which brokerage would be a best fit with your skills, preferences and needs.
AMBA Industry Night
This is an excellent event for student, potential students and recent graduates of the MAP program to meet and talk to a variety of brokerages in one place. AMBA offers this event several times per year at Mt. Royal College in Calgary and Grant MacEwan College in Edmonton (Edmonton dates to be confirmed).
Industry Night is a free event for students where brokerages, who are often looking to add to their team, set up information booths with company representatives to discuss the offerings and philosophies of their company.
Students may bring resumes and be prepared for impromptu interviews, or may merely use the event as a fact-finding exercise to find out more about the mortgage industry, the brokerage and any other questions/concerns.
Students are welcome to attend the free information seminars which accompany Industry Night. These are informative, relevant, practical information sessions designed to help the student or new graduate adjust to and understand the current mortgage industry and trends better.
Other Ways to Research Brokerages
(1) AMBA Seminars and Events. AMBA hosts many networking events such as the AMBA Christmas and Spring Luncheons, Curling Bonspeil, Annual Conference, Trade Show and Golf Tournament, as well as courses, seminars and programs. These are an excellent venue for networking and meeting the active participants in the mortgage industry.
(2) AMBA Website (www.amba.ca). There is a host of valuable information on the AMBA website regarding industry awards and award winners, sponsors and other industry news. This is an excellent research tool to find out more about brokerages who are active in the community and large contributors to the industry.
(2) Yellow Pages. Most brokers are very approachable and open to speaking with new graduates. Don't hesitate to go through the phone book and identify some brokerages of interest to you. If a broker agrees to meet with you, be professional, be knowledgeable and be prepared. Brokers are often very busy and will appreciate a well-prepared and efficient interview with a potential new team member.
(3) Referrals. Friends, family, collegeagues are an excellent source of information. The may have had experience with a particular brokerage house which may be of interest to you. The service of that particular brokerage that your referral appreciates may be something you want to learn more about, contribute to and be associate with as a mortgage associate.
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Can I get a refund on the course?
If you registered for the classroom course (i.e.: you registered to take the course at Grant MacEwan or Mt. Royal University), any refund for the course fee will be in accordance with the respective university's refund policy. Contact the university directly to request a refund.
If you registered for the online course, you may be eligible for a *partial refund if:
- A request for refund is received in writing within 30 days of purchase, and;
- All materials which were sent out are returned in 'unused' condition, and;
- The chapter slide show presentations and PDFs have NOT been 'opened'.
*All refunds are subject to a $150.00 administration fee.
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