 Licensing & Renewals > Mortgage Brokerage > New to the Industry
To become licensed as a mortgage associate in Alberta for the first time, a person must first be eligible. Eligibilty requires that applicants:
- Have a Canadian high school diploma or equivalent;
- Have proficiency in English; and,
- Be at least 18 years old.
For more information on eligibility requirements and how to meet them, click here.
Once the above requirements are met, individuals must complete the Mortgage Associates Program (MAP) courses. MAP is comprised of The Fundamentals of Mortgage Brokerage, available online through RECA Education (www.reca.ca), followed by, The Practice of Mortgage Brokerage, which is available through Alberta Mortgage Brokers Association (AMBA). The MAP education requirements, including the final exams, must be completed within 1 year from the date of enrollment in the first course in order to be valid for licensing.
Prior to licensing and registration with the Real Estate Council of Alberta (RECA), individuals must also obtain and provide to RECA a certified criminal record check. Full details on how to obtain a certified criminal record check can be found here. Individuals can start the application process for a certified criminal record check even before they have completed MAP.
Once MAP has been successfully completed, individuals are to complete an application for licensing and registration and provide it to the broker with whom they have obtained employment. The broker can then register the applicant with their brokerage using the RECA Online system.
If the applicant has a criminal record, bankruptcy or disciplinary action by other organizations in their past, the executive director will first need to determine the applicant’s suitability. Applicants may make application to the executive director for a suitability determination prior to completing the education requirements. In order to do so, an applicant is to complete the suitability form and forward it to RECA.
For more information about the fees payable to become a mortgage industry member, please see the current fee schedule.
For additional information on the licensing process, education requirements, certified criminal record check and suitability issues click on the links below.
Eligibility
Licensing Process
Certified Criminal Record Check
Education
Suitability |
