 Licensing & Renewals > Mortgage Brokerage > New to the Industry > Licensing Process
Though there are a number of steps required to become licensed as a mortgage associate in Alberta, there is an easy-to-follow step-by-step process to guide individuals through the application process.
Step 1:
Ensure you have met the prerequisites. As a minimum, applicants must have a Canadian high school diploma or equivalent; be fluent in English; and, be at least 18 years old.
Step 2:
Register in the Mortgage Associates’ Program (MAP) through the Alberta Mortgage Brokers Association.
Step 3:
Complete MAP and the accompanying provincial qualifying exam.
Note: you will require a Certified Criminal Record Check (CCRC) from the Royal Canadian Mounted Police in order to become licensed as a new industry member. CCRCs are only valid for one-year from their date. Ensure RECA receives your CCRC no more than six months in advance of when you intend to become licensed for the first time. For full details on how to obtain a CCRC, please click here.
Step 4:
Obtain employment with a brokerage, complete an Associate/Associate Broker Application for Licence and Registration and have it commissioned by a Commissioner of Oaths. Your broker will complete the broker acknowledgement section of your application for licence and registration.
Step 5:
Your broker is to process your application online using the RECA Online licensing system, to which only brokers are granted access. (Sworn affidavits are only valid for 30 days, as such commissioned application forms must be processed through a brokerage using RECA Online within 30 days or a new form, more recently dated, will be required.)
Step 6:
Prior to dealing in mortgages, ensure you are licensed and registered. To do so, use the “Search for an Industry Member” button on the RECA website at www.reca.ca, using your last name as the search term. If your name does not appear in the results – or it appears in the results, but it does not have a green light beside it, you are not yet authorized to deal in mortgages. If that is the case, please speak with your broker. |
