 Licensing & Renewals > Mortgage Brokerage > New to the Industry
To become licensed as a mortgage associate in Alberta for the first time, a person must:
- Have a Canadian high school diploma or equivalent;
- Fluency in English; and,
- Be at least 18 years old.
Once the above requirements are met, individuals must complete pre-licensing education, the Mortgage Associates’ Program (MAP), facilitated through the Alberta Mortgage Brokers’ Association (AMBA). For course information and registration, please contact AMBA.
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 and its accompanying provincial qualifying exam have 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 individual has not yet received a certified criminal record check, the broker may still license and register him/her provided the applicant provides the following documents to RECA:
- a criminal record check based on legal name and date of birth obtained from a local police force. Note: the applicant must send the original criminal record check to RECA. Photocopies will not be accepted.
- a copy of fingerprints submitted in order to obtain the certified criminal record check; and,
- proof of application for a certified criminal record check (postal receipt, courier stub, etc.).
If the above three items are not provided to RECA, the broker will not be able to license and register the new associate until RECA receives the applicant’s certified criminal record check.
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.
Licensing Process
Certified Criminal Record Check
Education
Suitability |
