A mortgage associate is the entry licence and works under a brokerage. A mortgage broker has at least two years of licensed experience in the last five, has passed the Mortgage Brokers Program and can run a brokerage.
The Real Estate Council of Alberta licenses both. Everyone starts as a mortgage associate: two courses, two exams and a brokerage to work under, then a licence.
The mortgage broker licence comes later. It requires at least two years of licensed experience within the last five years and a pass in the Mortgage Brokers Program. A licensed mortgage broker can run a brokerage, which an associate cannot.
For most people the associate licence is the job for the first years. The broker licence matters when you want to own or lead a brokerage.
We onboard licensed brokers only, so the licence is yours to earn before we can help with anything else. After that you get weekly lender training, a team chat where new and experienced brokers answer around the clock, and senior brokers who will work your first files alongside you. There is no scripted programme with a guaranteed timeline. There is a room full of people who pick up.
The two courses, the exams, the brokerage and the RECA licence, step by step.
How to become a mortgage associate in AlbertaUpgrade from Level 1 to Level 2 in Ontario: 12 months licensed, the Private Mortgages Course, no FSRA fee, and what Level 2 lets you do.
Step by step: the course, exam and sponsoring brokerage you need to become a mortgage broker in Ontario, BC or Alberta, plus the cost and timeline.
What mortgage agent and broker jobs in Canada actually are: commission not salary, licensed through a brokerage, and what to compare before you join one.
Bring your questions to a discovery call and a broker owner will answer them directly.