How to Become a Mortgage Broker in Alberta
Do you need a licence?
Licence required
You must be registered with the Real Estate Council of Alberta to work as a mortgage broker in Alberta or to use a protected title.
- Protected titles
- Not listed in the sources checked
Show the source
“Under Alberta’s Real Estate Act [pdf] and Real Estate Exemption Regulation [pdf], you must hold a mortgage licence from the Real Estate Council of Alberta (RECA) to deal in mortgages.”
From alis.alberta.ca/occinfo/certifications-in-alberta/mortgage-broker, checked October 10, 2026.
At a glance
- Licence status
- Licence required See the source
- Routes
-
- Trained in Canada: 5 steps, listed one-time fees $235 (2 fees depend on your situation and are not in the total)
- Annual fees
-
- Mortgage Broker, Associate Broker, Associate: Registration - Renewal: $525
Your roadmap
Tick each step as you finish it. Your ticks are kept in this browser only.
Trained in Canada
0 of 5 done
- Listed one-time fees: $235
- 2 fees depend on your situation and are not in the total
- 2 steps without a listed fee
- Annual fees: $525
-
New applicants must first go through RECA's eligibility process before they can enrol in pre-licensing education.
- Eligibility Fee: $350 (includes suitability/eligibility review for Alberta and non-Alberta residents)
Source
“Eligibility Fee (includes suitability/eligibility review for Alberta and non-Alberta residents) | $350.00”
reca.ca/fees
- Eligibility Fee: $350 (includes suitability/eligibility review for Alberta and non-Alberta residents)
-
Applicants must enrol in and successfully complete pre-licensing education with a recognized course provider, which for mortgage brokering means the Fundamentals of Mortgage Brokerage and Practice of Mortgage Brokerage courses.
Source
“Enrol in and successfully complete pre-licensing education with a recognized course provider”
reca.ca/become-a-licensee -
Applicants must pass the exams that accompany the Fundamentals of Mortgage Brokerage and Practice of Mortgage Brokerage courses.
- Pre-Licensing Examination Fee: $235
Source
“To become a licensed mortgage professional in Alberta, you must complete Fundamentals of Mortgage Brokerage and Practice of Mortgage Brokerage, including the required exams.”
reca.ca/pre-licensing-education -
Applicants must supply a current criminal record check as part of their licence application.
-
Applicants must apply for their licence through an Alberta brokerage and demonstrate good character and suitability for licensing.
- New Licence & Registration: $575 (Broker, Associate Broker, Associate)
Source
“Broker Associate Broker Associate | New Licence & Registration | $575.00 | $475.00 | $ - | $100.00”
reca.ca/fees
Source
“Apply for your licence through an Alberta brokerage Demonstrate good character and suitability for licensing”
reca.ca/become-a-licensee - New Licence & Registration: $575 (Broker, Associate Broker, Associate)
Listed fees for this route
One-time total listed: $235
| Fee type | Amount | Share |
|---|---|---|
| Other | $235 | 100% |
| One-time total | $235 | 100% |
2 fees depend on your situation and are not in the total.
2 steps without a listed fee, so the total may not be the full cost.
Annual fees Paid every year, so not part of the one-time total.
- Mortgage Broker, Associate Broker, Associate: Registration - Renewal: $525
Other listed fees
The regulator lists these without tying them to one step, so they are not in the route totals above. Check which apply to you.
- Brokerage New Licence: $800
- Application Review: $350 (new brokerage licence applicants must pay a non-refundable application review fee)
Source
“Application Review* – new brokerage licence applicants must pay a $350 non-refundable application review fee.”
reca.ca/fees - Brokerage Amendment: $350
- Reinstatement: $525
- Reinstatement (Same Licence Year): $100
- Occupational Certificate (Licensing History): $100
- Prep Exam Fee: $65
- Brokerage Name Change Fee: $50
- NSF Fee: $30
- Mortgage Broker, Associate Broker, Associate: New Licence & Registration: $575
Requirements
Education
Applicants must have a minimum of Canadian high school education or equivalent.
Experience
To become a mortgage broker, applicants must have at least two years of licensed work experience as a mortgage associate within the last five years.
Source
“Have at least 2 years of licensed work experience within the last 5 years”
alis.alberta.ca/occinfo/certifications-in-alberta/mortgage-broker
Police check
Applicants must provide a current criminal record check.
Insurance
If you are opening a mortgage brokerage, you must obtain errors and omissions (E&O) insurance.
Source
“If you are opening a mortgage brokerage, you must obtain errors and omissions (E&O) insurance.”
reca.ca/brokerage-licensing
Good character
Applicants must demonstrate good character and suitability for licensing.
Residency
Applicants must be a Canadian citizen or permanent resident.
Other
Applicants must be at least 18 years of age.
Applicants must provide valid government-issued identification.
Applicants must provide proof of English language proficiency.
Mortgage associates must be hired by a licensed mortgage brokerage as an employee or independent contractor.
Source
“Be hired by a licensed mortgage brokerage as an employee or independent contractor”
alis.alberta.ca/occinfo/certifications-in-alberta/mortgage-broker
Already licensed in another province?
Not stated
The pages state only that mortgage brokers who are certified by and in good standing with a regulatory organization elsewhere in Canada may be eligible for certification in Alberta, without saying whether extra steps are needed. Source
“Mortgage brokers who are certified by and in good standing with a regulatory organization elsewhere in Canada may be eligible for certification in Alberta.”
alis.alberta.ca/occinfo/certifications-in-alberta/mortgage-broker
Processing time: Not stated by the regulator Check with RECA
Credential assessment
Not stated by the regulator Check with RECA
Exams
Not stated by the regulator Check with RECA
Language tests
Not stated by the regulator Check with RECA
Canadian experience
Not stated by the regulator Check with RECA
Supervised practice
Not stated by the regulator Check with RECA
Demand and pay
| Where | Low | Median | High | Outlook |
|---|---|---|---|---|
| Alberta | $25.00 | $41.03 | $76.92 | Moderate (3 of 5) |
| Canada | $24.04 | $38.46 | $66.67 | — |
Mortgage brokers in other provinces and territories
- British Columbia Licence required
- Saskatchewan Licence required
- Manitoba Licence required
- Ontario Licence required
- Quebec Licence required
- New Brunswick Licence required
- Nova Scotia Licence required
- Prince Edward Island Not confirmed yet
- Newfoundland and Labrador Licence required
- Yukon Not confirmed yet
- Northwest Territories Not confirmed yet
- Nunavut Not confirmed yet
Sources checked
- Mortgage Broker: Certifications in Alberta - alis alis.alberta.ca/occinfo/certifications-in-alberta/mortgage-broker · fetched October 10, 2026
- Become Licensed | Licensee Hub reca.ca/become-a-licensee · fetched October 10, 2026
- Fees | Licensee Hub reca.ca/fees · fetched October 10, 2026
- Pre-licensing Education | Licensee Hub reca.ca/pre-licensing-education · fetched October 10, 2026
- Brokerage Licensing | Licensee Hub reca.ca/brokerage-licensing · fetched October 10, 2026
Frequently asked questions
1
Do you need a licence to work as a mortgage broker in Alberta?
Yes. Registration with the Real Estate Council of Alberta is required to practise in Alberta.
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