How to Become a Mortgage Broker in British Columbia
Do you need a licence?
Licence required
You must be registered with the BC Financial Services Authority to work as a mortgage broker in British Columbia or to use a protected title.
- Protected titles
- Not listed in the sources checked
Show the source
“Under the *Mortgage Brokers Act* (“Act”), companies, partnerships and sole proprietors, unless exempted under section 11 of the Act, need to be registered as mortgage brokers to engage in mortgage broker activity.”
From bcfsa.ca/industry-resources/mortgage-broker-resources/registrations, checked October 10, 2026.
At a glance
- Licence status
- Licence required See the source
- Routes
-
- Trained in Canada: 3 steps, listed one-time fees $1,500
- Licensed in another province: 4 steps, listed one-time fees $1,500
- Trained outside Canada: no separate route
- Annual fees
-
- Legal Update course fee: $275
Source
“The Legal Update course fee is $275. Course fees must be paid upon registration.”
bcfsa.ca/industry-resources/mortgage-broker-resources/registrations...
- Legal Update course fee: $275
Your roadmap
Tick each step as you finish it. Your ticks are kept in this browser only.
Trained in Canada
0 of 3 done
- Listed one-time fees: $1,500
- 2 steps without a listed fee
- Annual fees: $275
-
You must pass the examination associated with your qualifying course.
Source
“Individuals who have successfully completed the course, Mortgage Brokerage in British Columbia, must apply for registration within one year of writing the examination.”
bcfsa.ca/industry-resources/mortgage-broker-resources/registrations... -
Before applying you must find employment with a currently registered brokerage that will sponsor your application.
Source
“You will need to find a currently registered brokerage to sponsor your application for registration. You will then sign up as a user on the IRIS Portal.”
bcfsa.ca/industry-resources/mortgage-broker-resources/mortgage-brok... -
You submit your registration application through the IRIS Portal with the required fee, identification, criminal record check and proof of course completion.
- Registration fee: $1,500
Source
“Registration fee of $1,500.”
bcfsa.ca/industry-resources/mortgage-broker-resources/mortgage-brok...
Source
“The following is a list of some of the basic requirements to accompany your application: - Registration fee of $1,500. - One piece of color copied government issued identification which contains your photograph. - Certified criminal record check - Successful completion of the Mortgage Brokerage in British Columbia course offered through UBC Sauder School of Business, Real Estate Division.”
bcfsa.ca/industry-resources/mortgage-broker-resources/mortgage-brok... - Registration fee: $1,500
Listed fees for this route
One-time total listed: $1,500
| Fee type | Amount | Share |
|---|---|---|
| Application | $1,500 | 100% |
| One-time total | $1,500 | 100% |
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.
- Legal Update course fee: $275
Source
“The Legal Update course fee is $275. Course fees must be paid upon registration.”
bcfsa.ca/industry-resources/mortgage-broker-resources/registrations...
Licensed in another province
0 of 4 done
- Listed one-time fees: $1,500
- 3 steps without a listed fee
- Annual fees: $275
-
You must submit an original copy of your licensing history and any disciplinary records sent directly from your regulator, along with a signed Statutory Declaration.
Source
“All extra-provincial applicants must submit the following with their registration application: - An original copy of your licensing history and any disciplinary records sent directly from the regulator in your jurisdiction, and - A signed Statutory Declaration.”
bcfsa.ca/industry-resources/mortgage-broker-resources/registrations... -
Depending on whether your jurisdiction is deemed equivalent or inequivalent, and your years of experience, you may need to pass the interprovincial examination or complete the B.C. course and its examination.
Source
“Generally, extra-provincial licensees are required to successfully pass the Mortgage Brokers Inter-Provincial and B.C. Procedures examination although some are exempt.”
bcfsa.ca/industry-resources/mortgage-broker-resources/registrations... -
You must find a currently registered brokerage to sponsor your application and sign up as a user in the IRIS Portal.
Source
“You will need to find a currently registered brokerage to sponsor your application for registration. You will then sign up as a user in the IRIS Portal.”
bcfsa.ca/industry-resources/mortgage-broker-resources/mortgage-brok... -
You submit your registration application with the registration fee, identification and certified criminal record check.
- Registration fee: $1,500
Source
“Registration fee of $1,500.”
bcfsa.ca/industry-resources/mortgage-broker-resources/mortgage-brok...
Source
“The following is a list of some of the basic requirements to accompany your application: - Registration fee of $1,500. - One piece of color copied government issued identification which contains your photograph. - Certified criminal record check.”
bcfsa.ca/industry-resources/mortgage-broker-resources/mortgage-brok... - Registration fee: $1,500
Listed fees for this route
One-time total listed: $1,500
| Fee type | Amount | Share |
|---|---|---|
| Application | $1,500 | 100% |
| One-time total | $1,500 | 100% |
3 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.
- Legal Update course fee: $275
Source
“The Legal Update course fee is $275. Course fees must be paid upon registration.”
bcfsa.ca/industry-resources/mortgage-broker-resources/registrations...
Trained outside Canada
- Annual fees: $275
No separate route for this group. Source
“Labour mobility legislation allows a licensee from a Canadian jurisdiction to apply for registration in B.C. for the same licence level and category they have in their home/originating jurisdiction.”
bcfsa.ca/industry-resources/mortgage-broker-resources/mortgage-brok...
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.
- Application for registration for the mortgage broker: $1,900 (for the application for registration for the mortgage broker)
Source
“$1,900 for the application for registration for the mortgage broker; and”
bcfsa.ca/industry-resources/mortgage-broker-resources/registrations - Application for registration for submortgage broker as Designated Individual: $1,500 (for the submortgage broker who is the intended Designation Individual if not currently registered in BC)
Source
“$1,500 for the application for registration for submortgage broker who is the intended Designation Individual if not currently registered in BC.”
bcfsa.ca/industry-resources/mortgage-broker-resources/registrations - New Branch application fee: $200
Source
“The submission requires a $200 application fee.”
bcfsa.ca/industry-resources/mortgage-broker-resources/registrations - Late renewal filing fee: $50 (if the renewal documentation is submitted past the renewal date, $50 per day to a maximum of $500)
Source
“If the renewal documentation is submitted past the renewal date, late fees will apply ($50 per day to a maximum of $500).”
bcfsa.ca/industry-resources/mortgage-broker-resources/mortgage-brok... - MSA: The New Mortgage Broker transition course fee: $150
- MSA: The New Principal Broker transition course Part One fee: $10
Source
“Course fees: - Part One: $10 - Part Two: $50”
bcfsa.ca/industry-resources/mortgage-broker-resources/msa-landing-p... - MSA: The New Principal Broker transition course Part Two fee: $50
Source
“Course fees: - Part One: $10 - Part Two: $50”
bcfsa.ca/industry-resources/mortgage-broker-resources/msa-landing-p...
Requirements
Education
Applicants must successfully complete a qualifying mortgage broker education course, such as the Mortgage Brokerage in British Columbia course offered through UBC Sauder School of Business.
Source
“Successful completion of the Mortgage Brokerage in British Columbia course offered through UBC Sauder School of Business, Real Estate Division.”
bcfsa.ca/industry-resources/mortgage-broker-resources/mortgage-brok...
Police check
Applicants must provide a certified criminal record check that is dated no more than six months before the application.
Source
“A certified criminal record check for the submortgage broker, which is dated not more than six months from the date of application”
bcfsa.ca/industry-resources/mortgage-broker-resources/registrations
Good character
Applicants must meet BCFSA's suitability requirements, including the good reputation requirement.
Source
“meet BCFSA’s suitability requirements, including the good reputation requirement”
bcfsa.ca/industry-resources/mortgage-broker-resources/msa-landing-p...
Other
Applicants must find a currently registered brokerage to sponsor their application for registration.
Source
“You will need to find a currently registered brokerage to sponsor your application for registration.”
bcfsa.ca/industry-resources/mortgage-broker-resources/mortgage-brok...Applicants must be at least 19 years of age.
Source
“- be at least 19 years of age”
bcfsa.ca/industry-resources/mortgage-broker-resources/msa-landing-p...Applicants must meet the English Language Proficiency Requirement before writing the licensing examination.
Source
“meet the English Language Proficiency Requirement before writing the licensing examination”
bcfsa.ca/industry-resources/mortgage-broker-resources/msa-landing-p...Extra-provincial applicants must submit an original copy of their licensing history and any disciplinary records sent directly from their regulator, and a signed Statutory Declaration.
Source
“An original copy of your licensing history and any disciplinary records sent directly from the regulator in your jurisdiction, and”
bcfsa.ca/industry-resources/mortgage-broker-resources/registrations...
Already licensed in another province?
Extra steps
Applicants licensed in another Canadian jurisdiction can apply for registration in B.C., but depending on whether their jurisdiction's occupational standards are deemed equivalent, they may have to pass the Mortgage Brokers Inter-Provincial and B.C. Procedures examination or complete the Mortgage Brokerage in British Columbia course and examination. Source
“Generally, extra-provincial licensees are required to successfully pass the Mortgage Brokers Inter-Provincial and B.C. Procedures examination although some are exempt.”
bcfsa.ca/industry-resources/mortgage-broker-resources/registrations...
Processing time: Not stated by the regulator Check with BC Financial Services Authority
Credential assessment
Not stated by the regulator Check with BC Financial Services Authority
Exams
-
Mortgage Brokers Inter-Provincial and B.C. Procedures examination
Source
“Generally, extra-provincial licensees are required to successfully pass the Mortgage Brokers Inter-Provincial and B.C. Procedures examination although some are exempt.”
bcfsa.ca/industry-resources/mortgage-broker-resources/registrations... -
Mortgage Services Licensing Examination
Source
“Successfully pass the Mortgage Services Licensing Examination with a minimum grade of 70%”
bcfsa.ca/industry-resources/mortgage-broker-resources/msa-landing-p... -
Mortgage Services Challenge Examination
Source
“Applicants must successfully pass the Mortgage Services Challenge Examination within two years of purchasing the challenge package, or by any earlier deadline specified by BCFSA.”
bcfsa.ca/industry-resources/mortgage-broker-resources/msa-landing-p... -
B.C. Mortgage Services Interprovincial Examination
Source
“Eligible applicants may be permitted to write the B.C. Mortgage Services Interprovincial Examination rather than complete the full Mortgage Services Licensing Course.”
bcfsa.ca/industry-resources/mortgage-broker-resources/msa-landing-p...
Language tests
Not stated by the regulator Check with BC Financial Services Authority
Canadian experience
Not stated by the regulator Check with BC Financial Services Authority
Supervised practice
Not stated by the regulator Check with BC Financial Services Authority
Demand and pay
| Where | Low | Median | High | Outlook |
|---|---|---|---|---|
| British Columbia | $24.04 | $41.00 | $71.79 | Moderate (3 of 5) |
| Canada | $24.04 | $38.46 | $66.67 | — |
Mortgage brokers in other provinces and territories
- Alberta 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
- Registrations | BCFSAwarning iconlogo iconlogo iconsearch iconsearch iconsearch iconarrow iconarrow iconhome iconhome iconlogo iconx-twitter iconx-twitter iconfacebook-f iconfacebook-f iconlinkedin-in iconlinkedin-in iconsquircle iconconfidence-starts-here icon bcfsa.ca/industry-resources/mortgage-broker-resources/registrations · fetched October 10, 2026
- Mortgage Broker Education Requirements | BCFSAwarning iconlogo iconlogo iconsearch iconsearch iconsearch iconarrow iconarrow iconhome iconhome iconlogo iconx-twitter iconx-twitter iconfacebook-f iconfacebook-f iconlinkedin-in iconlinkedin-in iconsquircle iconconfidence-starts-here icon bcfsa.ca/industry-resources/mortgage-broker-resources/registrations... · fetched October 10, 2026
- Mortgage Broker Frequently Asked Questions | BCFSAwarning iconlogo iconlogo iconsearch iconsearch iconsearch iconarrow iconarrow iconhome iconhome iconlogo iconx-twitter iconx-twitter iconfacebook-f iconfacebook-f iconlinkedin-in iconlinkedin-in iconsquircle iconconfidence-starts-here icon bcfsa.ca/industry-resources/mortgage-broker-resources/mortgage-brok... · fetched October 10, 2026
- Extra-provincial Qualification | BCFSAwarning iconlogo iconsearch iconsearch iconsearch iconarrow iconhome iconlogo iconsquircle iconx-twitter iconfacebook-f iconlinkedin-in iconsquircle iconconfidence-starts-here icon bcfsa.ca/industry-resources/mortgage-broker-resources/registrations... · fetched October 10, 2026
- Mortgage broker education requirements under Mortgage Services Act | BCFSAwarning iconlogo iconsearch iconsearch iconsearch iconarrow iconhome iconlogo iconsquircle iconx-twitter iconfacebook-f iconlinkedin-in iconsquircle iconconfidence-starts-here icon bcfsa.ca/industry-resources/mortgage-broker-resources/msa-landing-p... · fetched October 10, 2026
- Legal Update for Mortgage Brokers | BCFSAwarning iconlogo iconlogo iconsearch iconsearch iconsearch iconarrow iconarrow iconhome iconhome iconlogo iconemail iconphone iconx-twitter iconx-twitter iconfacebook-f iconfacebook-f iconlinkedin-in iconlinkedin-in iconsquircle iconconfidence-starts-here icon bcfsa.ca/industry-resources/mortgage-broker-resources/registrations... · fetched October 10, 2026
- Mortgage Services Act: Education | BCFSAwarning iconlogo iconlogo iconsearch iconsearch iconsearch iconarrow iconarrow iconhome iconhome iconlogo iconx-twitter iconx-twitter iconfacebook-f iconfacebook-f iconlinkedin-in iconlinkedin-in iconsquircle iconconfidence-starts-here icon bcfsa.ca/industry-resources/mortgage-broker-resources/msa-landing-p... · fetched October 10, 2026
Frequently asked questions
2
Do you need a licence to work as a mortgage broker in British Columbia?
Yes. Registration with the BC Financial Services Authority is required to practise in British Columbia.
Which exams are required?
Mortgage Brokers Inter-Provincial and B.C. Procedures examination, Mortgage Services Licensing Examination, Mortgage Services Challenge Examination, B.C. Mortgage Services Interprovincial Examination.
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