How to Become a Mortgage Broker in Manitoba
Do you need a licence?
Licence required
You must be registered with The Manitoba Securities Commission (Manitoba Financial Services Agency, Real Estate Division) to work as a mortgage broker in Manitoba or to use a protected title.
- Protected titles
- Mortgage Broker
Show the source
“In order to be a mortgage broker, the business or individual arranging your mortgage must be registered with The Manitoba Securities Commission.”
From mbrealestate.ca/home_buyers/the-mortgage-brokers-act.html, checked October 10, 2026.
At a glance
- Licence status
- Licence required See the source
- Routes
- Not stated by the regulator Check with The Manitoba Securities Commission (Manitoba Financial Services Agency, Real Estate Division)
- Annual fees
-
- Annual renewal fee (mortgage salesperson): $400
Source
“Submit the registration fee of $400 (annual renewal fee is $400).”
mbrealestate.ca/registration/how-to-register/mortgage-salesperson.html
- Annual renewal fee (mortgage salesperson): $400
Your roadmap
The steps are not listed yet.
Check the current steps with The Manitoba Securities Commission (Manitoba Financial Services Agency, Real Estate Division).
Requirements
Education
The applicant must enroll in and pass the Manitoba Mortgage Salespersons Licensing Course administered by Mortgage Professionals Canada.
Source
“Enroll in and pass the Manitoba Mortgage Salespersons Licensing Course administered by Mortgage Professionals Canada;”
mbrealestate.ca/registration/how-to-register/mortgage-salesperson.htmlAuthorized officials for restricted mortgage brokers must enroll in and pass the Broker's Course prescribed by the Registrar.
Source
“Authorized Officials for Restricted Mortgage Brokers must enroll in and pass the Broker's Course as prescribed by the Registrar.”
mbrealestate.ca/registration/how-to-register/mortgage-authorized-of...
Experience
An authorized official must have at least two years of experience as a salesperson within the three years before the application date.
Source
“Have at least two years experience as a salesperson within the three years preceding date of application;”
mbrealestate.ca/registration/how-to-register/mortgage-authorized-of...
Insurance
The applicant must provide proof of errors and omissions insurance as required under the Act.
Source
“Proof of errors and omissions insurance as required under the Act”
mbrealestate.ca/registration/how-to-register/restricted-mortgage-br...
Good character
The applicant must be an individual of good character.
Source
“Must be an individual of good character;”
mbrealestate.ca/registration/how-to-register/mortgage-salesperson.html
Residency
If the individual does not live in Manitoba, they must sign a written undertaking agreeing to appear in Manitoba on reasonable notice from the Registrar.
Source
“If the individual does not live in Manitoba, a written undertaking must be included that the individual will agree to appear in Manitoba on reasonable notice by the Registrar for any reason affecting the broker's or individual's business or conduct in Manitoba.”
mbrealestate.ca/registration/how-to-register/mortgage-authorized-of...
Other
The applicant must be at least 18 years old.
Source
“At least 18 years old;”
mbrealestate.ca/registration/how-to-register/mortgage-salesperson.htmlAuthorized officials for mortgage brokers must provide a detailed resume and have senior-level management experience.
Source
“Authorized Officials for Mortgage Brokers must provide the Registrar with a detailed resume and have management experience at a senior level.”
mbrealestate.ca/registration/how-to-register/mortgage-authorized-of...The applicant must provide an address for service in Manitoba.
Source
“An address for service in Manitoba;”
mbrealestate.ca/registration/how-to-register/restricted-mortgage-br...
Already licensed in another province?
Not stated
The pages do not state how someone already licensed in another Canadian province or territory can register in Manitoba. Source
“Applicants must provide proof of registration under The Business Registration Act of any business or trade name under which the Applicant proposes to operate.”
mbrealestate.ca/registration/how-to-register/restricted-mortgage-br...
Processing time: Not stated by the regulator Check with The Manitoba Securities Commission (Manitoba Financial Services Agency, Real Estate Division)
Credential assessment
Not stated by the regulator Check with The Manitoba Securities Commission (Manitoba Financial Services Agency, Real Estate Division)
Exams
-
Manitoba Mortgage Salespersons Licensing Course
Source
“Enroll in and pass the Manitoba Mortgage Salespersons Licensing Course administered by Mortgage Professionals Canada;”
mbrealestate.ca/registration/how-to-register/mortgage-salesperson.html -
Broker's Course
Source
“Authorized Officials for Restricted Mortgage Brokers must enroll in and pass the Broker's Course as prescribed by the Registrar.”
mbrealestate.ca/registration/how-to-register/mortgage-authorized-of...
Language tests
Not stated by the regulator Check with The Manitoba Securities Commission (Manitoba Financial Services Agency, Real Estate Division)
Canadian experience
Not stated by the regulator Check with The Manitoba Securities Commission (Manitoba Financial Services Agency, Real Estate Division)
Supervised practice
Not stated by the regulator Check with The Manitoba Securities Commission (Manitoba Financial Services Agency, Real Estate Division)
Demand and pay
| Where | Low | Median | High | Outlook |
|---|---|---|---|---|
| Manitoba | $24.00 | $33.33 | $47.00 | Moderate (3 of 5) |
| Canada | $24.04 | $38.46 | $66.67 | — |
Mortgage brokers in other provinces and territories
- British Columbia Licence required
- Alberta Licence required
- Saskatchewan 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
- Province of Manitoba | mscrealestate - The Mortgage Brokers Act is now MB Law mbrealestate.ca/home_buyers/the-mortgage-brokers-act.html · fetched October 10, 2026
- Province of Manitoba | mscrealestate - Mortgage Salesperson mbrealestate.ca/registration/how-to-register/mortgage-salesperson.html · fetched October 10, 2026
- Province of Manitoba | mscrealestate - Mortgage Authorized Official mbrealestate.ca/registration/how-to-register/mortgage-authorized-of... · fetched October 10, 2026
- Province of Manitoba | mscrealestate - Restricted Mortgage Broker mbrealestate.ca/registration/how-to-register/restricted-mortgage-br... · fetched October 10, 2026
Frequently asked questions
2
Do you need a licence to work as a mortgage broker in Manitoba?
Yes. Registration with The Manitoba Securities Commission (Manitoba Financial Services Agency, Real Estate Division) is required to practise in Manitoba, and to use the title Mortgage Broker.
Which exams are required?
Manitoba Mortgage Salespersons Licensing Course, Broker's Course.
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