Mortgage Broker Licence: Moving from Newfoundland and Labrador to British Columbia
The short answer
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...
Both provinces
| Licensed in Newfoundland and Labrador | Moving to British Columbia | |
|---|---|---|
| Licence status | Licence required | Licence required |
| Regulator | Government of Newfoundland and Labrador, Government Services – Mortgage Brokerages and Brokers Regulation (Superintendent of Mortgage Brokerages and Mortgage Brokers) | BC Financial Services Authority |
| Guide | Mortgage broker in Newfoundland and Labrador | Mortgage broker in British Columbia |
Steps to transfer
Not stated by the regulator Check with BC Financial Services Authority
Processing time: Not stated by the regulator Check with BC Financial Services Authority
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