It’s never too late to find a better career. If you’re searching for a career with unlimited potential, the power to build a great business of your own, and are willing to work hard and build relationships – you’ll love the mortgage industry.
Get Started with the Fundamentals
Online Course
$1,500
The Fundamentals of Mortgage Brokerage is the first of two mandatory pre-licensing courses required by RECA, the regulatory body in Alberta. By the end of this introductory course, you’ll be familiar with key terminology and understand core industry concepts, from credit analysis to commercial vs. residential mortgages, marketing basics and beyond.
You can start anytime and move through the course material at your own pace so you can feel confident and prepared for the required post-course exam. You have six months to complete this course, including AMBA’s final exam. Following your final exam, you have three months to complete RECA’s pre-licensing exam.
Once you’ve passed the RECA Fundamentals pre-licensing exam, you are ready to enroll in the second and final licensing course, the Practice of Mortgage Brokerage.
Each course has a fee of $1,500 and includes access to the online course, support from our education team, and a student affiliate membership. Once each course is complete, each RECA pre-licensing exam costs approximately $235+gst (subject to change). Once you’ve completed all of your courses and exams, there is a $575 licensing fee. While this may seem like a big investment, it is about the equivalent of one semester of an undergraduate university program.
No. We understand that our students are busy with jobs, family responsibilities, and other life responsibilities. This is an online, work-at-your-own-pace course to allow candidates the most flexibility. You have six months from your start date to complete the course and final exam; and then three months following the completion of each course to pass the pre-licensing exams at RECA.
It depends on how quickly you complete each course! On average, it takes between 12 and 18 months from starting the first course to becoming a fully licensed mortgage broker. We have found that students who take the full six months to complete each course tend to be more successful on their pre-licensing exams.
Not at all! You have the full support of our Education Support Team, which includes our education staff, practicing brokers, lenders, insurers, and other mortgage professionals. We’re here to answer your questions and provide additional support throughout your program.
Not at all. This is a common misconception. Mortgage brokers have tools to take care of the math and numbers – this is primarily a relationship-driven job. You will learn the formulas in the courses, but you’ll have access to a special mortgage calculator to help you both in the course and during your exams.
You’ll need to understand the ethical and conduct standards, the Real Estate Rules, and any applicable legislation both as a student and as a practicing mortgage professional. In fact, this is a big focus of our courses, as well as your exams.
Once you complete your licensing exams, you will need to find a Brokerage to work for. When you complete our program, we’ll provide you with a Graduate Guide that will help you find the Brokerage that is the best fit for you. While you’re taking your courses, you’ll also receive exclusive invitations to industry events and professional development sessions throughout the province, where you’ll have the opportunity to make connections in the industry and learn about the various Brokerages.
The mortgage industry is welcoming to all. While we acknowledge that this work is never done, AMBA has made significant efforts to ensure that our association and courses are inclusive and safe spaces.
Fundamentals of Mortgage Brokerage
Fundamentals of Mortgage Brokerage
Practice of Mortgage Brokerage