Starting May 2025, all mortgage licensees are required to complete the Mandatory Pre-Licensing and Re-Licensing Education on Private Lending.
Private mortgage lending is complex. This course helps Alberta mortgage brokers build the specialized knowledge and practical skills they need to structure responsible private deals, protect consumers, and stay compliant with RECA’s mandatory pre-licensing and re-licensing requirements.
This is the designated course for Alberta licensees.
Online Course
$229
To obtain or renew your license in Alberta, you must complete AMBA’s Mortgage Broker Private Lending [2025 Relicensing] Course.
You’ll gain a comprehensive understanding of how private lending works, including lender types, deal structures, and funding sources. The course also covers key regulatory requirements.
You’ll learn how to assess borrower suitability and lender risk, develop effective exit strategies, and identify common red flags to help prevent fraud and protect all parties involved in a private lending transaction.
Please note:
1. Your RECA Contact ID number (different from your RECA License Number) is required to enrol. Log into your myRECA account to see it on your homepage.
2. Processing time is required. Kindly note that it may take up to 24 hours (up to 72 hours if purchased over the weekend), to process and send a link to access the course.
Private lending is a high-risk area that demands strong compliance, ethical practices, and risk management. Learn more about why this program is mandatory on RECA’s Licensee Hub: Re-Licensing Education | Licensee Hub
You have 4 months to complete the course; it takes, on average, 17 hours to complete. Begin the course as soon as possible. Enrol today!
The course is fully online and self-paced. You can work through it on your own schedule using our interactive learning platform.
Each module includes knowledge checks and a module test. A minimum score of 70% is required to pass each test.
Because this course is mandatory for relicensing, it does not qualify for additional CEUs.
No, this is the designated course for Alberta licensees. AMBA was selected, through an RFP process, to deliver the course.
Mortgage Broker Private Lending 2025 Relicensing Course
Practice of Mortgage Brokerage
Fundamentals of Mortgage Brokerage
Mortgage Calculator
Mortgage Broker Private Lending 2025 Relicensing Course