You’re just one course away from achieving a major life milestone: a rewarding new career that matches your lifestyle dreams. Even better? You’ll be doing it alongside a supportive community of like-minded professionals and expert mentors. Register now to complete your mortgage licensing education with the Practice of Mortgage Brokerage course and take the next step on your path to financial and personal success.
Help people achieve their dream of home ownership.
Online Course
$1,500
The Practice of Mortgage Brokerage is the second and final mortgage broker course required to become fully licensed as a mortgage broker in Alberta. This course builds on the core competencies you’ve just learned in the Fundamentals of Mortgage Brokerage curriculum and guides you through all the technical steps involved in a mortgage transaction.
By the end of this course, you’ll feel fully prepared to sit for the second and final RECA pre-licensing exam and launch your new career. You have six months to complete this course, including the final exam. Following successful completion of this course, you have three months to complete the RECA pre-licensing exam.
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.
Practice of Mortgage Brokerage
Fundamentals of Mortgage Brokerage
Practice of Mortgage Brokerage