Description
Fundamentals of Mortgage Brokerage course is the first course required to get licensed as a Mortgage Brokerage professional in Alberta. This course will help learners acquire the fundamental knowledge about the mortgage brokerage industry.
The Practice of Mortgage Brokerage course is the second course required to complete the course and get licensed as a Mortgage Broker professional in Alberta.
The online video courses includes self-paced study materials, video training and practice quizzes to test your knowledge and understanding of the key concepts for each unit.
Learners have 6 months to complete each course and write the licensing exam with RECA. Learners have 2 attempts to pass the licensing exams with 70% passing marks required.
In addition, as a BONUS, students will have access to our industry leading exam prep materials which include extra practice questions, summarized notes and mock tests to help prepare for RECA’s licensing exam.
Fundamentals of Mortgage Brokerage
Course Outline:
Unit 1 – Understanding Mortgage Brokerage
Unit 2 – Introduction To Mortgages
Unit 3 – Contract Law
Unit 4 – Real Property Law and related Legislation
Unit 5 – Mortgage Law and related Legislation
Unit 6 – The Real Estate Act, Rules and Regulations
Unit 7 – Mortgage Brokerage Relationships
Unit 8 – Mortgage Fraud Awareness
Unit 9 – Ethics, Professional Conduct and Risk Reduction
Unit 10 – Theory of Property Valuation
Length: 80 hours
Delivery: Online/Self-Study
Practice of Mortgage Brokerage
Course Outline:
Unit 1 – Understanding the Business
Unit 2 – Interest Concepts and Mortgage Loan Variables
Unit 3 – Understanding the Mortgage Process
Unit 4 – Commercial Mortgages
Unit 5 – Mortgage Fraud Awareness
Length: 80 hours
Delivery: Online/Self-Study
Exam Guidelines/Next Steps:
Exam: Administered by RECA
Exam Location: RECA approved Exam Centres
Duration: 3 hours
Total No. of Attempts: 2
Passing Grade: 70%
