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 online course 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 the course and write the licensing exam with RECA. Learners have 2 attempts to pass the licensing exam with 70% passing marks required. Then the learners can proceed to the Practice of Mortgage Brokerage which is the second course required for licensing.
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.
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
Resources:
- Study Materials
- Video Lessons
- Unit Quizzes
- Additional Exam Prep Materials
- Summarized notes
- Extra Practice Questions (over 800)
- Mock Tests
- Important Topics Review
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%
This course requires registration with RECA.
