Fundamentals of Mortgage Brokerage – RECA recognized course

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 per course to complete all of the following, in this order:

• Finish the course.
• Get exam authorization. Requests are processed during business hours only.
• Receive your exam prep materials and mock tests. These are released only after authorization.
• Write and pass RECA’s licensing exam. You have 2 attempts, with a 70% passing mark required.

Need more time? Extension options are available. Please reach out to the student success team for further assistance.

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 – Ethics, Professional Conduct and Risk Reduction
Unit 9 – Theory of Property Valuation
Unit 10 – Soft Skills
Unit 11 – Preparing for a Mortgage Brokerage Career
Unit 12 – Sales Psychology

Length: 80 hours
Delivery: Online/Self-Study

Resources:

1. Study Materials
2. Video Lessons
3. Unit Quizzes
4. Additional Exam Prep Materials
   1. Summarized notes
   2. Extra Practice Questions (over 800)
   3. Mock Tests
   4. 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.