Mortgage Brokerage in British Columbia Course

The Mortgage Brokerage in British Columbia course is the only course specifically designed to satisfy the minimum educational requirements for becoming registered with the BC Financial Services Authority (BCFSA) Registrar of Mortgage Brokers as a submortgage broker in British Columbia. The course provides students with a comprehensive understanding of mortgage financing fundamentals and techniques, enabling them to handle complex mortgage issues.

This blended learning course offers students the flexibility to register at any time. It is designed to be both flexible and structured to accommodate the needs of busy adult learners. Assignments must be completed within one year of registration, with a maximum submission of two assignments per week. Students are required to pass a final examination within two years of completing their assignments. Exams are scheduled four times a year at various locations across BC (exams must be taken in Canada). Alternatively, students can choose to take the exam at the Computerized Exam Centre (CEC) at the UBC Vancouver campus.

Admission Requirements

An applicant is suitable if they are qualified by education and experience, honest, candid, of good reputation, willing to comply with regulatory and industry standards, and have sufficient financial responsibility.

What You’ll Learn

• Fundamentals of law, Mortgage Brokers Act, and professional ethics.
• Title registration and strata properties in British Columbia.
• The professional liability of Mortgage Brokers.
• The law of contract and mortgage law.
• Financial statements, mortgage finance, and interest rates and mortgages.
• Mortgage analysis in real estate practice.
• Mortgage underwriting and borrower qualification.
• Management of individual loans.
• Mortgage loan repayment and refinancing options.
• Introduction to real estate appraisal.
• Direct comparison (comparative) and cost approaches of appraisal.
• The income or investment approach of appraisal.
• Introduction to marketing and technology.
• Effective negotiations and alternative dispute resolution.