Things You'll Need:
- Office equipment (e.g. telephone, printer, fax) A database of mortgage types from different lenders Mortgage broker education course and a mortgage agent course Licensure examination completion Mailing address
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Step 1
Complete a course on mortgage agent education. You may look for institutions providing these courses on the internet. The courses may be taken personally by attending classes or online.
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Step 2
Apply for a mortgage agent license. You will need to follow your provinces' application process. This process will vary province to province. This will allow you to deal or trade in mortgage brokerage, which is a requirement for being a mortgage broker in Canada.
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Step 3
Next, take the mortgage broker education. Like in the mortgage agent courses, you may find institutions offering these courses on the internet.
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Step 4
Apply for a mortgage broker license once your course is finished. Also within this time, you will have to be a licensed mortgage agent for at least 24 months and worked for only one mortgage brokerage in Canada.
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Step 5
Apply for a license after you have fulfilled the requirements for obtaining one. There may be some testing involved, as well as fees. Find out if you can obtain a waiver for the fees. Once you have been tested, and provided you have passed the necessary tests, wait for your license to be issued.
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Step 6
Start doing business by finding buyers close to your province or with the use of the internet.
