Course Overview
The Mortgage Brokerage in British Columbia course is the only course specifically designed to satisfy the minimum educational requirements to become registered with the Financial Institutions Commission (FICOM) Registrar of Mortgage Brokers as sub-mortgage broker in British Columbia. The course develops a thorough understanding of mortgage financing fundamentals and techniques that will enable you to handle complex mortgage problems. For detailed course content information, please view the Table of Contents and the Course Regulations.
This self-paced online course allows you to register, begin the course and work at your own pace. You must complete all course assignments within one year of registration in the course and also pass a final examination. Regularly scheduled exams take place at various times throughout the year throughout the province and your first registration is included with the course tuition fee. You may also choose to take your exam at the computerized exam centre (CEC) at UBC for an additional fee.
Pre-requisites & Language Proficiency Requirement (LPI)
There are no formal pre-requisites to register in this course; however, many of the topics require familiarity with basic algebra and completion of Grade 12 (including Math 12) or equivalent standing is strongly recommended. In addition, the Language Proficiency (LPI) requirement must be satisfied before you can register for an exam.
For more information on LPI exemptions or the LPI examination, view How to Satisfy the Language Proficiency Requirement.
After the Course
Completing the Mortgage Brokerage in British Columbia Course satisfies the minimum educational requirements for registration as a sub-mortgage broker in British Columbia and will qualify you to work for a registered mortgage broker. To apply to become a mortgage broker (with the ability to hire sub-mortgage brokers), you must first be registered as a sub-mortgage broker.
For more information on mortgage broker requirements, please view the Financial Institutions Commission (FICOM)'s Registration Information or contact the FICOM Registrar of Mortgage Brokers at (604) 660-3555.
Student Support
The following student support services
are included in the course tuition fee:
-
Tutorial assistance from our course specialists, through a toll-free number and email.
- Face-to-face and online lectures/workshops, designed to assist you in learning the concepts covered in the course manual. Attend optional classroom lectures, or access the video and audio recordings at any time.
- Online course resources, containing course updates, study materials, schedules, discussion forums, and tutorial information.
External Tutors/Lectures
You are encouraged to take advantage of the Tutorial Assistance and Classroom Lectures provided with your course rather than spending additional money on external services. Online video and audio tutorials are also included with your course for a number of topics, including the HP 10BII/10BII+ calculator.
It is important to note that the Real Estate Division has no ties with tutorial classes provided by other members or organizations of the real estate industry and does not monitor or check the services they provide. The Real Estate Division cannot be responsible for any information provided by these individuals or companies. External tutorial companies regularly make false claims, such as "only 30% of students pass the exam" or "we'll guarantee that you will pass the exam", so that you will spend your money with them. Remember, there are no guarantees and the Real Estate Division works with all students to provide every opportunity for success.
Accommodation for Students with Disabilities
The Real Estate Division's goal is to ensure fair and consistent treatment of all students, including students with a disability, in accordance with their distinct needs and in a manner consistent with academic principles. Candidates who have physical, sensory or specific learning disabilities are encouraged to contact UBC Access and Diversity to make appropriate arrangements.
Supplemental Course
Individuals who are currently licensed with the Real Estate Council of British Columbia or who have completed real estate services education from the Sauder School of Business within the past year may enroll directly in the Mortgage Brokerage Supplemental Course. Individuals who have been licensed with the Real Estate Council of British Columbia for at least three out of the last five years must receive written confirmation from the Registrar stating that they are eligible to enrol in the Mortgage Brokerage Supplemental Course prior to their enrolment in the program. Students who are not currently licensed or who have not written a full licensing exam within one year will be required to write the full three hour exam.
Individuals who have successfully completed the Mortgage Brokerage Supplemental Course must apply for registration within one year of writing the examination. This is to ensure that recently qualified applicants build on and solidify their education. However, if an individual has been actively brokering mortgages on behalf on an entity exempt from registration, such as a savings institution, the one-year period may be extended.
The Course Schedule gives you an indication of the topics and lessons which make up the Mortgage Brokerage Supplemental Course.
Tuition for the Supplemental Course is $590.
For more information on mortgage broker requirements or if you are unsure of your status for supplemental course registration, please view the Registration Information or contact the Financial Institutions Commission (FICOM) Registrar of Mortgage Brokers at (604) 660-3555.
In certain cases, individuals may be permitted by the Registrar of Mortgage Brokers to challenge the Mortgages Course.
Challenge Package
The Challenge Package assists students who have received permission to challenge the examination. The Challenge Package includes the course materials (such as the course manual, student handbook and course workbook), access to the Course Resources webpage and the central tutor support service. Please note that due to regulatory requirements, answer guides for assignment questions in the course workbook ARE NOT provided with the challenge package.
- Read the Challenge Package and Examination Information
- Download and submit the Challenge Package Registration Form
Please note that as an alternative to purchasing the Challenge Package, you can purchase some course materials individually from the Bookstore; however, the course workbook, student handbook, and access to the Course Resources webpage are only available with the Challenge Package.
Exemptions
If the Registrar of Mortgage Brokers has provided you with a written confirmation of an exemption to challenge the course by writing the examination only, and you wish to register for the next regularly scheduled examination or at the CEC without purchasing a Challenge Package, you should:
- Read the Challenge Package and Examination Information
- Download the Challenge Examination Registration Form
DO NOT download the challenge exam registration form if you are currently registered in the Mortgage Brokerage in British Columbia Course.
Inter-Provincial and BC Procedures Candidates
Visit the Mortgage Brokerage Inter-Provincial and BC Procedures webpage for more information.
Tuition and Registration
Mortgage Brokerage in British Columbia Course: $945 Register Now
Mortgage Brokerage in British Columbia Supplemental Course: $590 Register Now
Online registration accepts Visa and Mastercard 
WHAT'S INCLUDED: Your tuition fee includes all of the appropriate course materials (e.g., manual, workbook, and handbook - usually dispatched via courier within three to five business days of registration), access to student support services (e.g., classroom lectures, online video and audio presentations), and your first examination registration provided it is on a regularly scheduled examination date. Calculators are sold separately.
Please note that tuition fees are subject to change and a minimum withdrawal reduction of $200 will apply once your registration has been processed. No refund of course fees will be available unless a withdrawal request is received by our office within one month of your registration date.
Calculator and Computer
In addition to the materials and resources provided with your course tuition, you'll need a financial calculator (the Hewlett Packard (HP) 10BII/10BII+ calculator is used in the course materials), a computer, internet access and an email address. You may use any financial calculator for the course and exam, providing it is silent, cordless, handheld and not alphanumeric and programmable. You can purchase the HP10BII+ calculator online at the Real Estate Division Bookstore or have one included in your course package when you register online.