A person who deals in mortgages on behalf of another for compensation, or holds oneself out as a mortgage broker, is required to have a mortgage broker licence from the Real Estate Council of Alberta (RECA), unless they are exempt by the legislation.
You do not need a licence if you deal in mortgage on your own behalf or lend your own money.
A mortgage is a loan for the purposes of securing the repayment of the loan.
Activities that require a licence:
Groups that do not require a licence: