Fundamentals of Mortgage Brokerage - RECA Recognized course

FUNDAMENTALS OF MORTGAGE BROKERAGE - RECA RECOGNIZED COURSE

Fundamentals of Mortgage Brokerage course is the first course to get licensed as a Mortgage Brokerage professional in Alberta.

Buy for $1,497

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 to complete the course and write the licensing exam with RECA. Learners have 2 attempts to pass the licensing exam with 70% passing marks required. Then the learners can proceed to the Practice of Mortgage Brokerage which is the second course required for licensing.

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.

This course requires registration with RECA.

Course outline

1. Welcome to Alberta Real Estate School!
2. Student Prizes
3. Terms of Service
4. Refund Policy
5. Course Completion Timeline
6. Getting Started
7. RECA Exam Guidelines for Learners
8. RECA Exam Preparation Guide
1. Learner's Code of Conduct
2. Account Sharing and Course Content Violations
1. Unit 1 - Notes (Downloadable/Optional)
2. Unit 1 - Session 1 - Introduction to Real Estate
3. Introduction to Real Estate
4. Unit 1 - Session 2 - The Basics of Economics
5. The Basics of Economics
6. Unit 1 - Session 3 - Supply and Demand
7. Supply and Demand
8. Economic Activity and the Real Estate Market
9. Business/Market Cycles
10. Unit 1 - Session 4 - Understanding Mortgage Brokerage
11. Unit 1 - Session 5 - Structure and Scope of the Industry
12. Unit 1 - Session 6 - Mortgage Industry Related Organizations
13. Unit 1 Quiz
1. RECA Contact ID
1. Unit 2 - Notes (Downloadable/Optional)
2. Unit 2 - Session 1 - Mortgage Overview
3. Mortgage Overview
4. Unit 2 - Session 2 - Qualifying for Mortgage Financing
5. Qualifications For Mortgage Financing
6. Unit 2 - Session 3 - Mortgage Insurance and Security
7. Mortgage Insurance And Mortgage Security
8. Unit 2 - Session 4 - Types of Mortgages
9. Unit 2 - Session 5 - Mortgage Features and Privileges
10. Types Of Mortgages, Mortgage Features And Privileges Slides
11. Unit 2 Quiz
1. Unit 3 - Notes (Downloadable/Optional)
2. Unit 3 - Session 1 - Common Law and Real Property
3. Common Law and Real Property
4. Unit 3 - Session 2 - Contract Law
5. Contract Law
6. Unit 3 - Session 3 - Contracts in Mortgage Brokerage
7. Contracts in Mortgage Brokerage
8. Unit 3 - Additional Information
9. Unit 3 Quiz
1. Unit 4 - Notes (Downloadable/Optional)
2. UNIT 4 - REAL PROPERTY LAW AND RELATED LEGISLATION
3. Unit 4 - Session 1
4. Property Ownership and Rights
5. Unit 4 - Session 2
6. Registered Interest and Mortgage Priority
7. Unit 4 - Session 3
8. Land Registration and Titles
9. Unit 4 - Session 4
10. Legal Land Descriptions, RPRs, Certificate of Compliance, and Title Insurance
11. Unit 4 - Session 5
12. Development Plans, Land Use, and Building Codes
13. Municipal Property Assessment
14. Municipal Property Act and Taxes
15. Unit 4 - Session 6 - Other Real Property Legislation
16. Other Real Property Legislation
17. Unit 4 Quiz
1. Unit 5 - Notes (Downloadable/Optional)
2. Unit 5 - Session 1 - Overview of Mortgage Law
3. Overview of Mortgage Law
4. Unit 5 - Session 2 - Mortgage Default and Enforcement Remedies
5. Mortgage Default and Enforcement Remedies
6. Unit 5 - Session 3 - Fair Trading Act
7. Fair Trading Act and Mortgage Brokerage
8. Unit 5 - Session 4 - Related Legislation
9. Related Legislation
10. Unit 5 Quiz
1. Copy of RECA Contact ID
1. Unit 6 - Notes (Downloadable/Optional)
2. UNIT 6 – REAL ESTATE ACT, RULES AND REGULATIONS.pdf
3. Unit 6 - Session 1
4. The Real Estate Act, License Classes, and Requirements
5. Unit 6 - Session 2
6. Getting Authorized
7. Unit 6 - Session 3
8. RECA: Standards of Practice, Disciplinary Outcomes, and Professional Prohibitions
9. Written Service Agreements, Protecting Client Information, Referrals, and Brokerage Support Personnel
10. Unit 6 - Session 4
11. Brokerage Responsibilities and Prohibitions, Incentives, and Inducements
12. Fees, Documents, Personal Trades, Brokerage Trust Accounts and Records
13. Unit 6 - Session 5
14. Professional Conduct Review: Program, Process, Outcomes, and Proceedings
15. Unit 6 - Session 6 - Advertising Guidelines
16. Advertising Guidelines
17. Unit 6 Quiz
1. Unit 7 - Notes (Downloadable/Optional)
2. Unit 7 - Session 1 - Agency and Agency Relationships
3. Unit 7 - Session 2 - Mortgage Brokerage Relationship with Licensee
4. Agency And Agency Relationships, Mortgage Brokerage Relationship With Licensee
5. Unit 7 - Session 3 - Mortgage Brokerage Relationships with the Public
6. Mortgage Brokerage Relationship Responsibilities
7. Unit 7 - Session 4 - Mortgage Brokerage Duties (Services)
8. Aligning Brokerage Duties (Services) With The Brokerage Relationship
9. Unit 7 - Session 5 - Mortgage Brokerage Disclosure Documents
10. Mortgage Brokerage Disclosure Requirements
11. Unit 7 Quiz
1. Unit 8 - Notes (Downloadable/Optional)
2. Unit 8 - Session 1 - Personal Ethics and Conduct
3. Morals, Ethics, and Professional Conduct
4. Unit 8 - Session 2 - Ethical Decision-Making Model
5. The Ethical Decision-Making Model
6. Unit 8 - Session 3 - Ethics and Professional Conduct
7. The Role of Ethics in Professional Conduct
8. Unit 8 - Session 4 - Risk Reduction
9. Risk Reduction, Torts, Liability, and the Real Estate Assurance Fund
10. Unit 8 Quiz
1. Unit 9 - Notes (Downloadable/Optional)
2. Unit 9 - Property Valuation.pdf
3. Unit 9 - Session 1 - Real Property And Valuation Professionals
4. Real Property And Valuation Professionals
5. Unit 9 - Session 2 - Understanding Property Value
6. Understanding Property Value
7. Unit 9 - Session 3 - The Principles Of Property Valuation
8. The Principles Of Property Valuation
9. Unit 9 - Session 4 - The Appraisal Process
10. The Appraisal Process
11. Unit 9 Notes
12. Unit 9 Quiz
1. Unit 10 - Handout (Printable/Optional)
2. Unit 10 - Session 1 - Communicate Effectively
3. Communicating Effectively
4. Unit 10 - Session 2 - Diversity, Equity, and Inclusion
5. Diversity, Equity, and Inclusion
6. Unit 10 - Session 3 - Empathy and Handling Complaints
7. Unit 10 - Session 4 - Time Management
8. Time Management
9. Unit 10 Quiz
1. Unit 11 - Session 1 - Preparing for a Career
2. Unit 11 - Session 2 - Continuous Learning and Practice Improvement
1. Unit 12 - Sales Psychology
1. Course Competency Map
2. RECA Final Exam Weightings - Condensed
3. Exam Prep
4. Guide: How to book your exam?
5. Video Tutorial: How to book your exam?
6. Marketing Strategies - Video
7. RECA Advertising Guidelines
8. Advertising Guidelines (RECA)
9. Mortgage origination standards
10. Foreclosure Proceedings

About this course

Length: 80 hours
Delivery: Online/Self-Study

Next Step:

Book your exam

EXAM GUIDELINES:

EXAM: Administered by RECA.
EXAM LOCATION: RECA approved Exam Centres
DURATION: 3 Hours
TOTAL No. OF ATTEMPTS: 2
PASSING GRADE: 70%

REVIEWS

Anuradha

⭐️⭐️⭐️⭐️⭐️

"I am thrilled to share that I have successfully passed the exam! The course has been an incredible learning experience for me, and I would like to express my gratitude to you and the entire faculty for providing such a comprehensive and well-structured curriculum. The guidance and support I received throughout my studies have been invaluable in helping me achieve this milestone."

Ankur

⭐️⭐️⭐️⭐️⭐️

"I passed my Fundamentals exam in first attempt all thanks to Raman. I bought the online video course and it was really helpful and in details. It's an excellent school for Real Estate license."

Kuda

⭐️⭐️⭐️⭐️⭐️

"Their material saved me in my Fundamentals of Real Estate Course. I signed up with a different course provider, but had the feeling there was something wrong/insufficient about the material. I bought the course material from Alberta Real Estate School and managed to ace the exam. I knew I would have failed if I had depended on my original course provider"

Laith

⭐️⭐️⭐️⭐️⭐️

"The best Real Estate school. I passed my two exams (Fundamentals and Residential) on the first attempt. Raman, she is accommodating, helpful, friendly and has heightened knowledge of Real Estate. I wish I live in Edmonton to join her brokerage. I'm happy my son joined her team as a realtor because he is studying at UFA. Highly Recommended school."

Katarina

⭐️⭐️⭐️⭐️⭐️

"Raman provides an excellent course, she contextualizes the course material in a way that’s understandable. Would highly recommend her as a facilitator"

Test your knowledge before writing the exam!

Our Mock Test is designed to test your knowledge in a simulated environment, ideally to review your performance before writing your exam and get used to RECA's exam structure. Please note if you enroll to the Fundamentals of Mortgage Brokerage course, you don't need to buy this as it comes with it.

Try it now!