Alberta Mortgage Associate Practice Questions - Alberta Mortgage Associate Licensing Exam

Who is required to be licensed by RECA to trade in mortgages in Alberta?

Only individuals who work independently and are not affiliated with a brokerage. Only individuals who charge a fee for their services, not those paid by lenders. Only mortgage brokers, as associates operate under their broker's license. All individuals acting as mortgage associates or mortgage brokers.

Correct Answer:

All individuals acting as mortgage associates or mortgage brokers.

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