This Real Estate Council of Alberta’s Mortgage Broker Industry Council has mandated that all mortgage licensees complete a re-licensing education program. The goal is to enhance the understanding and practices surrounding private lending within the industry and safeguard the interests of consumers who rely on these professional services.

The Alberta Mortgage Brokers Association (AMBA) will administer the Mortgage Broker Private Lending 2025 Relicensing Course. The program is designed to help licensees guide clients through private loans and understand how private lending works for borrowers and lenders and when it’s right for clients.

“The RECA Mortgage Industry Council is proud to have developed the Alberta Private Lenders Re-licensing course,” said Clarence Lee, Chairman of the RECA Mortgage Industry Council. “This vital initiative enhances industry standards and reinforces our shared commitment to consumer protection. This milestone could not have been achieved without the dynamic assistance of the Alberta Mortgage Brokers Association (AMBA) and the many dedicated stakeholders who generously contributed their time, insight and expertise. Together, we’ve created a resource that strengthens professionalism and accountability across Alberta’s mortgage industry.”

Licensees must complete the course before beginning their license renewal process for 2025/2026, which opens on August 18, 2025 and is due by September 30, 2025.