Prince Edward Island - Get Mortgage Broker License

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Procedure

Apply Online (Real Estate License):

1. To apply for a Mortgage Broker License (Real Estate License), the applicant can approach the Prince Edward Island Real Estate Association (PEIREA). Here is the contact Link
2. The applicant will need to complete a course before they can be licensed. Find information here Link
3. The applicant will need to fill out an application form. Click on the following link to the online form Link
4. The applicant will need to fill out the application form with all the relevant details.
5. The applicant will need to send in information proving that they have completed an approved course.
6. The applicant will need to submit additional documents as mentione dunder the “Required Documents” sectio of this page.
7. The applicant will have to make a fee payment. Find further information under the “Fees” section of this page.
8. The applicant will need to undergo a criminal record check.
9. The application will be processed within a few weeks from the submission of the application.

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Required Documents

• Application form Link

Office Locations & Contacts

Phillip McInnis (Compliance Officer)
Address: Consumer, Corporate and Financial Services
Shaw Building, 1st Floor
105 Rochford Street
Charlottetown, PEI
Telephone: (902) 368-4937
Fax: (902) 368-5283
Email: [email protected]
Contact Link
Address: 3 Lower Malpeque Road,
Unit L100
Charlottetown PE
Canada, C1E 1R4
Phone: 902.368.8451
Email: [email protected]
Contact Link

Eligibility

• The applicant must be 18 years of age or above.
• The applicant must legally be allowed to work in Canada.
• The applicant will need a current salesperson license.
• The applicant must have worked at a firm office for at least 2 years.

Fees

• The applicant will need to pay a fee of 3500$ for the course.
• The applicant will need to maintain a 2000$ bond.
• Cheques are payable to the following address: The PEI Real Estate Association 3 Lower Malpeque Road Unit L100 Charlottetown, PEI C1E 1R4
• If the applicant is paying using e-transfer, contact the following email address: [email protected] .

Validity

• The license needs to be renewed every 2 years.

Documents to Use

• Application form Link

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

• It takes a few weeks to process the application.

Related Videos

Videos explaining the procedure or to fill the applications.
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Instructions

• The applicant will need to hold a salesperson license for 2 years before applying for a broker’s license. Find information here Link

Required Information

• Name
• Business or trade
• Head office address
• Postal code
• Telephone number
• Email
• Business address(es) in Manitoba from which the applicant intends to carry on business as a mortgage broker
• Name of financial institution
• Trust account number
• Signature

Need for the Document

• A mortgage broker arranges mortgages for a brokerage company, a person is legally required to obtain a license before practising. This document proves that the applicant is licensed.

Information which might help

• Information Link
• Real estate trading act Link

Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

Place some external links which might help.

Others

More information which might help people.