Associate Mortgage Broker Licence (for individuals)
Apply for an Associate Mortgage Broker Licence. You need the licence if you’re employed by a mortgage brokerage to act as an intermediary between a borrower and lender for a mortgage while under the supervision of a licensed mortgage broker. An associate mortgage broker can only broker mortgages on behalf of the mortgage brokerage named on the licence.
By law, you must have an Associate Mortgage Broker if you’re employed by a mortgage brokerage to act as an intermediary between a borrower and lender for a mortgage in Nova Scotia.
An associate mortgage broker is a person who acts as a mortgage broker on behalf of a mortgage brokerage. A designated mortgage broker with the brokerage supervises the associate mortgage broker.
You need to be 19 or older to apply. Your employer needs to have a Mortgage Brokerage Licence. The principal broker needs to apply for the licence on your behalf.
You also need to meet the following criteria:
- you’re a Canadian resident
- you have a criminal record check from the Royal Canadian Mounted Police (RCMP), municipal police department or military police (you need to get the criminal check in person and can’t use a third-party or private company to complete the check)
- you provide confirmation to the principal broker that you have read and understand the Mortgage Regulation Act and regulations and agree to follow all requirements
- you complete the Nova Scotia Associate Mortgage Broker Course within the 2 years before you apply
How to apply
- Apply online for the licence.
- Check the application for details on all required supporting documents.
- Include payment with your application.
- Submit your completed application, supporting documents and payment.
- The Business Licensing Section notifies your employer when the licence is issued.
How long it takes
It should take 2 weeks for your employer to get the licence. It can take longer if more information is needed or if your application hasn’t been filled in correctly.
Credit card (Visa, Mastercard, American Express, Discover), Interac® Online, debit card.
When you pay online you need to pay the fee by credit or debit card (Visa, Mastercard, American Express, Discover, Visa Debit, Debit Mastercard). You can only pay by debit card online if your bank participates in Interac® Online.
Before you start
Make sure you have:
- criminal record check by the RCMP, municipal police department or military police (you need to get the criminal check in person and can’t use a third-party or private company to complete the check)
- reviewed the detailed licensing and education requirements in the Licensing Requirements and Roles: Mortgage Broker and Associate Mortgage Broker (PDF)
- reviewed and understand the Mortgage Regulation Act and regulations
When you apply online you need to create an account or sign in.
Sign in if you already have an account for the mortgage brokerage
You need to renew your Associate Mortgage Broker Licence by 31 October each year. You should get a renewal notice by email before the renewal date. It’s your responsibility to renew on time (the principal broker needs to renew the licence on your behalf).