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I am a Real Estate Broker that registered with RECO after July 1, 2008. Will I be exempt from the Mortgage Broker education and experience licensing requirements if I apply for a licence?

April 26, 2017broker Education exempt experience july 1 2008 licensing mortgage broker Real Estate reco registered

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I am a Real Estate Broker that registered with RECO after July 1, 2008. Will I be exempt from the Mortgage Broker education and experience licensing requirements if I apply for a licence?

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No, the education and experience exemption only applies if you were registered as a Real Estate Broker with the Real Estate Council of Ontario (RECO) as of July 1, 2008. In this case you have until July 1, 2009 to apply for a Mortgage Broker licence.