How to become a mortgage broker in Newfoundland and Labrador?



How to become a mortgage broker in Newfoundland and Labrador?

To conduct business in Newfoundland you must register with Service Newfoundland for a mortgage broker licence. Unlike many of the provinces, there is no education requirement to be a mortgage broker in Newfoundland and Labrador.

How much does it cost to get a mortgage broker license?

or Regulations shall be considered to be sufficiently sent or served if delivered personally or mailed by registered mail to the registrant at the address for service stated in the application for registration. The registration fee for a mortgage broker’s licence is $300.00.

How many real estate agents are there in Newfoundland and Labrador?

There are also 78 licensed real estate brokers and 636 licensed real estate agents (real estate salespersons) in Newfoundland and Labrador. Many Newfoundland mortgage brokers are based in the capital city of St. John’s, but many mortgage brokers also operate throughout the province.

How do I get the best mortgage rates in Newfoundland?

To secure the best mortgage rates in Newfoundland, contact a mortgage broker or agent in your area. Using a local broker gives you the ability to meet in-person to discuss your needs and concerns and gives you access to the best mortgage rates offered by banks and lenders across Canada.