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Mortgage Services Act: Education

Mortgage Services Act: Education

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MSA Education

BCFSA has prepared transition education to support those currently registered to provide mortgage services under the Mortgage Brokers Act (“MBA”) who wish to continue providing mortgage services after the Mortgage Services Act (“MSA”) comes into force on October 13, 2026.

There are separate mandatory transition education pathways depending on which licence you want to have under the MSA, as noted in the table below. Information about courses, including how to register, will be provided directly to current MBA registrants and applicants as it becomes available.

Individuals considering a career as a mortgage broker have two options:

  • Wait and take the MSA Mortgage Broker Licensing course, which is expected to launch a few months before the MSA comes into force.

Transition Education Requirements

  • Individuals wishing to be licensed as a Principal Broker

    • MSA: Getting Started – an introduction to the new regulatory regime
    • MSA: The New Principal Broker

  • Individuals wishing to be licensed as a Mortgage Broker

    • MSA: Getting Started – an introduction to the new regulatory regime
    • MSA: The New Mortgage Broker

  • MSA: Getting Started

    The MSA: Getting Started is the first course in a series of MSA transition education courses. This online course provides a high-level overview of the MSA, including new definitions, the licensing process, licensee obligations, and enforcement processes.

    MSA: Getting Started is mandatory for all current MBA registrants to become licensed under the new MSA. It is a pre-requisite to taking the mortgage broker or principal broker transition education courses.

    MSA: Getting Started launches on September 9, 2025. When the course is launched, current MBA registrants will receive an email from UBC with the course registration link.

    • Course fee: $25
    • Time to complete: Approximately 30 minutes

  • MSA: The New Principal Broker

    The two-part MSA: The New Principal Broker course is designed for current Designated Individuals who will continue to oversee their brokerage as a Principal Broker after the MSA comes into force, or for currently registered submortgage brokers who have been identified by the brokerage as the proposed principal broker under the MSA. Any submortgage brokers who plan to become licensed as a principal broker will, in addition to transition education, be required to meet suitability requirements for licensing at this level.

    Completion of MSA: The New Principal Broker course is mandatory for continued licensing as a Principal Broker after October 13, 2026.

    Part one will be delivered starting in early fall 2025 and consists of online modules and optional virtual classroom sessions. Topics will focus on:

    • The licensing framework and processes under the MSA;
    • Administration of the brokerage; and
    • Principal broker management and responsibilities.

    Part two will be fully online and is expected to be available approximately five months prior to the MSA coming into force. Topics will focus on:

    • Relationships with clients; and
    • Discipline and enforcement.

    Course fees:

    • Part 1: $100
    • Part 2: $50

    More details about the MSA: The New Principal Broker course, including how to register, and course facilitation will be shared with current designated individuals in the coming months.

  • MSA: The New Mortgage Broker

    The MSA: The New Mortgage Broker course is designed for current MBA registrants wishing to become licensed under the MSA.

    Completion of this course is mandatory for mortgage brokers to continue to provide mortgage broker services after the MSA comes into force on October 13, 2026.

    The MSA: The New Mortgage Broker course is expected to launch approximately five months prior to the MSA coming into force. This course will be facilitated online, with five online modules focused on:

    • The licensing framework and processes under the MSA;
    • Relationships with clients;
    • Discipline and enforcement;
    • Administration of the brokerage; and
    • Principal Broker responsibilities.

      Course fee: $150
    • More information about this course, including how to register, and timing for the course opening, will be communicated with current MBA registrants closer to the course launching.

MSA Education FAQs

*This information will be updated as new information becomes available.

  • Education requirements will differ depending on the type of licence you wish to apply for. All current registrants wishing to become licensed under the MSA will be required to complete two mandatory education courses.

  • The total cost of all MSA transition education courses developed to prepare mortgage brokers for the MSA is $175.

    The following course fees have been established for each of the MSA transition education courses:

    • MSA: Getting Started: $25
    • MSA: The New Principal Broker
      • Part 1: $100
      • Part 2: $50
    • MSA: The New Mortgage Broker: $150

    Further information about courses, including how to register, and timing for course registration, will be communicated to current MBA registrants closer to the courses launching. Check out the Road Ahead to the MSA graphic for a snapshot of when to expect the launch of transition education courses.

  • MSA transition education courses will be released at different times.

    The MSA: Getting Started course launches on September 9, 2025, followed by the MSA: The New Principal Broker course later in fall 2025.

    The MSA: The New Mortgage Broker course is expected to launch approximately five months prior to the MSA coming into force.

    Information about courses, including course fees, how to register, and timing for course registration, will be communicated to current MBA registrants closer to the courses launching.

  • All MSA transition education courses will be delivered via online learning and can be completed at the learner’s own pace, but must be completed before the MSA comes into force on October 13, 2026.

  • All MSA transition education courses will be offered through online learning. However, the MSA:The New Principal Broker course will include optional virtual classroom sessions.

    Information about courses, including how to register, will be provided directly to current MBA registrants and applicants as it becomes available.

    Generally, registration and online delivery of transition education will be through UBC Sauder School of Business. Registration for the MSA: The New Principal Broker – Part One will be through BCFSA. When registering, learners will choose their preferred session from a number of available course offerings, including dates for an optional virtual classroom session.

  • If you have not completed your required education, your registration will not be transitioned to a licence when the MSA comes into force on October 13, 2026, and you will not be able to provide any mortgage services until you become licensed.

    All current MBA registrants are required to have completed the necessary MSA transition education courses applicable to their licence type to qualify for licensing under the MSA.

    If you miss the opportunity to take the transition education before October 13, 2026, there is no need to worry. BCFSA will continue to make transition education available after the MSA comes into force for individuals who may have missed taking it earlier or for those who have been on leave. However, you won’t be able to provide mortgage services until you have successfully completed the required education.

MSA: Getting Started FAQs

  • MSA: Getting Started will launch on September 9, 2025.

    When the course launches, all current MBA registrants will receive an email from UBC with a link to register for the course.

  • Yes. All current MBA registrants must complete the MSA: Getting Started course to be licensed under the MSA.

    Additionally, the MSA: Getting Started course is a pre-requisite to taking any of the other required MSA transition education courses (i.e., MSA: The New Principal Broker course, MSA: The New Mortgage Broker course).

  • MSA: Getting Started is expected to take learners approximately 30 minutes to complete and is offered via online learning. It can be completed at the learner’s own pace but must be completed before the MSA comes into force on October 13, 2026.

  • Yes, the fee for the MSA: Getting Started course is $25.

  • MSA: Getting Started is an online module and will be delivered through UBC Sauder School of Business, similar to how the online modules for Legal Update are completed.

    On September 9, 2025, when the course launches, all current MBA registrants will receive an email from UBC with a link to register for the course.

  • The MSA: Getting Started course will help learners understand the major changes created by the MSA. By the end of the course, learners will be able to:

    • Describe the new licensing levels and mortgage services definitions;
    • Understand the qualification process for individual licensees;
    • Identify key obligations set out in the MSA; and
    • Describe the MSA’s enforcement mechanisms and its sanctions.

FAQs for current mortgage broker students, or prospective mortgage brokers

  • The MSA will come into force on October 13, 2026. If you would like to provide mortgage services before this time, you should complete the Mortgage Brokerage in BC course and apply for registration under the current Mortgage Brokers Act (“MBA”). Once registered, the transition education requirements would apply and you would be required to complete the additional courses to be licensed under the MSA.

    If you would like to wait for updated licensing education, a new Mortgage Broker Licensing course for prospective mortgage brokers is expected to launch in the summer of 2026.

  • You should complete your Mortgage Brokerage in BC course and examination and, when you are ready, apply for your mortgage broker registration under the MBA. You will then receive further information about taking the MSA transition education courses.

  • No. Current Mortgage Brokerage in BC course students are required to complete the necessary MSA transition education courses in order to receive licensing when the MSA comes into force. If you do not complete the required education prior to October 13, 2026, your licence will not be transitioned to a licence under the MSA, and you cannot continue to provide mortgage services until you complete the required education, and your licence has been reinstated.