🧠 How to Check for a Broker’s Licence in Alberta — and Why It Matters
When you’re arranging a mortgage, you’re not just choosing an interest rate — you’re choosing trust.
In Alberta, that trust is protected by RECA — the Real Estate Council of Alberta — through its licensing system and its public search tool, ProCheck.
🔍 What Is RECA’s ProCheck?
RECA ProCheck is Alberta’s official online database that lets anyone verify if a mortgage broker, associate, or brokerage is properly licensed and in good standing.
You can search by individual name, brokerage name, or licence number to confirm whether the person — and the company they represent — are legally authorized to deal or trade in mortgages.
👉 Visit www.reca.ca/procheck to verify any Alberta industry professional or brokerage.
✅ Why Licensing Matters
Mortgage brokers and brokerages in Alberta are regulated under the Real Estate Act and must meet strict education, conduct, and trust-accounting standards.
Working with a licensed professional ensures:
- Consumer Protection — licensed brokers and brokerages are bound by provincial law and RECA’s Code of Conduct.
- Transparency — fees, conflicts of interest, and relationships with lenders must be disclosed.
- Accountability — if something goes wrong, RECA has authority to investigate and discipline misconduct.
- Competence — only trained, approved individuals and licensed brokerages can legally arrange or administer mortgage deals.
Unlicensed individuals or “consultants” can’t legally collect application information, negotiate rates, or present mortgage options on behalf of borrowers or lenders.
⚠️ Red Flags of an Unlicensed Broker or Brokerage
Be cautious if someone:
- Refuses to provide their full name or brokerage name
- Asks you to make payments directly to them, not the brokerage
- Promises guaranteed funding or “exclusive” deals outside of normal channels
- Can’t be found on RECA’s ProCheck
If any of these sound familiar — stop the process and verify both the individual and the brokerage licence immediately.
🧾 What to Do if You Suspect an Unlicensed Broker or Brokerage
- Search RECA ProCheck — confirm whether the person and the brokerage appear in the system.
- Do not sign or transfer funds until you confirm their licensing status.
- Report suspicious activity directly to RECA through reca.ca/complaints.
- If you’ve already been affected, gather all documentation and contact both RECA and your local law enforcement.
💬 A Note from Dependable Mortgage Solutions
At Dependable Mortgage Solutions (DMS), every broker and associate operates under full RECA licensing and regulatory oversight.
We encourage all borrowers and investors to verify any professional or brokerage they work with — including us — through RECA’s ProCheck system.
Transparency and compliance are the foundation of “Discovering the Dependable Difference.”
About DMS
Dependable Mortgage Solutions Corp. is an Alberta-licensed mortgage brokerage specializing in private and alternative lending solutions for borrowers and investors.
Visit dependablemortgage.ca to learn more about our process, our licensed professionals, and how we ensure compliance in every deal.