What license is required for Walter to refer a Mortgage Broker?

To refer a Mortgage Broker, Walter is required to hold a Mortgage Associate License. This license qualifies individuals to engage in activities related to mortgage transactions under the supervision of a licensed mortgage broker. In Saskatchewan, mortgage associates are specifically trained to understand mortgage products and market conditions, and they play a crucial role in facilitating the connection between clients and mortgage brokers.

Having a Mortgage Associate License means that Walter is equipped with the necessary knowledge and regulatory understanding to operate effectively in this capacity, making recommendations, and helping clients navigate the mortgage process. This license ensures compliance with regulations governing the mortgage industry in Saskatchewan, which is important for maintaining consumer protection and industry standards.

In contrast, other licenses mentioned—such as a Real Estate License, Mortgage Broker License, or Financial Advisor License—either pertain to different roles within the real estate and financial sectors or require a more advanced level of authorization than what is necessary for referring a mortgage broker. Therefore, the specific requirement for Walter to refer a Mortgage Broker is satisfied by obtaining a Mortgage Associate License.