FSRA new Level 1 fee
$941, prorated
Triton check
$19.15 currently listed
Course tuition
Varies by approved provider
Other business costs
Vary by brokerage and strategy
On this page
The regulatory costs
FSRA currently lists the new Mortgage Agent Level 1 application fee as $941, prorated based on the month of application. FSRA also currently lists a $19.15 fee for the Triton background-check service used in the application process.
Those are not your total startup costs. Course tuition is charged separately by the approved education provider, and each brokerage can have a different commercial model.
The brokerage cost categories to ask about
Do not compare brokerages by one number. Request a written schedule showing every recurring and transaction-based charge that can reduce your gross commission or create monthly overhead.
- Commission split or brokerage share.
- Monthly or annual desk/network/technology fees.
- Errors-and-omissions insurance allocation.
- Credit-bureau or verification charges.
- CRM, LOS, email, website or marketing-platform costs.
- Per-file compliance, payroll or administration charges.
- Association dues if required by the brokerage.
- Lead fees or different splits on brokerage-provided business.
Your business-building budget
The largest hidden cost is often not licensing—it is the time and money required to create a predictable pipeline. A new agent may need a professional profile, basic website presence, business cards, CRM discipline, local networking, content, referral meetings and follow-up systems long before the first commission arrives.
Do not assume paid leads are the solution. A new agent should first learn conversion, qualification and follow-up. Buying more leads into a weak process can increase losses rather than accelerate the business.
Compare total economics, not headline split
Two brokerages with different splits can produce the opposite economic outcome once support, fees, funded volume and lead source are considered. Model a conservative first year: assume fewer funded files than your optimistic target, then calculate what you would keep after every known charge.
Also assign a value to what is difficult to price: deal review, mentorship, access to specialists, response time, lender relationships and the quality of the training environment.
Career next step
Considering a brokerage?
Use the Career Academy to compare the profession first. If our operating philosophy fits what you are looking for, you can then introduce yourself through the dedicated agent application pathway.
Agent applicationFrequently asked questions
What is the FSRA fee for a new Level 1 mortgage-agent licence?
FSRA currently lists $941, prorated depending on the month of application.
Is the course included in the FSRA licence fee?
No. Course tuition is set by the approved education provider and is separate from the FSRA licensing fee.
Are there costs after I am licensed?
Yes. Renewal, continuing education, brokerage charges and ordinary business-development expenses can all apply. Ask each brokerage for a complete written fee schedule.
Primary sources
Licensing rules and fees can change. These pages are reviewed against primary regulatory sources; always verify current requirements before applying or renewing.