Section 12: Qualification for membership.

(1) A person shall be entitled to be registered as a member of the Institute if—
(a) he passes the qualifying professional examination conducted by the Council and completes the practical training prescribed; or
(b) he holds a qualification accepted by the Council as sufficient practical experience in mortgage brokerage and lending;
(c) he holds a qualification granted outside Nigeria which is recognised by the Council and he is by law entitled to practice the profession for all purpose in the country in which the qualification was granted.
(2) An applicant for registration shall in addition to evidence of qualification, satisfy the Council that —
(a) he is of good character;
(b) he had attained the age of 18 years; and
(c) he has not been convicted in Nigeria or elsewhere of an offence involving dishonesty.
(3) The Council may, provisionally accept a qualification produced in respect of an application for registration under this section, or direct that the application be renewed within such period as may be specified in the direction.
(4) An entry made under subsection (3), shall show that the registration is provisional and such entry may only be converted to full registration with the consent of the Council, signified in writing.