146. A natural person who, on 1 May 2010, holds a real estate agent’s certificate or a real estate broker’s certificate issued by the Association des courtiers et agents immobiliers du Québec under the Real Estate Brokerage Act (chapter C-73.1) is deemed to hold a real estate broker’s licence. A person holding an affiliated real estate agent’s certificate may act on the person’s own account only after meeting the qualification requirements set by the Organization. However, a person who engages exclusively in brokerage activities relating to loans secured by immovable hypothec may request that the person’s real estate broker’s permit be replaced by a mortgage broker’s licence.