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  • Buying a Home
    • Why Work With a Mortgage Broker?
    • Steps to Mortgage Approval
    • Understanding Mortgages >
      • Mortgage Types & Rates
      • Being a Responsible Borrower
      • Your Mortgage Contract
      • Being Aware of Risks
    • Mortgage Insurance
    • Real Estate Fraud
    • Find a Mortgage Broker
  • For Mortgage Brokers
    • Our Role in Advocacy
    • Value of membership >
      • Affinity Program
    • RECA Guides & Industry Tools
    • Compliance Toolkit
    • Become a Member
    • Member Portal Login
  • Join Our Industry
    • Why Become a Mortgage Broker
    • Apply for Mortgage Courses
    • How to get licensed in Alberta
    • Join a Member Company
    • Industry Job Board
    • Newly Licenced >
      • Finding a Brokerage
  • Events & News
    • Event Calendar
    • 50th Anniversary
    • Awards
    • 2025 Sponsorship Packages
    • Industry News
  • About Us
    • Our Mission & Strategic Plan
    • Board of Directors
    • Committees >
      • Audit, Finance & Risk Committee
      • DEI Advisory Committee
      • Education & Professional Development Committee
      • Governance Committee
      • Political Action Committee
      • Professional Standards Committee
      • Women of AMBA Committee
      • 2025 Awards Adjudication Working Group
      • 50th Anniversary Advisory Committee
    • Code of Conduct
    • Our Team
    • Contact
  • Blogs & Articles

Blogs & Articles

Ready to take the next step in your career? AMBA’s Broker-Owner course is now live!

6/19/2023

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​We are proud to announce the launch of our Broker-Owner course. Designed for practicing mortgage professionals who are interested in starting their own brokerage, it is the first and only course of its kind approved by RECA.
 
The Broker-Owner course is an advanced program that reviews key industry skills and introduces business concepts that will assist you as a future business owner and team leader. Topics covered include brokerage business models, risk management, employee agreements, legislative responsibilities, and so much more. If you are interested in becoming a broker-owner, you must have at least two years of experience as a mortgage licensee within the past five years and complete the course, its final exam and RECA’s exam.
 
AMBA also offers two other courses: the Fundamentals of Mortgage Brokerage and the Practice of Mortgage Brokerage. Fundamentals is an introductory course that covers the basic topics that a mortgage broker needs to know, including key industry terminology, credit analysis, and understanding the market. Practice builds upon the concepts from Fundamentals, covering risk assessment, prepping a mortgage application, evaluating market trends, and more. These two courses are required to become a licensed mortgage broker in Alberta.
 
AMBA’s role in ensuring excellence in pre-licensing education
 
Every initiative AMBA undertakes is guided by our strategic plan, which is created based on feedback from our membership survey. In 2020’s survey, you told us you wanted AMBA to ensure excellence in pre-licensing education. We heard you! Upon RECA’s divestment of education, AMBA focused on becoming an approved pre-licensing educator for Alberta’s mortgage broker industry.
 
Through the guidance and hard work of our Education and Professional Development Committee and member subject matter experts, we developed the Fundamentals course, updated our Practice course and have now officially launched our Broker-Owner course.
 
AMBA’s goal is to become the leading provider of mortgage broker education and professional development in Alberta by equipping professionals with the highest quality knowledge. The ever-changing landscape of the mortgage industry makes it necessary for mortgage professionals to continue to improve their knowledge through training and experience. By providing high-quality education and professional development opportunities, AMBA endeavors to ensure that the public’s best interests are being protected by the real estate industry.
 
AREF’s commitment to creating a stronger real estate industry
 
The creation of these three courses would not have been possible without the generosity of the Alberta Real Estate Foundation (AREF). AMBA was awarded a $250,000 Legacy Grant from AREF which helped us develop relationships with professionals in educational development and course creation that not only helped build our current courses but have laid the groundwork to help create future course offerings.
 
“We heard from our stakeholders that different segments of the real estate sector face different challenges and require unique solutions. This education initiative delivers on the transformational and long-term change for the real estate industry we were looking for through our one-time legacy grant program. Supporting the education and professional development of mortgage brokers protects the interests of Albertans and increases confidence in the mortgage transaction, contributing to a stronger real estate industry,” says Patti Morris, Executive Director of the Alberta Real Estate Foundation.
 
We are grateful for the work that AREF does for the mortgage industry and for their continued support of AMBA. 

​About AREF
 
Created under the Alberta Real Estate Act, the Alberta Real Estate Foundation is a nonprofit organization that makes strategic investments, forms partnerships, and supports initiatives that benefit Albertans through the real estate industry. Since 1991, the Foundation has invested $27.5 million in nearly 700 initiatives across Alberta. The initiatives they fund advance and improve real estate-related education for professionals and consumers, law reform, and research, and seek innovative industry and community solutions.  A stronger real estate industry is a stronger Alberta. Visit them at aref.ab.ca.
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Alberta Mortgage Brokers Association
7326 10th Street NE, Suite 310   
​Calgary, AB T2E 8W1
Phone: 587.774.9828 
​Email: [email protected]
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At the Alberta Mortgage Brokers Association, we acknowledge that our work in the housing industry is deeply connected to the land we call home. We recognize and pay tribute to the traditional territories of the peoples of Treaties 4, 6, 7, 8 and 10.  We also honour the Métis Nation of Alberta.  As we work to facilitate homeownership in Alberta, we remember that we operate on land that has been home to Indigenous peoples for generations.