Announcements

NEW! Did you miss the February 15th Regulatory Update? If so, you can now watch the recorded webinar online and get the necessary credit.  To access the pre-recorded webinar, click on Education and then Online Modules.  The webinar as at the bottom of the list.

IMPORTANT: Please update your profile and contact information if needed.

FICOM announced in March of 2010, a new requirement for re-licensing education for mortgage brokers.

MBABC strongly supports this initiative as it will ensure that our mortgage brokers stay current with industry regulations and best practices. The Registrar’s Bulletin Number MB 12-004 specifies that all registered individual mortgage brokers and submortgage brokers confirm that re-licensing course requirements are satisfied prior to the renewal of their registration. Continuing education for all mortgage brokers is imperative to promote ongoing professionalism, and instill consumer confidence in our industry.

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Regulatory Updates and Online Modules Now Available

NEW USERS create your account. [Your Last Name is your password]
Log in and view Available Courses through your Account or through the Calendar of Events. You are registered once payment is processed.
Once you’ve created your user account, you will always be a Returning User for any further registrations

Online Modules:

You can’t take the same course twice.

Module 1 – Recordkeeping
This module covers record keeping bulletin, client files/contents, office files, electronic records, confidentiality, who owns records/files, duties around record keeping, privacy issues.

• 2  Compulsory AMP Credits

Module 2 – Advertising
This module covers name requirements, web site use, misleading information, MBA requirements, BPCPA requirements, false advertising and false statements.

• 2  Compulsory AMP Credits

Module 3 – Form 9

This module covers the investor/lender disclosure statement.

• 2  Compulsory AMP Credits

Module 4 – The Real Estate Appraisal

This module covers Appraisal concepts and different approaches to appraising property, how to read an appraisal, the review process, how appraisals can be used to perpetrate mortgage fraud.

• 2  Compulsory AMP Credits

Module 5 – Marketing

This module is divided into two major sections: I Understanding the Paradigm shift in martketing – II Theory and Practice Integration.

• 2  Compulsory AMP Credits

Module 6 – What is Mortgage Brokering under the Mortgage Brokers Act?  Registration Triggers

This module is to explain what constitutes mortgage brokering activity under the Mortgage Brokers Act (the “Act”), and when a person will require registration under the Act in order to perform those activities.

• 2  Compulsory AMP Credits

Regulatory Update:
Picture ID and Proof of Receipt required for access to Regulatory Update.

• REGULATORY UPDATE VIDEO February 15, 2013 - To access the pre-recorded webinar, click on Education and then Online Modules. The webinar as at the bottom of the list.

• REGULATORY UPDATE WEBINAR MAY 8, 2013 – Online Regulatory Update – 11am to 1:00pm
• 2 Compulsory AMP Credits

• REGULATORY UPDATE WEBINAR JUNE 19, 2013 – Online Regulatory Update – 11am to 1:00pm
• 2 Compulsory AMP Credits

Additional courses will be added throughout BC over the coming months. Check the Calendar of Events. Webinars will periodically be available for out of area licensees.