Alberta Mortgage Associate study plan
Alberta Mortgage Associate · Give each week a clear focus.
8 weeks · About 6 hours per week
Mortgage Brokerage Practice & Legislation and Regulation
Map the full mortgage brokerage workflow from lead intake to file funding, labeling each step with the party responsible and the document it produces
Define the key brokerage roles (associate, broker, designated broker, lender contact) and state the statutory duty each owes the client
Identify the Alberta legislation and regulator that govern mortgage associates, brokers, and brokerage operations, and note where each applies in the workflow
Build a one-page glossary of 30 core terms you will reuse all eight weeks
Your checkpoint
A one-page workflow-and-roles map covering every stage from client intake to file funding, with each stage annotated by the governing legislation
Mortgage Brokerage Practice & Legislation and Regulation
Trace the licensing pathway for a mortgage associate, including education, sponsorship, application, and renewal steps
Explain the record-keeping and file-documentation obligations a brokerage must meet and list what belongs in a complete client file
Describe the complaint and discipline process, naming the stages and the possible outcomes
Compare the associate's obligations to the brokerage, the client, and the regulator when these conflict
Your checkpoint
A completed sample client file checklist plus a written summary of the complaint and discipline process from complaint to outcome
Legislation and Regulation & Professional Conduct and Ethics
Summarize the disclosure duties owed to borrowers, including cost of borrowing, conflicts of interest, and referral arrangements
Distinguish prohibited conduct from merely poor practice using concrete scenarios
Explain privacy and anti-money-laundering obligations and identify the red flags that trigger escalation
Draft the questions you would ask a client to satisfy know-your-client requirements
Your checkpoint
A 15-scenario compliance quiz you write yourself, with a correct answer and a one-sentence rule citation for each scenario
Mortgage Products and Lending & Professional Conduct and Ethics
Compare fixed-rate, variable-rate, and hybrid mortgages on payment risk, prepayment terms, and suitability
Explain how amortization, term, payment frequency, and prepayment privileges interact over the life of a loan
Calculate a qualifying payment using the stress-test approach and explain why the qualifying rate differs from the contract rate
Identify the conflicts of interest that arise from commission and referral structures and describe how to disclose them
Your checkpoint
A scored self-test of 20 calculation and suitability questions, with every missed question rewritten and re-solved
Mortgage Products and Lending & Mortgage Brokerage Practice
Outline the application-to-approval process, including income, down payment, credit, and property documentation
Explain default insurance, the high-ratio threshold, and how insurance premiums affect the loan amount
Describe alternative and private lending products, including when each is appropriate and the added risks
Explain how a broker submits to multiple lenders and reconciles competing commitments
Your checkpoint
A side-by-side product comparison table covering at least six mortgage product types on rate structure, eligibility, insurance, and suitability
Professional Conduct and Ethics & Mortgage Brokerage Practice
Apply a structured ethical decision framework to three ambiguous client situations and defend each conclusion
Explain fiduciary duty, confidentiality, and capacity to act in the client's best interest
Describe how to handle a client who asks you to misstate income or down payment source on an application
Identify vulnerable-client indicators and the accommodations a brokerage should make
Your checkpoint
Three written case analyses of at least 250 words each, each ending with the action you would take and the rule that supports it
Mortgage Products and Lending & Legislation and Regulation & Professional Conduct and Ethics
Re-test your two weakest domains using timed question sets and log every error by root cause
Re-derive the formulas for qualifying payment, loan-to-value, and cost of borrowing without notes
Review all legislation summaries and correct any point you cannot restate from memory
Practice explaining a complex product or disclosure to a client in plain language in under two minutes
Your checkpoint
A root-cause error log covering at least 40 practice questions, showing the error category and the corrected reasoning for each
Mortgage Brokerage Practice & Mortgage Products and Lending & Legislation and Regulation & Professional Conduct and Ethics
Complete two full-length timed mock exams under exam conditions and score each by domain
Review every missed item until you can state the rule and the reasoning without prompts
Recite the licensing, disclosure, and record-keeping requirements from memory
Finalize a one-page pre-exam reference sheet limited to items you have repeatedly missed
Your checkpoint
Two completed timed mock exams with a domain-by-domain score report and a one-page pre-exam reference sheet
Milestones
Week 2: You can describe the licensing pathway and the complaint process end to end without notes, and your sample client file checklist covers every required document
Week 4: You score at least 80 percent on your own 20-question calculation and suitability self-test and can explain the stress-test qualifying rate in plain language
Week 6: You can resolve three ambiguous ethical scenarios in writing, each with a defensible action and a cited rule
Week 8: You score at least 75 percent on both timed mock exams with no domain below 70 percent, and you can restate all licensing and disclosure requirements from memory