Quebec AMF Broker case studies
Quebec AMF Broker · Put your knowledge to work in context.
The Quebec AMF Mortgage Broker Certification Examination is the certification examination referenced in the Autorité des marchés financiers' pathway for mortgage brokerage professionals in Quebec. The AMF is the regulator that oversees mortgage brokerage in the province, and its website groups mortgage brokerage under "Becoming a professional," alongside insurance of persons, damage insurance, claims adjustment, financial planning, and securities. This page is an independent study resource for candidates preparing for that certification examination; it is not affiliated with, endorsed by, or operated by the AMF. The exam is intended for individuals pursuing authorization to act in Quebec's mortgage brokerage sector, who must demonstrate both technical mortgage knowledge and a firm grasp of their legal and ethical obligations toward borrowers. The Quebec AMF Broker case studies are 5 cases and about 2,331 words.
1The Renewal Squeeze on a Fixed-Income Borrower
Marc, 58, has a 310,000 mortgage at 4.1% fixed, maturing in 14 months. His income is a 68,000 pension, stable but not growing.
466 words, about 2 min2The Self-Employed Borrower With Declining Net Income
Priya runs a design studio as a sole proprietorship. She wants to buy a 640,000 condo with 20% down, requiring a 512,000 mortgage.
465 words, about 2 min3The Referral Fee and the Undisclosed Conflict
A real estate agent, Denis, refers a first-time buyer, Sophie, to broker Amélie. Denis tells Amélie privately that he will pay her $1,500 "marketing support" for every client she closes who uses his preferred notary and inspection firm.
438 words, about 2 min4The Reverse Mortgage Question at Retirement
Robert and Louise, both 71, own a 700,000 home with no mortgage. Their income is 52,000 from pensions and government benefits.
494 words, about 2 min5The Gifted Down Payment and the Paper Trail
Karim, 29, is buying his first home for 410,000 with 5% down, or 20,500. He has 12,000 saved.
468 words, about 2 min