Hi all, these are the options that I have in place at the moment:1) Join a franchise, however the thing I would like to learn more about is the commission splits that certain franchises take such as mortgage choice, smartline, rams etc… is approximately a take of 40% on upfront and trailing on all loans standard for franchises as it seems fairly…[Read more]

Hi Terry – do aggregators assist with providing leads and referrals? As this would be the main reason I would want to join a franchise model.Hi Gibbo – Yes I'm still in contact with him, he said he would act as a mentor for me and to recommend going under his aggregator – Choice. Again the main concern is if I go with this model, outside of the…[Read more]

Hi,Since I posted in this thread 6 months ago, I've stopped working at my role as an assistant to a mortgage broker and have spent the last 4 months studying for the Cert IV which I have obtained and am now studying the diploma in mortgage broking which I aim to complete by the end of June.I have done some research into franchisor models and their…[Read more]

Is it necessary to become MFAA approved? Even if it is not necessary I'm assuming there would be benefits and perks to joining MFAA?I've had conflicting responses from numerous people I've spoken to.

Thanks terry, just sent you a PM as well.So after doing a bit more reading, steps include:1) Getting a certificate IV in financial services which costs around $5002) Obtain a credit licence3) Find an aggregatorAm I missing anything from this list? Also how long should this entire process take?Is it necessary to become MFAA approved as well as I…[Read more]

Hi everyone I am interested in becoming a mortgage broker myself, I have worked under one as an assistant for 6 months but wish to start my own business as I have a couple of potential clients already and felt it would be better to start up my own business rather than providing their details to my boss who would then make all the commissions…[Read more]