sam2009856 wrote:

Hi Everyone

I noticed that all the brokers that posted comments made mention that it is a very hard industry and hard to make money.

I have gotten rid of 4 brokers in the past 18 months, from scheming, lying and acting in their own bests interests.

I take out a loan on average once every six months.. I am a long term repeat customer.

Do you not believe that if you act in your clients best interest over time, you will be flooded?

Just to confirmt that in W.A. you must have a mentor, either an individual with a B class licence or join an aggregator.

1. Do you Cert IV
2. Find an aggregator to mentor you, you must do this for 2 years
3. Apply for your own licence and work solo

Make sure you interview the aggregators… each will take a different percentage of your commission and make sure they provide you with a plan of how they will train you and what they have to offer. Some may even offer you a certain amount of leads.

For eg. there is one in Perth and you have to sit at their office every Wednesday all day to be trained. This is invaluable. many will not even set you up a proper program.

Remember your business will also come from building a relationship with other businesses who will refer your services to other clients. ie. real estate agents, financial planners….. you get the gist.

GOOD LUCK!

I agree totally! I am current a Nurse and working full time but my passion lies in property investment. We have a brilliant broker (Martin – Mortgage500) who we have been using for 3 years since our first property investment. I can fb message him, call him or email him with the smallest question and he gets straight back to me. He is my mentor and someone who I can ask any property question. Since investment is my passion I would love a job that in some way is to do with investment. Right now I am considering Brokering and that’s how I found this forum. I think that your quote above is right. Martin is everything you could ask for in a broker, hence he is so busy! Im not 100% sure if I will go down this track but I would like to with Martins support.
Thanks for all the useful comments, Ive really enjoyed reading this forum.