Forum Replies Created
- Francesca Chakich 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 soloMake 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!
Francesca,This is the reason I am investigating. I have a property portfolio as does my father and I am often the one dealing with the MB however of late the brokers we deal with are nothing short of pathetic. This got me to thinking. If they do get good trailing commission and upfront commissions why are they so rude and not interested in your business??
I've worked for a couple of very large corporations where the client come first always. This doesn't seem the case. I thought that if I had the ability to speak to clients and understand what they wanted but more importantly build a relationship with them to have repeat customers it would be a beneficial career move for myself along with being able to provide a valuable service to others requiring a MB.
In the end i'm trying to reiterate my interest in becoming a mortgage broker comes from the lack of comfort I have in previous broker, i do however think more training should be required because a online test for certificate 4 just doesn't seem adequate especially with some of the complex strategies people are running these days.
just my two cents.
chris
