Hi everyone,

Having been a MB in Victoria, and having moved on from that industry, I would like to add a few comments.

1.   In addition to all the certification/accreditation courses and compulsory industry memberships mentioned above a MB is required to attain  certification with every lending institution whose products they sell.

2.  There are probably over 100 individual "lenders" out there  each with multiple products that change as frequently as we change underwear.  That is a LOT of information to keep up with..  Most aggregators deal with 30+ lenders.

3.  During MB training we were told that we should get to know 6 to 10 lenders thoroughly and that would be sufficient for 99% of our customers.  Thus most MB will only advise their customers from the limited range of products that they are familiar with rather than the full spectrum.

4.  If you are looking for a reliable broker I can recommend one in Victoria.  Otherwise, if you wish to find the best, then ask for the one that EARNS the biggest commissions.  Because they will have had more experience and done more deals than many other brokers put together.

I hope that helps,
Cheers
Robert