![](https://agents.oxbridge.com.au/wp-content/uploads/2023/09/kando.jpg)
[FBAA] Kando Protection and Response Program (VIC)
- September 6, 2023
![[FBAA] Kando Protection and Response Program (VIC)](https://agents.oxbridge.com.au/wp-content/uploads/2023/09/kando-300x157.jpg)
Dear Oxbridge Partners and Affiliates,
Join us for Kando’s Protection and Response Program! You are invited to a unique and empowering event featuring Jade Lee, the FBAA State Manager for VIC | TAS | SA | WA.
This session is a rare opportunity to enhance your personal safety skills and situational awareness.
This session is designed to:
- Increase Personal Awareness: Learn how to identify potential threats and recognise triggers that may escalate situations.
- Minimize Risks: Understand strategies to improve your safety and position yourself for a safe escape.
- Hands-On Training: Experience practical demonstrations of basic self-defense techniques to protect yourself effectively.
This event provides a unique opportunity to network, share experiences, and explore the
latest trends and opportunities in the industry.
Date: Wednesday 17th July, 2024
Venue: Kando Martial Arts, Rowville Shop 5, Stud Park Shopping Centre, Rowville VIC 3178
Time: 10:30am – 12:30pm.
What to Bring:
– Activewear
– Socks (or be comfortable going barefoot)
– Bottle of water
– Ball of energy!
This is a free event, thanks to our generous sponsors Beyond Bank and Tax Depreciation Australia!
4 CPD Hours (*subject to attendance)
RSVP: Register at: https://fbaaevents.eventsair.com/fbaa-broker-elevate-2024—brisbane/fbaa-elevate-brisbane/Site/Register
ABOUT THE MORTGAGE BROKERING BUSINESS
Mortgage Brokering is a phenomenal industry that offers truly passive income and the ability to build your book. The average income of mortgage brokers at Oxbridge is an impressive $188,046 (https://www.brokernews.com.au/news/breaking-news/how-much-do-australian-mortgage-brokers-earn-280893.aspx) whilst top brokers can earn over $2m a year often in passive income (https://au.finance.yahoo.com/news/cba-apos-top-200-mortgage-191804595.html). The best thing about finance brokering is the TRUE PASSIVE INCOME. Oxbridge Training (www.oxbridge.training) offers individuals to obtain their certificate and diploma in mortgage brokering in a short amount of time. Very few professionals are qualified in both real estate and mortgage brokering. The key to a successful mortgage broking business are the leads. With over 4,500+ online listings and another 1,000 off market listings the Oxbridge Real Estate business side provides an excellent source of lead generation
Although the details around when and how brokers receive commission varies from lender to lender, generally speaking: Upfront commission: 0.65% (+GST) to 0.85% (+GST)
The upfront commission is the largest component of the commission. The broker receives this once your loan settles. Trail commission is what the broker receives every month for the life of the loan. Usually, this trail is set at 0.15%-0.40% per annum based on the remaining loan amount each year. To be clear, mortgage brokers don’t work for the banks, although there are some mortgage brokerages that are partly-owned by banks and larger lenders. Oxbridge is always 100% independent (e.g. Aussie is owned by Lendi which is owned by numerous shareholders including CBA, 1835i (ANZ’s external venture capital partner) and Macquarie Bank, RAMS is owned by Westpac, REA owns Mortgage Choice etc)
Working on a typical loan size of $850,000 and writing 20 loans in the first year. The commission received by the broker would be
$750,000 (20 x 0.70% + 20* 0.45%) = $119,000 (upfront) + $76,500 (Trail) = $195,500
Top brokers in Australia (See https://www.mpamag.com/au/best-in-mortgage/top-100-brokers-2022/429801) receive well in excess each year of $3M upfront commission and at least 3x that in terms of trail commissions for the life of the loan. Several Oxbridge brokers are doing exceptionally well earning 6 figure income. Some Oxbridge members are dual qualified in mortgage brokering and real estate which is a huge competitive advantage in the market place. Trail commission is really true passive income
The Oxbridge Finance Team