[FBAA] FBAA Broker Elevate Series – AI Tools
- September 6, 2024
Dear Oxbridge Partners and Affiliates,
The FBAA has invited Oxbridge members to join them for the the second series for Brisbane 2024 and discover game-changing insights and hands-on tools for AI-driven marketing success!
This course is part of a series demonstrating our commitment to assisting you grow your business with hands-on tools and real time learning.
WHERE: Water’s Edge Wedding & Events, Hamilton QLD
DATE: Thursday 3rd October
TIME: 10m – 2pm (registration at 10am)
COST: FREE for members / $55 for non-members
CATERING: Arrival Tea and Coffee, Morning Tea, Lunch
* PLEASE BRING: personal laptop that is fully charged as you will need this for the sessions!
Who should attend:
Designed for brokers seeking to grow their business, this industry-leading training helps brokers by providing the necessary hands-on
training to be successful with Leveraging AI to gain better efficiencies across your business, especially in the areas of marketing.
Why attend:
At this event, you will complete the two workshops in our ongoing series:
1. ‘AI and Your Business’ with Renee Tocco
- Unlock the transformative potential of AI
• Our interactive session will cover one of our business fundamental modules found in the FBAA Diploma – Incorporating AI In Your Business.
• Incorporating AI In Your Business, this course is designed to help you understand AI, assess your needs,
choose the right solutions, prepare your team, and ensure privacy and security.
and
- ‘Create your own AI Marketing Assistant’ with Jane Slack-Smith
- Unlock the Power of AIfor Your Business
Discover the transformative potential of AI in your marketing strategies and learn how it can streamline your content creation process.
• Create Your Custom GPTMarketing Assistant
Develop a personalised AI tool that understands your ideal client, tone, and brand, assisting you 24/7 with content generation.
• Walk Away with Ready-to-Use Content
Leave the workshop with a month’s worth of social media posts and the skills to replicate this process every month,
ensuring consistent and effective marketing efforts:
BONUSES:
- Learn how to bring your staff on the journey
- Gain the opportunity to network, exchange ideas,
and be inspired by esteemed speakers. - Access exclusive benefits and discounts from our
exhibitors on the day. - Receive your certificate on the day!
We understand the challenges brokers face day to day in changing marketplace, and we are dedicated to providing the tools needed to be successful in business.
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
