[FBAA] 2024 Industry Commercial Masterclass – Adelaide
- September 6, 2023
![[FBAA] 2024 Industry Commercial Masterclass - Adelaide](https://agents.oxbridge.com.au/wp-content/uploads/2023/09/fbaaadelaide3-300x120.jpg)
Dear Oxbridge Partners and Affiliates,
Take advantage of this Industry-first initiative of face-to-face learning with our innovative Commercial and Asset
education pathway
Gain invaluable insights into Commercial, Asset Finance, and Diversified lending. This course is part of a series demonstrating our commitment to raising standards and supporting your success with a tailored education pathway for Commercial and Asset Brokers.
Who should attend?
Designed for brokers seeking to present as true financial professionals, this industry-leading training helps brokers diversify into the Commercial sector by providing the necessary tools and confidence to be successful.
Why attend?
At this event, you will complete the first workshop in our ongoing series, ‘Commercial Lending Skills’ presented by Accendo Financial.
- Learn and understand financial statements like an expert so you can confidently engage with your SME clients
- Determine the appropriate loan and likely success – quickly!
- Add value to each client interaction
- It is your 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 in diversifying into the Commercial sector, and we are dedicated to providing the tools and confidence needed for this transition.
Together, let’s adapt to the changing landscape and thrive.
WHEN: Wednesday 24th July, 10:00am – 2:00pm
WHERE: Stamford Grand 2 Jetty Road, Glenelg SA
PRICE: FBAA Members: $150+GST | Non-Members: $250+GST
~ Morning tea and lunch provided ~
RSVP: Register at: https://fbaaevents.eventsair.com/2024-industry-commercial-masterclass—adelaide/2024-cmc-adelaide/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
