Looking for a Career as a Mortgage Broker?
Contact us about becoming a member today and see how you can gain a business advantage; Check out these fantastic benefits;
- No large franchise fees or territory restrictions!
- One of the most competitive commissions splits available
- No Minimum Sales Volumes!
- Operate Under Your Own Brand!
- Optional Software and Tools
- Ongoing Mentoring and Support
- Hassle Free Compliance Systems!
- Over 40 residential & commercial lenders
- Ongoing Professional Development
- Full training and Certification offered to new entrants
How do I get started? Here's the general process for Joining...
- Simply fill in the enquiry form on the left and one of our recruitment managers will contact you to discuss this amazing opportunity as well as send you a Member Information Pack and Application form.
- Once we have received your completed Member Application we will be intouch with you to discuss. Then once your application has been approved we arrange to meet to start your induction process and signing of your Member Broker agreement.
- Once this is done, we arrange for you to commence your educational qualifications, with a training course to obtain your Diploma of Finance & Mortgage Management.
- Once you have completed this we assist you in arranging your Professional Indemnity insurance, COSL & FBAA membership certificates.
- With industry education, insurances and industry body memberships completed you are ready to attend our Member broker in-house induction and training program at our office in Melbourne.
- Once youve completed that, you're ready to start with your panel lender accreditation sessions!
Frequently Asked Questions
How quickly can I start earning money?
The membership process timeframe varies depending on what pre-requisite requirements you have already met. Once you have completed the steps above, you can start writing loans straight away your first commission is generally paid 1 month after your first loan settlement.
How much does it cost?
Our initial fees are one of the lowest in the industry. Our joining fee for new Members is $550 inc GST; This once-off investment covers everything you need to hit the ground running. Members who are Authorised Credit Representatives (ACRs) pay a monthly compliance fee of $132 AUD inc GST for external compliance audits.
You will need some additional capital to cover the cost of your Diploma course, Professional Indemnity insurance and industry memberships. These costs vary depending upon your background and experience but are approximately $3,000.
Will my application be confidential?
Yes. The information you provide in the member joining process is strictly confidential and is only used for employment purposes.
What type of education or work experience background do I need to join Red Rock Brokers Group?
There is no education or work experience requirements to join, however a background in Banking, Finance, Insurance, Accounting, Financial Planning, Real Estate, Consulting, Law/Conveyancing certainly would assist you in a new career in lending.
Do I have to become a “Red Rock Brokers Group” broker or can I keep my own brand?
Yes – you can keep your own brand. Your business will remain totally independent.
Is membership available to all brokers?
Yes – New entrants to the industry, existing brokers or previous brokers looking to return to the industry are all welcome to join.
How do I become a member?
Brokers interested in becoming a member of our group should complete the form at the top of the page and we will contact you within 24 business hours.
Do I have to maintain my own Professional Indemnity Insurance?
Yes. Included in your membership information pack will be Professional Indemnity Insurance information and the details regarding the minimum coverage required.
Do I have to have my own ASIC Credit Licence?
There are two options in regard to licensing:
- Become an Authorised Credit Representative (ACR) of Red Rock Brokers Group Pty Ltd or
- Hold your own Australian Credit Licence (ACL) - Comprehensive information regarding licensing will be provided in your membership information pack.
*Note – for new entrants to the industry it is mandatory that you operate in the capacity of a Credit Representative for the first 2 years.
