How To Become A Mortgage Broker In Australia

By Michael Sterios

Becoming a mortgage broker and helping people with their home loans is one of the most intrinsically rewarding finance careers in Australia. In addition to the buzz of helping people buy their homes, successful brokers also enjoy a high income and the lifestyle it affords.

While the profession isn’t for everyone, mortgage brokers come from many different backgrounds. This is partly because the entry requirements into the profession are not as stringent as other careers, such as medicine or accounting, for which a university degree is required. There are, however, some entry requirements that must be met before an individual can begin a career as a mortgage broker, and there is also a requirement for ongoing professional development that must be maintained in order to remain qualified.

The minimum academic requirement that must be completed by any individual wishing to become a mortgage broker is the Certificate 4 in Financial Services (Finance/Mortgage lending FNS40804). This course is offered by many different institutions and can be conducted either face to face or by distance learning depending on the institution. Although distance learning is an option it is recommended that prospective brokers with no industry experience undergo the training in person. This will allow the student to ask questions of their instructor and receive extra attention on any concepts that are difficult to grasp.

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Once the Certificate is completed the individual will be required to join an industry association. There are two options available; the MFAA (Mortgage and Finance Association of Australia) and the FBAA (Finance Brokers Association of Australia). The MFAA was previously called the MIAA. Brokers are only required to join one association and both require the Certificate 4 to be completed before joining. Additionally, there is Federal legislation currently being introduced that will make it a legal requirement for all mortgage brokers in Australia to complete the Certificate.

In addition to the minimum academic requirements it is recommended that prospective brokers contain several personal qualities that will help them succeed in the industry. A basic grasp of mathematics is required to accurately assess the suitability of the finance products that the broker will advise their clients on. A basic grasp of the English language is also required as legal documents are involved in property transactions.

As mortgage broking is essentially a sales job paying commissions, some sales experience is beneficial, although this can be learned from franchisors or mentors. It is also essential to be self-motivated and well organised, especially if conducting business in a self-employed capacity. It is likely that the mortgage broker will deal with multiple applications from several different clients at any one time so good organisational skills are a must to stay ahead of the game.

Once a broker has completed their initial training and gained some experience they will be required to complete further education. This is known as CPD (Continued Professional Development). Various training institutions offer courses that count towards CPD requirements. Some of these courses can also be used to gain new marketable skills such as the ability to offer clients commercial mortgages and other finance products.

*article also submitted at ezinearticles*

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Online buyers conned by fake Olympics ticket web sites

Thursday, August 7, 2008

Two web sites purporting to sell tickets to the 2008 Summer Olympic Games due to open in Beijing, China on Friday have been the subject of lawsuits from the International Olympic Committee in United States courts in recent weeks. The web sites, beijingticketing.com and beijing-2008tickets.com, were designed to resemble official sites and often appeared above the official sites in Google searches, and scammed some victims out of up to US$50,000 each for tickets to events such as the Opening Ceremony and swimming, which were listed despite the official Beijing ticket web site stating that tickets to all events had sold out as of July 27. The sites are believed to have taken in millions of dollars in total.

Ken Gamble, a private investigator from Sydney, Australia, believes the sites are operated by Terance Shepherd, whom Gamble has been tracking for several years in relation to other fraudulent web sites selling tickets to events such as the FIFA World Cup. According to Gamble, Shepherd’s modus operandi involves setting up the fake web sites, overselling the tickets, and then failing to produce the tickets. “The story’s always the same,” Gamble said, “it’s an ‘unfortunate mistake’ or someone has ‘let them down’. They promise a refund, which never happens, and the credit companies end up paying all the refunds.” Shepherd owns a home in the London suburb of Blackheath, although authorities believe he is currently hiding in Barbados.

On Monday, beijingticketing.com customers received an email from someone named “Alan Scott”, claiming that the site’s ticket supplier had filed for bankruptcy. The email recommended that customers should contact their credit card companies to seek refunds “immediately”, and said that the company would set up a call centre to provide assistance to its customers. However, the site has been shut down and a phone number previously listed on it has been disconnected. The company’s address, in Phoenix, Arizona, was found to be an empty office space. Visa International has stated that victims who used their Visa card to pay should be able to get their money back, but it is not yet clear whether the same will apply to all customers.

Retrieved from “https://en.wikinews.org/w/index.php?title=Online_buyers_conned_by_fake_Olympics_ticket_web_sites&oldid=4630364”

Bermuda hit hard by hurricane Florence

Tuesday, September 12, 2006

Hurricane Florence was positioned at 35.8 N 63.9 W, at 11 p.m. EDT (UTC – 4 hr), with maximum winds blowing at 85 mph and gusts of up to 105 mph. The hurricane is moving in a north-easterly direction at 18 mph and is showing signs of weakening.

The government of Bermuda has discontinued the Tropical Storm warning it issued only after it blew away window panes, glasses and roofs. No deaths have been reported though there are reports of minor injuries. The hurricane has knocked out power supply to thousands of people.

The Bermuda Electric Light Company (BELCO) expects the restoration of supply to be complete in few days.

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Wikinews interviews Joe Schriner, Independent U.S. presidential candidate

Saturday, April 17, 2010

Journalist, counselor, painter, and US 2012 Presidential candidate Joe Schriner of Cleveland, Ohio took some time to discuss his campaign with Wikinews in an interview.

Schriner previously ran for president in 2000, 2004, and 2008, but failed to gain much traction in the races. He announced his candidacy for the 2012 race immediately following the 2008 election. Schriner refers to himself as the “Average Joe” candidate, and advocates a pro-life and pro-environmentalist platform. He has been the subject of numerous newspaper articles, and has published public policy papers exploring solutions to American issues.

Wikinews reporter William Saturn? talks with Schriner and discusses his campaign.

Retrieved from “https://en.wikinews.org/w/index.php?title=Wikinews_interviews_Joe_Schriner,_Independent_U.S._presidential_candidate&oldid=4497624”

Why Every Home Owner Should Consider Consulting A Qualified Hvac Contractor About Installing A Split Ductless System

byAlma Abell

Many home owners struggle with the task of making everyone in their households comfortable. Unfortunately, traditional AC systems can make this very difficult to do. The good news, however, is that there is a solution to the problem of total household comfort. Split-ductless HVAC technology not only has the ability to increase individual comfort levels, but it can result in better health and a smaller monthly budget as well. For those who are still on the fence about whether a split-ductless system is for them, read on to discover three compelling reasons why home owners should go for it.

  • Increased Comfort For Everyone: Having a split -ductless system installed by an HVAC Contractor can result in a higher level of comfort for everyone. Traditional forced air systems subject every person in every room to the same air. In addition, malfunctioning systems or poorly-installed ductwork can result in hot and cold spots. Split-ductless systems are zoned so that each person can customize and control their own comfort, and there is no faulty ductwork present that can interfere with that comfort.
  • A More Energy-Efficient Household: Split-ductless systems are also some of the most energy-efficient on the market today. Instead of expending the energy to heat or cool the entire home at once, split-ductless technology allows home owners to heat and cool only those rooms which are occupied. Also, forced air systems feature extensive ductwork that can leak and cause AC systems to work too hard while split-ductless systems do not. Because the use of split-ductless technology often results in decreased energy consumption, a household may experience lower energy bills as well.
  • A Better Home Environment: One of the most unfortunate things about the ductwork that is installed with forced air systems is that over time it can collect and harbour dust, mould, and other allergens. These allergens will then be spread throughout the home each time the system is turned on. Because split-ductless systems do not include any ductwork, this problem will become virtually non existent for home owners.

Creating a comfortable environment for everyone in the household doesn’t have to be a difficult thing to achieve, especially when a home owner has split-ductless technology installed by an HVAC Contractor. Visit Eastsideheating.com to learn more about split-ductless HVAC technology and how it can bring myriad benefits to any home and everyone who lives there for a long time to come.

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Commonwealth Bank of Australia CEO apologies for financial planning scandal

Thursday, July 3, 2014

Ian Narev, the CEO of the Commonwealth Bank of Australia, this morning “unreservedly” apologised to clients who lost money in a scandal involving the bank’s financial planning services arm.

Last week, a Senate enquiry found financial advisers from the Commonwealth Bank had made high-risk investments of clients’ money without the clients’ permission, resulting in hundreds of millions of dollars lost. The Senate enquiry called for a Royal Commission into the bank, and the Australian Securities and Investments Commission (ASIC).

Mr Narev stated the bank’s performance in providing financial advice was “unacceptable”, and the bank was launching a scheme to compensate clients who lost money due to the planners’ actions.

In a statement Mr Narev said, “Poor advice provided by some of our advisers between 2003 and 2012 caused financial loss and distress and I am truly sorry for that. […] There have been changes in management, structure and culture. We have also invested in new systems, implemented new processes, enhanced adviser supervision and improved training.”

An investigation by Fairfax Media instigated the Senate inquiry into the Commonwealth Bank’s financial planning division and ASIC.

Whistleblower Jeff Morris, who reported the misconduct of the bank to ASIC six years ago, said in an article for The Sydney Morning Herald that neither the bank nor ASIC should be in control of the compensation program.

Retrieved from “https://en.wikinews.org/w/index.php?title=Commonwealth_Bank_of_Australia_CEO_apologies_for_financial_planning_scandal&oldid=3869292”

Baseball’s Pete Rose: “I bet on my team every night”

Wednesday, March 14, 2007

In an interview on ESPN Radio, Pete Rose admitted to hosts Dan Patrick and Keith Olbermann that he “bet on [his] team every night” and admitted that the Dowd Report was correct in its assessment.

Pete Rose was given a lifetime ban from any involvement in Major League Baseball in 1989. Rose accepted the lifetime ban in exchange for not returning a finding of fact that Rose did indeed bet on baseball. He initially indicated to MLB commissioner Bud Selig and in his book My Prison Without Bars that he did bet on Major League Baseball games, but that he never bet against his team or used his betting to influence the outcome of any game. The Dowd report concurs with this statement from Rose.

Rose acknowledged his betting in the hopes that Selig would reinstate Rose and thus make him eligible for a number of accolades of which, to this point, he had been deprived. However, Selig refused to reinstate him despite his confession. Among those accolades include a formal retirement of his uniform number 14 and induction into the National Baseball Hall of Fame. While his number cannot formally be retired, no player since Rose’s retirement has worn the number, and it is unlikely that it will be worn again by any player on the Cincinnati Reds.

Rose appeared on the Dan Patrick Show on ESPN Radio as part of promotion for an exhibit at the Great American Ball Park in Cincinnati detailing the baseball career of Rose. He said that “I bet on my team to win every night because I love my team, I believe in my team. I did everything in my power every night to win that game.”

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Interview: Danny O’Brien of the Electronic Frontier Foundation

Tuesday, January 24, 2006

January’s second Interview of the Month was with Danny O’Brien of the Electronic Frontier Foundation (EFF) on 23 January in IRC.

The EFF is coming off a series of high-profile successes in their campaigns to educate the public, press, and policy makers regarding online rights in a digital world, and defending those rights in the legislature and the courtroom. Their settlement with Sony/BMG, the amazingly confused MGM v Grokster decision by the Supreme Court of the United States, and the disturbing cases surrounding Diebold have earned the advocacy organization considerable attention.

When asked if the EFF would be interested in a live interview in IRC by Wikinews, the answer was a nearly immediate yes, but just a little after Ricardo Lobo. With two such interesting interview candidates agreeing so quickly, it was hard to say no to either so schedules were juggled to have both. By chance, the timing worked out to have the EFF interview the day before the U.S. Senate schedule hearings concerning the Broadcast flag rule of the FCC, a form of digital rights management which the recording and movie industries have been lobbying hard for – and the EFF has been lobbying hard to prevent.

Retrieved from “https://en.wikinews.org/w/index.php?title=Interview:_Danny_O%27Brien_of_the_Electronic_Frontier_Foundation&oldid=4635193”

Employee Skills Inventory For Advancements

Submitted by: Jerry H. Hall

As one of the most important method in leader development and employee retention program, internal database are set up where employees can track their development accomplishments and goals. One of the best systems, an automated multirater feedback tool used by Brown & Williamson is easy to use and understand. This system enables the organization to aggregate the online feedback from all participants and accurately report back with speed.

The automated multirater feedback tool s purpose was to maximize employee performance and reduce hiring costs and turnover, aims to provide a better understanding of an organization s current talent pool. By aiding employees in setting and aligning their personal goals with organizational objectives was a clear benefit. Employees are asked to reach higher levels and set higher goals, and to be successful at doing that, they need to know that the management in there to help them in that process. This tracking system meshed individual s development with corporate goals, it enables the tying together of all the elements in one center for growth and to help employees understand their competencies. The key KSAOs that are needed are detailed for the organization and for each department, manager and employee.

[youtube]http://www.youtube.com/watch?v=Da4K3IRg4nQ[/youtube]

Employees will view all of the critical KSAOs from the top down, a process called Line of sight , to ensure that they re not in conflict. Everyone then understands the big picture, everything is aligned so there is no danger of working at cross purposes. Understanding the big picture also helps employees working as a team by sharing goals and having better comprehension of their role in a particular project. With an automated solution, information is updated and stored in a central location that can be easily accessed across the organization. This enables the organization to gain feedback throughout the year. Employees are also provided with a clear vision of the benefits to them and how their growth can be affected through goal setting and performance reviews. Employees can take ownership of and maximize their potential within the organization.

When employees seek further development, an automated system helps them to create a customized development plan from a vast selection of training materials available through an online database. Employees can create a personalized curriculum, which complements their individual learning styles, from a vast selection on every relevant topic which is considered critical to the organization. The entire solution is cost effective, efficient and very easy to use, which is important when the solution is going to be used across the organization. Aiding employees in setting and aligning their personal goals with organizational objectives has clear benefits.

Employees have a clearer guide on how far they can go within the organization and will strive to achieve the criteria needed. This inevitably reduces turnover rate of employees yearning for job advancement in other organizations.

About the Author: Jerry H.Hall has an interest in Career Change Management related subjects. If you are interesting in finding out more information on Career Changes, please visit this successful Career Change site:

CareerChange.smartreviewguide.com

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Chunichi Dragons win the 2007 Konami Cup

Monday, November 12, 2007

In the final of the Konami Cup 2007, Chunichi Dragons battled SK Wyverns again, many Japanese spectators hoped for Dragons to take revenge on Wyverns and win the championship. This was really a intensive match with starting pitchers George Kenneth Rayborn from SK versus Daisuke Yamai.

Even though Byung-kyu Lee hit a 2 runs HR to expand the difference by the 5-2 leading. But Jin-young Lee also hit a 2 runs HR to tie the score with 5-5 at the bottom of 8th.

The key innings took place at the 9th inning, Hirokazu Ibata (Dragons) hit a key run back to make their team lead with 6-5. Finally, the relief pitcher Hitoki Iwase successfully shut down SK’s offense and tied the score to the end to win the champion.

With the winning hit at this game, and 4 hits with 7 RBIs in the Konami Cup Asia Series 2007, Hirokazu Ibata was finally chosen to be the MVP.

After this game, Chunichi Dragons coach Hiromitsu Ochiai remarked: “Even though we ever lose to SK Wyverns, but participants in this year proved their actual strength more than last year. In this game, after we led with 6-5, Hitoki Iwase told me he want to pitch at the bottom of 9th inning, then I accepted, he promised his wish and finally helped us win the champion. I’ll not forget the contributions by Ibata and Iwase.”

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