WA 'good place for brokers'
By
Kevin Eddy
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29/07/2010 5:55:00 AM
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The newly-appointed FBAA WA state president said brokers in the state are well-placed to develop their businesses over the next few years.
Eravanan Rao, whose appointment as FBAA state president was announced yesterday, thinks that WA brokers' experience with a state licensing regime could stand them well in the face of the new national credit licensing regime.
"To some extent, the experience that WA brokers have had with licensing means that they're in a better situation than brokers in other states," said Eravanan. "Even so, I believe having a national licensing regimes will be good for all brokers, as well as providing better consumer protection."
He also believes that the economic situation in WA means there are opportunities for brokers, both existing and new.
"There's a huge market here in WA, and a great opportunity to build up a business – especially for brokers who can provide a top-level, individual service," he continued. "As FBAA WA state president, i hope to be able to give something back and support brokers in complying with the new rules and developing their businesses."
The FBAA's national president, Peter White, said that the body is fortunate to secure Eravanan’s services.
"Aside from his professional capabilities, Eravanan is passionate about the industry and he believes fervently in the values of the Association and what it stands for," said White.
Eravanan began his career in the mortgage industry in 2001 with Choice Home Loans, but soon established his own brokerage and is now the Principal of Rao Future Finance. He also holds an A-Class licence in Western Australia.
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