Australian Broker forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Don't fail your duty of care: Trainer

Notify me of new replies via email
Australian Broker | 16 Jan 2014, 06:00 AM Agree 0
Despite increasing regulations and the introduction of NCCP, some brokers are failing in adequately advising their clients of potential risks, says one broker trainer.
  • Don Goh | 16 Jan 2014, 03:00 PM Agree 0
    One of the requirement by lender in the loan contract requires the borrowers to keep the property insured. A mortgage broker can't be made responsible for everything that could go wrong to the client. The home owner should be responsible for his own action and the lender must insists that the borrower complies with the lending criteria.
  • TomTom | 20 Jan 2014, 04:12 PM Agree 0
    I agree with Don Goh, this is nonsense. WE have lost our heads up our own you know what's when we're not holding clients responsible for reading their own loan agreements.
  • Food for Thought | 21 Jan 2014, 09:43 AM Agree 0
    Anyone else agree with the statement that we are pretty well paid for what we do?
    Especially today.....
Post a reply