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Specialised degree subjects essential for broker training, says expert

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Australian Broker | 02 May 2016, 07:18 AM Agree 0
Dr. Mark Sinclair of Mentor Education believes that, as limited financial advisers, mortgage brokers should only study relevant subjects as part of a degree.
  • Splendid Financial Services | 02 May 2016, 09:39 AM Agree 0
    I am totally agree for mortgage brokers should have a degree and relevant studying to give customers professional advice.
  • Phil in Finance | 02 May 2016, 10:00 AM Agree 0
    The more appropriate degree is Bachelor of Business (Banking & Finance) to provide specialised mortgage broking subjects. Cannot see why a broker would even want a Financial Planning degree unless they intend doing financial planning as well as broking.
  • SA Broker | 02 May 2016, 10:30 AM Agree 1
    What a crock.
    Yet another training group saying we need more training - with them making more money & staying in business. No doubt that isn't the reason they think we need more training....hmmmmmm......
  • Bill Surely | 02 May 2016, 10:31 AM Agree 0
    We should insist that similar qualifications be placed on our polies. At present you only have to open an office and register to be elected, no other qualification required and they are running the country. Just thought I'd throw that out there for a comparison.
  • Vested Interest Broker | 02 May 2016, 01:52 PM Agree 0
    It was hard enough entering the industry as a sole trader a few years ago. Further 'qualifications' will only make it harder to allow new entrants. What we need is to subsidise Broker Mentors to minimise the costs for new entrants to allow them to earn an income while getting established. Learning on the job with a senior mentor to bounce ideas off is best. I picked up more knowledge from my mentor and bank BDM's & Credit Officers than sitting in a classroom and doing hours of homework. Maybe time with a mentor can be credited to an eventual qualification??
  • Broker | 02 May 2016, 05:43 PM Agree 0
    A diploma is sufficient , more education in a classroom will not make you a better broker, just as brain numbing repetitive PD days don't.
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