Start a Broking Career

Coming into broking without a lending background is one of the routes in, and the most daunting one. There is a qualification to complete, an authorisation to obtain, a mentor to work under and a first deal to get across the line — and the stretch between signing up and settling that first loan is where nearly all the uncertainty sits. This subsection walks the sequence end to end so you can see what the first year genuinely looks like rather than how it is usually marketed.

In this section

• Start a Mortgage Broking Career: From Application to Your First Settled Loan — every step from first enquiry through to first settlement.

New brokers start on the New Entrant model, an 80/80 split with no franchise commitment — see New Entrant Commission Model. For the qualifications themselves, Mortgage Broker Qualifications in Australia covers the education pathway. Mentoring for new entrants reflects MFAA and FBAA membership standards and the licensee's supervision obligations rather than a statutory rule.

Already licensed and looking to change aggregator? That is a different conversation — see Which Aggregator Fits Your Situation and Why Redrock.

To ask about eligibility, call 1300 667 694.