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You don’t need to have worked in banking, finance or real estate to become a broker. As long as you have an interest in helping people and are committed to learning the ropes, you can build a successful broking career.
Our industry is made up of people from many different professional backgrounds. As a customer-centred industry, this diversity strengthens our foundation.
As you consider becoming a broker, you may be wondering whether you have the skills to succeed in our industry. While we have listed some of the key skills and attributes of a broker, we know that bringing new traits to your broking career can help set you apart.
Key skills and attributes of a broker
- Self-driven, quick or eager learner
- Good work ethic
- People skills, communication skills and a passion to help others
- Appreciation that customer service matters
- Attention to detail
- Commitment to staying up to date with industry and product knowledge
- Multi-tasking, to manage multiple clients and lenders
- Financial literacy and a good grasp on numbers is beneficial
- Common sense, good judgement
Key broker tasks
- Prepare loan applications
- Identify client needs for broking services
- Comply with financial services legislation and industry codes of practice
- Apply principles of professional practice to work
- Develop and maintain in-depth knowledge of loan products and services
Essential eligibility requirements for a broker
- Clear criminal record (minor exceptions)
- Clear credit history (minor exceptions)
- Clear standing with the banks