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Let's say you get a new client, discuss your options, introduce different lenders, go through the paperwork to setup a large loan, do lots of hard work To find the next broker simply does a small top up and gets all the trailing commissions for the full amount?? I'd feel royally jibbed

That sounds not very fair So if I get a 1m loan, my broker does all the hard work Three months later I do a top up of 1.01m Then broker B gets all the commissions for the 1.01????

well, a top up is a benefit to you because you get the ongoing comissions plus an upfront fee, and I use the same broker , are you saying that if you buy Property A For $200k loan for $200k with broker A, then do a top up to $300k via Broker B then the trail comissions for Broker A...

thats interesting, if your customer base is all O/O with only one property yes I would assume they would pay it off asap, as im an investor, I wont pay any of my loans back unless I sell, so I guess as an investor, it pays to look after me :) as for average loan life being 2-3 years, that...

isnt it residual for the life of the loan??? ie for a $200k loan, its like $1000 upfront and $500 per year for the life of the loan? If they are good at their job and its not a sautrated, im not too sure why theyd walk away after two years, its like any small business, a lot of fail...

thats $50k residual income, thats fantastic, most people are aiming for $100k passive income, these guys have already acheived it half way plus on top of that they get the upfront comissions as well I have been thinking of becoming a broker as well, I know its long hours, but I feel...