Qualities of a good broker :)

Discussion in 'Finance & Banking' started by Jacque, 31st Aug, 2005.

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  1. Jacque

    Jacque Well-Known Member Premium Member

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    Thought we might start up a list of what people look for when searching for a good finance broker. For me the most important attributes are honesty and follow up communication. I got mightily sick of dealing with people who neglected (on a fairly predictable and ongoing basis) to return my calls or keep me informed during the entire process of lending.
    Hence my switch to a more reputable broker :)
    So what do others think?
     
  2. Tom&Don

    Tom&Don Active Member

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    Location:
    Melbourne
    Mine are:

    1. Bright, bubbly friendly personality

    2. Nothing is too much trouble attitude

    3. Understands my financing needs and is able to follow through on them

    Fill these 3 criteria and they have my business (and they do !! Thanks Medine !!)

    This pretty much applies to most of my team.

    Tom.
     
  3. See Change

    See Change Well-Known Member

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    He has to drive a crappy car, one that doubles in value when you fill the petrol tank....:)

    See Change
     
  4. Alan__

    Alan__ Well-Known Member

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    .......and isn't THAT easier to do these days!




    :)
     
  5. Nigel Ward

    Nigel Ward Well-Known Member

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    I think it goes without saying these days that the broker has access to a wide range of lenders and a variety of loan products and is impartial in their advice.

    What I look for is:

    1) a willingness to spend the time to understanding my investment strategy and where the finance fits into that strategy
    2) a sophisticated understanding of investment structures and investing generally
    3) responsiveness - I'm doing business at all hours, I expect the broker to cope with that
    4) a hard worker who's willing to negotiate hard on valuations and do what's necessary to meet the deadline
    5) the patience of a saint to cope with the bloody banks (and by the sound of the above to put up with me too)!

    My 2.2 cents worth.
     
  6. Colin Rice

    Colin Rice Well-Known Member

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    One who posts on forums, LOL.