All Topics / Finance / Do all brokers do this or does mine think i’m an idiot?

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  • Profile photo of jmsracheljmsrachel
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    @jmsrachel
    Join Date: 2012
    Post Count: 711

    I've used the same loan broker for my past 2 purchases, last purchase being mid last year.

    Towards the end of last year i receive a call from some wealth acceleration group because my loan broker "won" tickets meaning his clients get to go to this seminar for free. I was annoyed he passed my details to a third party and these people don't take no for an answer. If i want to purchase over priced property and get ripped off i don't' need help to do that.  He then calls me to make sure i'm going (I'm guessing he is making something out of this as he was really persistent). I said no and hung up the phone.

    Today, I receive a parcel in the mail. I have a $1200 voucher to get a family photo on canvas all thanks from my broker. I thought yeah right what's the catch. Fine print says that the photo is free but when you pick up the photo the following week both husband and wife must attend. This is even in bold letters.  

    I'm no bright spark but you don't need a degree to work out what will happen next. Hard sell of some product i don't want.

    Does my broker think i'm an idiot or is this standard behavior with brokers these days? 

    I hope Jamie or RIchard don't do this, it's a good way to pi$$ people off!

    Profile photo of Jamie MooreJamie Moore
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    @jamie-m
    Join Date: 2010
    Post Count: 5,069
    jmsrachel wrote:

    I hope Jamie or RIchard don't do this, it's a good way to pi$$ people off!

    lol – I've never heard of it. It would annoy me too.

    I send my clients a bottle of nice champagne to celebrate their purchase. The local Dan Murphy's love me.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
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    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of jmsracheljmsrachel
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    @jmsrachel
    Join Date: 2012
    Post Count: 711

    Jamie, a bottle of champagne is nice, even coming round on the weekend to wash my car. But giving my details to 3rd parties especially seminar groups drives me up the wall.

    Profile photo of Jamie MooreJamie Moore
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    @jamie-m
    Join Date: 2010
    Post Count: 5,069

    Totally agree. It's something that shouldn't happen without your consent.

    The seminar sounds quite cheesy as well.

    I wonder what will appear tomorrow, a free assessment of your insurances maybe?

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
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    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of Made_ManMade_Man
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    @made_man
    Join Date: 2013
    Post Count: 35

    My last broker opened a bank account in my Name that was in negative $ for 3 months of fees. I was shocked when I got a statement from the bank

    Profile photo of Rick staRick sta
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    @rick-sta
    Join Date: 2011
    Post Count: 120
    steve.t wrote:
    My last broker opened a bank account in my Name that was in negative $ for 3 months of fees. I was shocked when I got a statement from the bank

    I cracked up when I read this.

    My broker usually pops around with a bottle of rum, I think he's hoping I'll grab a couple of glasses and some ice.

    Profile photo of TerrywTerryw
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    @terryw
    Join Date: 2001
    Post Count: 16,213

    Yes, the broker is probably aiming for a 4% commission on any house you purchaser upon picking up your photos.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of Richard TaylorRichard Taylor
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    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Sorry for the late response.

    No have to agree with Jamie i have never heard of anything like it in my life.

    Maybe your Broker is looking to diversify his income lever because broking isn't going to will.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Antonio SantoloAntonio Santolo
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    @antonio-santolo
    Join Date: 2013
    Post Count: 24

    They are trying to get you together to spruik you a property, run a mile and let him know he sucks

    Why not shame him, it will help others from getting treated like that.

    Always get independent advice not associated with the transaction, trust me, best advice you will ever get.

    Cheers

    Profile photo of TerrywTerryw
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    @terryw
    Join Date: 2001
    Post Count: 16,213
    Antonio Santolo wrote:
    T
    Why not shame him, it will help others from getting treated like that.

    I’d get some legal advice before doing this

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of jmsracheljmsrachel
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    @jmsrachel
    Join Date: 2012
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    Dont worry i dont intend to shame anyone. Getting sued is the last thing I want!

    Profile photo of Nigel KibelNigel Kibel
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    @nigel-kibel
    Join Date: 2005
    Post Count: 1,425

    This is often something you see from Accountants and certainly financial planners. The problem with accountants they are often not property specialists and can put you into crap just because they are receiving a fee

    Nigel Kibel | Property Know How
    http://propertyknowhow.com.au
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    We have just launched a new website join our membership today

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