This Commissions Guide article relates to Aussie Bonds Deposit Bonds.
Connective will maintain this guide to the best of its ability but cannot guarantee that the information within is complete, and/or in line with the latest guidance and policies of the lender. If you believe anything is missing or inaccurate, please contact us.
Contents:
Upfront
For all ‘unconditional Deposit Bonds, which includes ‘pre-approval subject to valuations and minor housekeeping needs’ the remuneration is $100 + 27.5% of the Deposit Bond fee and for all other Deposit Bonds, $100 + 24% of the Deposit Bond fee.
Notes and Definitions
Formal accreditation with Aussie Bonds is not required as the agreement we have is a referral agreement and not one of an authorised representative of Aussie Bonds.
Under the agreement we have with Aussie Bonds brokers must not:
Make any commitment that an applicant will automatically qualify for a Deposit Bond.
Publish statements or documents about Aussie Deposit Bonds which have not been supplied or approved in writing by Aussie Bonds.
Discuss the terms and conditions on which Aussie Bonds will provide Deposit Bonds to a prospective client.
Arrange Deposit Bond Contracts or hold out to a prospective client that you are authorised to arrange Deposit Bond Contracts on behalf of Aussie Bonds.