What is a broker agreement?
The broker agreement that you sign with QuickSelect is designed to provide you with all the relevant information about your rights and obligations concerning your home loan. Broker agreements are a legal requirement under the National Consumer Credit Protection Act (NCCP).
What does a broker agreement encompass?
Our broker agreement details include:
The accredited mortgage broker with whom you will work and their accreditation number
A summary of your loan - its purpose, the total loan amount, any existing loan , the loan term, anticipated interest rate and interest type
Our lender panel, so that you are aware of the lenders with whom we deal
The commissions that we receive
The services we provide.
Each broker agreement is tailored for every applicant and will be provided to you by your appointed mortgage broker.
Select QuickSelect Broker Agreement to view a proforma broker agreement.