We’re committed to offering brokers the fairest agreement and fee structure in the industry. Our commission plans are flexible, our fees are reasonable and represent real value for money.
When you become a member of our group, you can choose to join us under two different plans. These plans are flexible and you can switch between plans by giving us 30 days notice.
This plan is for a broking business confident of its volumes. Once you are settling around $1M per month, it usually works out that you are better off on the Maximiser model. The plan works in such a way that you pay $790 +GST per partner group (brokerage) each month. Then you add $130 +GST for each loan writer in your business each month.
Say for example you have 5 staff, 3 administration staff and 2 loan writers. Your Connective membership fee will total $790 + $130 x 2 associate fees (loan writers) = $1,050 +GST each month.
Or, you are a one man band. That means you would pay $790 + 1 x associate fee of $130 = $920 +GST per month.
This plan is best suited for brokers who are not sure what their volume will be going forward. It involves only a very small commitment fee each month ($130 +GST per loan writer), and as your volumes increase your share of the commission grows!
So, to keep it simple, on the Connective Variable plan you start by paying your $130 +GST per month per loan writer (we call these associates). This fee includes all your membership benefits including access to our software and Connective Learning Program. Depending on how much you are settling, the table below represents what percentage of your commission you take home each month.
If you do not hold your own licence, you can become a Credit Representative underneath Connective’s licence. Credit Reps fees for Connective are $190 +GST per month per loan writer, on top of whatever model you are already on.
So, if you are a sole trader who does not hold a licence. You write good volumes and would benefit from a flat fee model, and elect to go on Connective Maximiser. That means you would pay $790 + 1 x associate fee of $130 = $920 + plus your credit rep fee of $190 = $1,110 +GST.