Mortgage Broker Referral Fee Calculator
Work out a fair referral fee on any mortgage broker deal in seconds. Pre-set for Australian residential broker commissions.
This is general information, not legal or financial advice.
Referral fees are regulated in most professions. What you are allowed to pay, receive, or must disclose depends on your licence, your professional conduct rules, the type of work and the state you practise in - and in some categories referral fees are prohibited outright. The figures here are an illustration generated from the numbers you enter, not a benchmark and not a recommendation. Check your own obligations, and get your own advice, before you agree to any referral fee.
Loan amount -> commission rate -> your commission -> referral rate -> referral fee paid to the mortgage broker who sent the deal.
The funded residential or commercial loan amount.
Australian residential broker upfront is 0.5% to 0.7% of loan amount. Add trail (0.15% to 0.275% per year) for lifetime totals.
20% to 30% of upfront is standard for warm broker referrals. Some agreements share trail at the same percentage.
Estimates only, based on the figures you enter. General information, not legal, financial or tax advice. Referral fees are regulated in some professions - check the rules that apply to yours.
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We will send your result and how to put this referral in place inside Socii - the built-in agreement template and the tracking that makes sure you actually get paid.
People also ask
Is it legal for a mortgage broker to pay a referral fee in Australia?
Generally yes, but the exemption is narrower than people assume and it is conditional. Under the National Consumer Credit Protection framework a referrer must not provide credit assistance - so no recommending a particular lender or product, no advising on loan structure, and no helping with the application. The relief for referrers is in the NCCP Regulations rather than in the Act itself, and it carries its own conditions, including disclosure of the benefit you receive. Conflicted remuneration rules may also apply to what a broker can be paid. Ask your own adviser whether the referrer exemption covers your specific arrangement before you agree a fee.
How much does a mortgage broker earn on commission?
Australian residential broker commissions are typically 0.5% to 0.7% upfront plus 0.15% to 0.275% per year trail commission, paid by the lender (not the borrower). On a $600,000 loan with 0.6% upfront the broker earns $3,600 in year one plus around $1,200 per year in trail. Lifetime broker income on a typical 5-year held loan is around $9,000.
Can a real estate agent get a referral fee from a mortgage broker?
Yes, with disclosure. The agent must disclose the referral fee to the buyer in writing before the introduction is made. Some states (NSW, VIC) require specific disclosure language. The broker must not pay the agent for providing credit assistance - only for the introduction. Agents who recommend specific lenders or loan products are providing credit assistance and risk breaching the NCCP.
What is a mortgage broker referral agreement?
A written agreement between a referrer (real estate agent, accountant, financial planner, or other professional) and a mortgage broker specifying: the referral fee percentage and trail share, what counts as a qualifying referral, the disclosure obligation to the borrower, payment timing, and the duration of the arrangement. Most brokers have a template ready - if they do not, that is a sign to find a different broker.
Do you pay GST on a mortgage broker referral fee?
Yes, if the receiving party is GST-registered. The fee carries 10% GST in addition to the headline amount. The broker claims it back as input tax credit. Most professional referrers (agents, accountants, financial planners) operate through GST-registered entities so the GST treatment is automatic.
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Anyone can run the numbers. The deals get done inside.
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Built by Socii Book Pty Ltd (ACN 695 597 141), a private deals club for dealmakers. The numbers above are the same math we run inside the club.