Education Career Articles

Connect Facebook Connect Twitter Connect Google+ Connect Pinterest Connect Stumbleupon

How to Become a Broker Relations Representative

Career News February 24, 2014

Do you enjoy talking to people, making deals and helping others to aim higher? This is the job for you! The broker relations representative role is similar to a relations director role. He or she maintains a relationship with brokers and provides commissions to those workers who can make money for the lending institution. It is the job of this representative to ensure payments are made accurately and on a timely basis. With managerial duties comes administrative troubleshooting. It is this professional’s job to deal with all issues raised by brokers as well as their clients.

Responsibilities of Broker Relations Representatives

Responsibilities of this position could include line management for brokers and analysts, and that includes the production of the reviewing process. If you land this position, you will be expected to handle commission sharing agreements, payments, and reconciliation to the company’s accounts. It’s not merely supervising employee payments, but also managing all regulatory responses from clients. Coordinating and implementing new approvals are part of your job, as is coordinating research provider negotiations. The broker review system is under your jurisdiction, as is the responsibility of preparing broker review meetings.

Required Education and Experience

A bachelor’s degree is preferred for this type of job, since it is a step above simple customer service. Most applicants come from a background in finance or customer service or management, and have two to four years of experience in the field. This experience will help you to learn the practices and procedures that make the job easy, and keep the company afloat. Companies depend upon your knowledge of these basics so that you can help accomplish very specific goals. You need a great deal of creativity and latitude to succeed in this career, since you will be sharing your expertise with others. You report to the branch manager with all of your findings.

Depending on what field you choose, you may work with general banking or stock transactions. Much of the job involves overseeing securities that are bought and sold as investments for clients. A thorough knowledge of banking is required for this, and if you get involved with securities and stocks, you will be required to register with FINRA, as well as pass a qualifying examination. This process ensures that you will be officially licensed in your state. FINRA states this information on their website and also provides registration information.

A Sales Task

Working on your sales skills is a smart idea, as brokers (the ones you oversee) work in a sales-oriented position. You are interested in developing their skills, while also concentrating on building your company’s portfolio and developing investment goals that suit clients. Making people feel secure is one of the more important issues on the job. If this career appeals to you and you desire more to do and more responsibility, now is the time to reach out. You can accomplish great things if only you chart a course and take decisive steps towards reaching each succeeding step. A college education at any of the schools listed below will help build a stronger resume.

Searching Searching ...

Matching School Ads
4 Program(s) Found
  • Designated as a 2015 Military Friendly® School by Victory Media, publishers of G.I. Jobs®.
  • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
  • Offers several flexible learning options, including a blended format that combines campus and online learning.
  • Several scholarship opportunities are available for students who qualify.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Become the leader you know you can be @ Ashford University
  • Apply Now! Classes Start Every Tuesday!
  • Online Courses
1 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
2 Program(s) Found
South University , Virginia Beach
  • Program options include Accounting, Business Administration, Leadership, and more.
  • Curriculum focuses on developing leadership, critical thinking, problem-solving, and communication skills.
  • Programmatic accreditation by the Accreditation Council for Business Schools and Programs (ACBSP) at select campuses.
  • Business programs are available at many of the 11 campus locations across the United States.
Good for Working Adults
  • Flexible Scheduling
  • Financial Aid
2 Program(s) Found
ECPI University , Virginia Beach
  • Named a Best for Vets school by the Military Times in 2014.
  • Has specialized in student-centered technology, business, criminal justice, health science, and culinary education for over 45 years.
  • Makes it possible for students to earn a bachelor’s degree in 2.5 years or an associate’s in 1.5 years by providing a year-round schedule.
  • Offers externships and clinical experience that help students prepare for life after they graduate.
  • Has 10 campuses across the mid-Atlantic, plus online degree programs.
Good for Working Adults
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
1 Program(s) Found
  • Full Sail’s curriculum combines elements of creativity, art, business and life skills, technical prowess, and academic achievement.
  • Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average.
  • Students work with industry-standard tools and technologies, allowing them to gain practical knowledge and real-world experience.
  • Join us on Facebook, Twitter, YouTube and Instagram to interact with our community, read about grad success, and see campus images.
  • Online Courses
  • Education Connection is a 100% Free College Matching Service used by 50,000 People Daily.
  • Get Matched to the Right Early Childhood Education, ESL/TESOL, Special Education, Education Leadership and Administration, and Curriculum and Instruction Degree Program for YOU.
  • Affordable and Flexible Education and Teaching Degree Programs from Top Colleges Across the Nation. Both Online And Campus!
  • Just Fill Out a Few Questions and You Can Find Your Perfect Education and Teaching Degree Program Within Minutes.
  • Start Using our Fast, Free, and Easy Matching Service Right HERE and Right NOW!
  • Online Courses

Searching Searching ...

Matching School Ads
4 Program(s) Found
  • Designated as a 2015 Military Friendly® School by Victory Media, publishers of G.I. Jobs®.
  • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
  • Offers several flexible learning options, including a blended format that combines campus and online learning.
  • Several scholarship opportunities are available for students who qualify.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Become the leader you know you can be @ Ashford University
  • Apply Now! Classes Start Every Tuesday!
  • Online Courses
1 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
1 Program(s) Found
  • Campus-based and online business programs include Entertainment Business (BS), Internet Marketing (BS), and Business Intelligence (MS)
  • Students will explore business concepts like marketing, global media management, and business technology and design
  • Courses designed to prepare students for a career in business and Career Development advisors available to all alumni
  • Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average
  • Online Courses
  • Education Connection is a 100% Free College Matching Service used by 50,000 People Daily.
  • Get Matched to the Right Early Childhood Education, ESL/TESOL, Special Education, Education Leadership and Administration, and Curriculum and Instruction Degree Program for YOU.
  • Affordable and Flexible Education and Teaching Degree Programs from Top Colleges Across the Nation. Both Online And Campus!
  • Just Fill Out a Few Questions and You Can Find Your Perfect Education and Teaching Degree Program Within Minutes.
  • Start Using our Fast, Free, and Easy Matching Service Right HERE and Right NOW!
  • Online Courses

Login to your account

Can't remember your Password ?

Register for this site!