The public is increasingly aware of what mortgage brokers make per deal. And now, courtesy of pending regulatory change, they’re about to become even more aware.
Should that concern you as a broker?
If you like making full commissions, you bet.
Everyone from the CBC and Globe and Mail to trade magazines and consumer forums have published how FICOM (B.C.’s broker regulator) wants to force brokers to reveal their compensation (more on that). In time, other provinces may follow.
ROBERT MCLISTER – Canadian Mortgage Trends – February 20, 2016.
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