FICOM’s new commission disclosure proposal appears to be moving full steam ahead. And it leaves certain consequences to the imagination.
RBC Capital markets put out a report on this recently, and touched on some of those key questions.
The report asks the following:
“Will mortgage brokers lose market share to banks, given they will need to disclose how much they get compensated whereas bank personnel do not?”
Canadian Mortgage Trends – April 10, 2016.
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