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MFAA pushes for balanced, fair & equitable commission structure

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Australian Broker | 21 Mar 2017, 08:25 AM Agree 0
The complicated issue of fine tuning broker commissions was a hot topic at Monday's ASIC summit in Sydney
  • Newbie | 21 Mar 2017, 09:10 AM Agree 0
    Whilst reviewing broker remuneration, it's time to consider a minimum wage for brokers. The current situation where a franchisee can engage a broker on commission only is unfair, particularly to those in their first year or so. Principals have control over leads fed to their brokers through the organisation, this seems very unfair, particularly where the broker may receive as little as 25% of the upfront only.
  • Hopeful | 21 Mar 2017, 09:35 AM Agree 0
    How about pushing for a commission increase based on the extra work that has now been incurred because of NCCP and the accompanying compliance requirements that now go with it. Nobody seems to be addressing that.
  • Broker | 21 Mar 2017, 08:17 PM Agree 0
    Geez, I am glad I spend my day doing more productive chores than these guys an gals!

    How is the commission system all of a sudden so broken?
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