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Price war threatens commission levels

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Australian Broker | 01 Nov 2011, 07:00 AM Agree 0
An ongoing lender price war is putting pressure on bank margins, with the risk banks could see broker commissions as a cost that could be further cut, according to Advantedge's Steve Weston
  • Nick | 01 Nov 2011, 10:40 AM Agree 0
    Aggregators where slow to progress past 5 years. They still dont really assist their brokers grow sales. No sales and more and more mrokers leave and aggregators will become dinosaurs within 5 years.
  • oldBroker | 01 Nov 2011, 11:06 AM Agree 0
    The lenders will do what they want until brokers get their percentage of total loans from 40% to something like 75%. Advantedge should be concentrating on raising that precentage.
  • Broker | 01 Nov 2011, 11:29 AM Agree 0
    Hopefully, Swanny will come out and say that Brokers are doing it tough and that there is no justification whatsoever for banks to cut broker commissions. That will keep them in line!
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