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Weekend wrap: Commissions, weakening home loan demand and a major milestone

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Australian Broker | 12 Dec 2015, 07:30 AM Agree 0
Making news this week was more discussion around commission structures as ASIC shed light on its forthcoming review, declining home loan demand and a major milestone for a leading peer-to-peer lender
  • PF | 12 Dec 2015, 09:39 AM Agree 0
    Seems that brokers are being targeted about sliding scale commissions.

    We know that the vast majority of brokers always put the clients best interest first.

    If the only criticism of brokers is that there is the opportunity that a broker may place a client with a certain lender so that they receive a higher commission, then take this potential criticism off the table.

    Set up brokers to receive the same amount of commissions.

    Then the media can start talking about all the reasons to go to a broker, instead of the one possible reason not to use a broker.

    Look at the long term and make the smart decision.
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