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Mortgage Broker News | 03 Mar 2016, 08:15 AM Agree 0
More consolidation is coming, according to one network head who has already received offers of his own
  • Jack Black | 03 Mar 2016, 09:08 AM Agree 0
    Why in the world would the head of a national brokerage be publicly talking about selling? Talk about destroying trust in the brand.
    It seems to me that he would sell right away for the right price. Not a statement that instills confidence in the agents and brokers in that network.
    I would suggest agents and brokers of RMA consider joining another brokerage that intends to be around for years to come, not one looking to cash out.
  • Ross Taylor | 03 Mar 2016, 10:16 AM Agree 0

    I don't understand the math. DLC really only paid 0.125% of sales??

    Are the margins so low in our business?

    If they can net say 1% profit from sales, that would be $80 million dollars per year.

    If their net profit is only 0.5%, that's still $40 million per year.

    Not bad for a cost of $10 million. Where can I get some of that?

    Probably I am not understanding something here....
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