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Mortgage Broker News | 05 May 2011, 03:00 PM Agree 0
A brokerage hawking salaried positions instead of tried-and-true commissions is pointing to a slowing market to explain a significant increase in the number of brokers jumping at the opportunity.
  • George | 08 May 2011, 10:14 PM Agree 0
    If you do the math, this model is not that successful. With 11 staffers, 5 offices to run and the cost of the marketing efforts, he needs to fund $200m to break even. I'd rather do $50m and pocket $600,000. Thanks but no thanks
  • Lior | 10 May 2011, 03:53 AM Agree 0
    Clearly, George, the salary model won't suffice for brokers who are top closers. But it may serve as a stepping stone for bank employees who want to get into the broker confidence but may not want to shed their salary yet for working purely on commission.
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