Broker poll to reveal industry sentiment

Broker poll to reveal industry sentiment

Has the government gone too far with mortgage rule changes? Are brokers satisfied with their brokerage? What are brokers doing to increase revenue?

These are just some of the questions that will be answered in CMP’s annual Broker Sentiment Poll, proudly sponsored by Broker’s Choice. With just days left to complete the survey, brokers are already making some important statements with the poll.

When asked, “On a level from 1 to 10 (1 being the lowest) how do you feel the federal government is handling the issue of mortgage regulations?” nearly 60 per cent of respondents so far have given the feds and Jim Flaherty a rating of 5 or lower. The Sentiment Poll is also asking brokers whether the mortgage rule changes over the past three years had a positive or negative effect on their business. Currently 72 of those polled say the changes have had a negative effect.

When asked, “Which services will be you be taking on or looking to build over the next 12 months?” brokers top choices currently include, private mortgages (46 per cent) mortgage insurance (30 per cent) and financial planning (29 per cent). That's a shift from last year's poll when the top choice was HELOCs.

Despite what some might call a game of musical chairs with brokers moving from one brokerage to another, the Sentiment Poll so far reveals brokers are quite happy with where they are, with 63 per cent rating their current brokerage eight or higher out of 10.

Agree? Disagree? Add your voice to the debate by taking a few minutes to complete the survey by clicking here now.

The final results of the survey will be published in the July issue of CMP and you can see exactly what your colleagues in the industry are thinking and doing.

Sharing your views on broker business issues also comes with a thank you from CMP. You will be entered into a draw for a chance to win a BlackBerry Playbook just by completing the survey today.

Don’t let this opportunity to have your voice heard go by – Make a difference to your industry by filling out the survey TODAY.