Impact to Brokers
Don’t burn borrowers
The proposed reform would reduce the average mortgage broker salary to around $40k.
Commission trails make up around half of the average mortgage broker salary. Could you and your family survive a 50% pay cut?
Mortgage brokers make up 20,000 small businesses, creating more than 2700 full-time equivalent jobs.
That’s a lot of people potentially laid off, businesses shut down and commercial shopfronts vacated if this reform goes ahead.
Join us in voicing concerns over the proposed changes to our industry.