This Is Brokering

Ep. 405 - The (Beginning Of The) End Of Co-Brokering


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The FCNB (the NB Regulator) has issued notice re Co-Brokering.

 

The bottom line is this; in a co-broker situation, only the “licensed” agent can interact with the clients & lender.

 

A simple referral of name and contact info… NO application taken. 


The silver lining?

The NB licensed broker can choose to  pay a referral fee. 

 

But the original agent is no longer involved in the file at all.

 

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This Is BrokeringBy Dustan Woodhouse

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