Compliance
Disclosure to Borrower Resources
Disclosure to Borrower by Province
Commission
Receiving Commissions from Lenders & Lawyers
Lender Points & Bonus Programs
Lender Points and Bonus Programs
There are lenders who have programs where they provide additional bonus payments for funding mortgages provided a minimum funding ratio across the entire team is achieved. These programs are subject to change; from time to time the lender points programs may change, be cancelled or new ones added. The points are issued to the brokerage level and not to the individual agent. BRX Mortgage, as a brokerage, will always attempt to pay any funds tagged to a file, completed by an agent, to them as commission provided lender policies allow us to do so.
*Questions about payouts? Contact Finance@BRXmortgage.com
*Questions about funding ratios? Contact Underwriting@BRXmortgage.com
Payroll
Getting paid by BRX
Referral Fees
Set up commission payroll in Scarlett
*For Monthly Fee and E&O information, refer to Company Resources & Policies > Resources
CRA/Taxes
“Do I need to think about taxes or legal structures for my business right now?”
While everyone’s situation is different, we always recommend you connect with a qualified tax or legal professional for questions like these, generally these tax or legal conversations are not required until your business reaches a certain level of production.
If you’re a rookie agent, the best thing to do is to focus on getting your new business up and running.