For an experienced broker the best brokerage is the one that leaves the most net income and time after fees, with top lender status, admin carried for you, and clear ownership of your client relationships.
Experienced brokers often compare splits and stop there. The better comparison is net: take your last twelve months of funded volume, apply each brokerage's split, then subtract every fixed fee, royalty, technology charge and compliance cost. A higher split with heavy fees regularly pays less.
Then look at time. Who handles processing, document chasing and compliance review? How quickly does a hard file get a second opinion? Can you take on commercial and private deals under the same roof?
Finally, read the contract on client ownership and data. Your database is the asset you are building, and you should know exactly what happens to it if you ever leave.
A.I.M.I. Collective works with experienced brokers in BC, Alberta and Ontario. Compensation is top tier and competitive, set against your volume, with every fee in writing before you sign. Processing, compliance and payroll are carried at head office. We provide the infrastructure. You build the book.
The worksheet for comparing brokerage offers on what you actually take home.
Net income, not splitSix things that decide whether a new mortgage agent funds files in year one: training, a mentor, lender status, underwriting support and a 90 day plan.
Ten brand names, three parent companies. Who owns what in Canada's mortgage brokerage networks and how that changes the way you read a recruiting pitch.
Most recruiting pitches compete on one number. A framework for comparing brokerages on what lands in your account after fees, royalties and lender status.
Bring your questions to a discovery call and a broker owner will answer them directly.