Commission

As a broker, you will be earning 2 to 3 times the commission you’re currently taking home at the bank. Whether your goal is to make more money or improve your work life balance and work less, but still make more, we’ve got you covered.

Book a quick commission calculation session

Other income earning considerations:

  1. How many files could you have renewed or refinanced as a broker and received compensation on?
    To calculate, take the average loan amount on files turned away and times it by 1% for a conservative estimate of the commission you missed out on that you would have received as a broker. As a broker, we encourage you to incorporate your business to unlock significant tax savings, allowing you to keep more of your hard-earned money.
  2. Insurance sales premium: Although there are no insurance sales targets or expectations as a broker, our Manulife insurance policies pay you out at 9 x the monthly premium that the client takes, and you receive a free all-inclusive trip to Mexico on the annual client appreciation retreat if you sell more than 35 policies. Average agent compensation per file is $1,150.
  3. How many deals have you had to turn away because they weren’t a fit for the banks limited suite of products?
    As a broker, if there is a deal to be done, you will be able to find a lender.