I heard that the retail HMCs and PMBs have a new comp plan today. In MN, it will be a salary of 15.57 per hour. No draw. Big cuts in bps in the tiers. $150 min commission, which is down.
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Good. Mortgage is an albatross to the company. Hasn’t made any profit in a decade.
How does this work?
How much are the commissions?