Category: Fee for Service

Fee for Service

mf | October 19, 2008 | 30 Comments

In Washington State, SB 6381 mandates Fiduciary Duties for mortgage brokers and the LOs working under mortgage brokers.  At the end of the bill, there is a small but powerful addition.  Brokers/LOs can now charge a fee for service. Before this law passed, the only way brokers/LOs could earn a fee is when a loan closed [...]

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