Survey finds falling profitability for brokers
The survey showed that between April and June brokers' profitability fell back in a quiet quarter for volumes with marginal growth in the value of incomes received and a rise in average costs per transaction.
A net 12% of brokers said they expected the volume of business to fall in the next three months while overall 6% more brokers believed there will be a negative trend in fees and commissions rather than a positive one.
For overall profitability of business 28% more brokers had a negative
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