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09-24-2014, 09:42 AM #1
- Join Date
- Apr 2014
- Posts
- 92
When Merchant's refuse to work with their broker.
This scenario has reared itself multiple times... We fund a deal brought to us by broker "X", come renewal time the Merchant refuses to work with the broker for reasons like undisclosed fees, broken promises and a lack of communication. As a direct funder, Fusion Capital's first priority it to its Merchants. Without them, we would not be here.
The most interesting part of all this, is that there is an expectation by brokers to be compensated by the funders when deals become renewed, even if the original broker no longer handled the deal, not to mention if the Merchant refuses to work with broker "X" any longer. This is fine with exception, Fusion Capital does honor renewals. But when the same broker does something shady, where should the obligation be? Before you answer this question, think about this... Regulation may be around the corner; who will be targeted first? Ultimately, the goal of regulation is to protect the consumer (the end user), or the business owners in our case.Last edited by FUSIONCAPITAL; 09-24-2014 at 11:23 AM.
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