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MB Meltdown Down Under

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aussie ken

Thread Starter
Member
Joined
Mar 11, 2005
Professional Status
Retired Appraiser
State
Australia
Just got back from church this morning with a lovely juicy bit of information on the continuing melt down of the broker industry............the largests local broker in Ozzie is called Mortgage Choice and 5 yrs ago a franchise cost ~$200,000.............the current asking price is is now down to a bargain ~$50,000.
 

panappr

Elite Member
Joined
Dec 5, 2007
Professional Status
Certified Residential Appraiser
State
California
Just got back from church this morning with a lovely juicy bit of information on the continuing melt down of the broker industry............the largests local broker in Ozzie is called Mortgage Choice and 5 yrs ago a franchise cost ~$200,000.............the current asking price is is now down to a bargain ~$50,000.
Why wouldn't someone just open their own office and call it "Choice Mortgage" for free....
 
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