Apr 20, 2016, 13:30 PM by Mortgage Professionals Canada

We addressed a letter to Terry Kirkham, MSC Registrar, requesting a meeting to discuss a number of issues and concerns.

Our Manitoba Chapter members requested that we approach the Manitoba Securities Commission (MSC) regarding several concerns and requests for clarifications. In response, we addressed a letter to Terry Kirkham, MSC Registrar, requesting a meeting to discuss the issues further.


The issues raised include: the appropriate use of URLs, real estate brokers permitted to act as mortgage brokers, disclosure, co-brokering and pooling, commitment or retainer fees, electronic signatures, and a request for an education day to assist with broker compliance. We have had numerous discussions with Terry Kirkham specific to these requests, and are pleased to report that the MSC has clarified it will not sanction specific URL uses. They have clarified, however, that the responsibility to ensure that a sub-agent or broker's marketing or advertising campaign must be compliant with all regulations, and that responsibility lies with the principal broker of an organization.