FCA tells brokers to stop paying third parties without justification

high rise flats

The Financial Conduct Authority expects brokers of multi-occupancy buildings to “immediately stop paying commissions to third parties where they do not have appropriate justification and evidence for doing so”.

The move comes after a broker pay review, the findings of which the Department for Levelling Up, Housing and Communities called “shocking”, discovered £80.7m of broker commissions for multi-occupancy

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