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July 08: Broker numbers set to drop

by Staff Reporter•Wednesday, 23 Jul 2008•7 minute read

Broker numbers are tipped to fall by up to 5,000 as lending volumes slide, commissions are cut and regulation nears implementation.

According to Mark Hewitt, general manager of sales and operations at Australian Finance Group (AFG), market conditions are the toughest he has seen in 20 years and are set to drive broker numbers down.

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