Investor Class - $400,000 -- Lawyers Commission?

[Hyru]

I understand that one can meet the $400,000 requirement by requesting some funding from the bank. Typically, I believe this is $280,000 from the bank, and $120,000 from the individual, which makes a total of $400,000. I know that the $120,000 is not given back to the individual, but rather, used by the bank to cover the interest.

My question relates to the commission that the lawyer/representative gets in this scenario. How does that work? Are banks giving the representative a cut of the $120,000?

Also, is that the typical ratio? 280/120? Or can it be something like 300/100, or 350/50?

Thanks

 

[Matthew Iwama]

Bank will pay anywhere between 60-90k commission

 

[Hyru]

really?
Thats crazy!
Is it a private agreement between the banks and the lawyers? Some pay 60 and others 90?!

 

[viewer]

if investor applicant choose 120,000 cad option
then 60,000 cad goes to lawyer and 60,000 cad goes to bank

which is far to much for lawyer or representative


this is daylight robbery

 

[Matthew Iwama]

The bank has zero risk - a time deposit backed by the government.

There are multiple choices for the investor, so the bank will do pretty much anything to get their business.

Ask your consultant for a partial rebate. Happens all the time

 

[Hyru]

Partial rebate seems like a good idea

Just need to know whether $60k is what they're making in commission, typically. I'm assuming this could be higher? 80k?

 

[determinator]

Can anybody give exact figure of commission

canadavisa david cohen ,leon,pmm comment plzz

 

[determinator]

Can anybody give exact figure of commission

canadavisa david cohen ,leon,pmm comment plzz

 

[ayanab7]

Hi, all. Yes, I do also like to know what is the exact amount of Lawyers commission? Good Luck.

 

[determinator]

It seems 60,000 cad is minimum commission
but it is also too much

its the shame for banks and lawyers\consultants\representative


and this commission also maximize till 90,000 cad ......my advice to all investor applicant is be careful before payment


canadavisa david cohen ,leon,pmm comment plzz

 

[Hyru]

Ive asked ScotiaBank and they're aware of the program, but claim theyve never heard of a commission to the lawyers.

 

[vizsagar]

Hi

Please note that just for your info. this program of US$ 400 is closed already and
it has now been doubled the amount to invest.

Regarding commission I don't think somebody will tell you how much they are
making on this at all !!!

All the best.

Viz

 

[determinator]

it s the common sense and everybody knows that the reregistration in this 400,000 program is closed way back but for your kind info it s canada those cases are still going on lots of people still didn t got interview call therefore they didn t have invested yet so plz don t remind us again and again that its closed


and l know the the exact commission figure of my Case and was shocked its 70000 cad
but it was too late for me because i got info after investing


therefore lets the people know what they are doing with us

my suggestion is they should do like that 60000 bank 10000 lawyer and 50000 should remain with investor which makes total of 120000

 

[home77]

I think determinator is perfectly right.

 

[Hyru]

Ive asked some friends I know who work at banks and none of them have ever heard of a commission for the lawyer

weird