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What is a psf it stands

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for professional service fee? It is

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in essing in essence. It is in

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essence a closing cost charged by the broker to

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a merchant in a business financing and

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transaction.

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Now normally in this particular world

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the broker is already getting paid a

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commission by the funding source.

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Typically, so that would mean that this other

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fee of this psf is another via separate

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fee being charged by the broker to

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the merchant which means the broker is getting paid.

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twice

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two fees two fees

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So not every broker will charge a psf

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because technically they're already being paid. The

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question is are they being paid enough for

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the service at the rendering?

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Because we don't know what their commission is right out the top of her head

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and this hypothetical scenario.

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Some states are now requiring disclosure a

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broker fees whether it be the commission. They're

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getting

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And or the psf that they're charging

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so this information will become more available

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to merchants in terms of how much is my

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broker. How much is my salesperson getting paid on

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the deal?

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Before they may not have known that a

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commission with being paid to the broker. And so the psf kind of

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made sense, right? But all

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it is at the end of the day. It's just a fee a professional service

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fee the Brokers charging independent of

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the funding company paying out of commission so that

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the broker can get paid for

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its work