Good brokers are great to deal with. but why are we in a multi billion industry where there is no guideline for the user of a broker as to their credentials?
Why should it be different in our business then in any other (or lets say almost all) businesses ?
Why do you think that common sense should be replaced by regulation ? Way to many things are regulated already....
Any sane person should understand that if they employ a middle man, that they then have to pay for this service. Wether the service is good or not is a different question, but if you give your car to inspection you have to thrust them as well, donīt you ? And if the service is bad, then you vote with your feet, donīt you ?
BTW, Iīm not a broker, but I worked with a few of them in the past. I always saw the 5% we gave em as the equivalent of what we would have to spent for
PR. And often we had british brokers using us for british clients, a clientel we would not easily have access to.