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Can I ask a potential client to sign an agreement outlining the costs and fees for arranging a mortgage, before he/she enters into a mortgage?

April 26, 2017Agreement arranging client costs fees mortgage outlining potential

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Can I ask a potential client to sign an agreement outlining the costs and fees for arranging a mortgage, before he/she enters into a mortgage?

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A Mortgage Brokerage may ask a potential borrower/client to sign an agreement which discloses the Brokerage’s fees, and commits the borrower/client to working exclusively with the Brokerage for a specific period of time. However, the potential borrower/client can choose whether he/she wishes to sign the agreement, or shop around.