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How to Complete the BC Form 10 Disclosure Statement in Finmo

Compliance & Documents

Joe Tomkins avatar
Written by Joe Tomkins
Updated this week

Overview

BCFSA requires mortgage brokers to disclose any remuneration from lenders or third parties through the BC Form 10 – Conflict of Interest Disclosure Statement. Finmo makes this easy by auto-generating the form using your deal data.


Step-by-Step Guide

1. Open the Relevant Deal

Navigate to the deal you’re working on. This should be a deal where you're ready to generate compliance documents.

2. Enter Commission Details

Scroll to the Commissions section in the deal.

Add:

  • Basis points (BPS)

  • Flat fees

  • Volume bonuses

  • Finder’s fees

💡 Pro Tip: Label your commissions clearly (e.g., Finder’s Fee, Volume Bonus) to ensure proper display in the form.

3. Generate BC Form 10

Go to the Compliance section → Generate Documents → Select BC Form 10.

Finmo will automatically populate the form with:

  • What the brokerage is paid

  • What the agent receives (e.g., 95% of total fees)

4. Customize Disclosures

Add additional statements to the form:

  • For the Brokerage section (top)

  • For the Agent section (bottom)

You can also set default text at:

  • Team level or

  • Brokerage level
    via SControl Centre Brokerage →Compliance → Generated Document →BC Form 10 Template

5. Download & Review

Once generated, download the BC Form 10 PDF to review:

  • Confirms remuneration amounts

  • Shows accurate, compliant disclosure for both brokerage and agent


Why It Matters

This process ensures you remain fully compliant with BCFSA regulations, especially around disclosing remuneration and potential conflicts of interest.

For further questions, contact our support team or visit Finmo’s Help Center.

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