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.
📌 Resources
Form 10 from BCFSA: https://www.bcfsa.ca/media/2533/download
BCFSA Guidelines: https://www.bcfsa.ca/media/2613/download