The FCNB (the NB Regulator) has issued notice re Co-Brokering.

The bottom line is this; in a co-broker situation, only the “licensed” agent can interact with the clients & lender.

A simple referral of name and contact info… NO application taken. 

The silver lining?

The NB licensed broker can choose to  pay a referral fee. 

But the original agent is no longer involved in the file at all.