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Where are you located?
First, I believe you have every right to know what a path to equity partnership looks like. Second, how much do you or can you originate? This could be a financially valuable get for you.
You should be getting a percentage (up to 1/3) of any business you bring in from day 1.
Look around at job posts in your area to confirm. If you know what you’re doing, you should be making a lot more as a fifth year
Seems like the owner has no intention of letting go of control. Its' his baby and it apears he has no interest in sharing equity