- 620
WHat does it mean when you guys say you always ask for an upfront release of your contract and commissions? I'm new please help.
ASking for upfront release?
- Thread starter JCK818
- Start date
- 2,103
It means the captive manager and or the independent marketing manager could not realease you to be appointed for 6 months or a year- when you leave.
example: you go to work for XYZ captive. You quit. You try to work for broker that writes XYZ, along with others. You cannot sign the contract for 6 months. They won't release your appointment. Because: you may owe money back that you were advanced. You may even owe it -months from now.
example: you go to work for XYZ captive. You quit. You try to work for broker that writes XYZ, along with others. You cannot sign the contract for 6 months. They won't release your appointment. Because: you may owe money back that you were advanced. You may even owe it -months from now.
- 2,103
So, an upfront release is basically saying you will leave, eventually, and you will take your business elsewhere. Some managers do not appreciate that.
- Thread starter
- #4
- 620
ohhhh. So when you leave that agency...you can still get residuals if you move your file to another agency?
- 15,319
An upfront release is nothing more than a written promise that if you ask to be released at a later date it will be given. Period.
Rick
Rick
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