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That sounds good. And in a fair world he and Mah would share his comp equally. And if they did not produce that week EFES guarantees them a living wage anyway. I will join EFES myself then.
Biggest Mistakes
- Thread starter jdjinsguy
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That sounds good. And in a fair world he and Mah would share his comp equally. And if they did not produce that week EFES guarantees them a living wage anyway. I will join EFES myself then.
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That sounds good. And in a fair world he and Mah would share his comp equally. And if they did not produce that week EFES guarantees them a living wage anyway. I will join EFES myself then.
Gee, I dunno. I can see prospects BEGGING to buy from JD after Mah gets done with them. Seems like she should get 75% for the warmup.
Could you elaborate on why assigning your commissions is a mistake.
I've been looking over my contract and it looks like that's what I did when I contracted with my upline.
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You wouldn't need to flip through the contract. When you get paid does the check come from each of your FE companies or do the checks go to your upline and they cut you a check every week?
They say its a mistake because if you end up leaving or changing companies or going independent, whatever, all your renewals stay with your upline.
They say its a mistake because if you end up leaving or changing companies or going independent, whatever, all your renewals stay with your upline.
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It means you are not direct to the insurance company. It's usually the WORST thing an agent can ever do. The only exception is if you are being supplied office space, free leads, excellent field training, etc. and really are an employee of an agency rather than an independent agent. Rarely happens.
Your upline can screw you over and take your renewals and cause you a lot of problems which is what usually happens if they took assignment of your commissions.
Start your education here http://fexcontracting.com/assigning-commissions/
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thomasm said:
Here is a simple way to think about it. Why on earth would an upline want the hassle and responsibility of recieving your commissions and remitting them to you when they can have the carrier pay you directly and have the carrier send them thier override. Then when you learn as an LOA agent most times the carrier will not talk to you about commissions as you are not entitled to any from them.
trickormate
Expert
- 46
Buddy, what do you mean assign the commission?
Read Newby's post above.
trickormate
Expert
- 46
Sorry didn't see the explanation. .. I'm in that boat right now. Just got back from a convention and found out I'm nowhere close to what the company pays. Company ________ pays 105% Street level and some are making 130% or more. the broker I'm working for is paying me 60%. I didn't have a clue about this stuff. Very upset to say the least. b
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