Broker Fees

[JCK818]

Amen!! I agree with you

 

[halis]

Yeah I agree with you all. I saved a lady $600 on auto insurance and charged her no broker fee. I think even $60-100 would have been a reasonable rate to charge her.

She's saving way more than I'm charging, and that little bit she pays me makes all the difference in the world to my agency's profitability.

 

[JCK818]

Look at it this way, If I'm saving you $500 dollars, does it matter how much broker fee i'm charging you? The bottom line is I'm saving you money.

 

[Evo0724]

I love Broker Fees,I cant wait till I have all the puzzles
together to start my own Agency,gots 12 years experience under my
belt slaving for a huge Non Standard company in Socal.

 

[1manshow]

We don't do broker fees here in Pa. I'm assuming you're still getting the standard commish?

 

[Evo0724]

Yep,the slave ship we row for pays a measly 13% ridiculous
commission to its hardworking Brokers and 19% in Broker
Fees,in a couple months I say good riddance M_ _ _ _ _ _ uckers!!!

 

[JCK818]

Oh wow 13%, you should add few more verbs there.

 

[FLInsa]

Never have and never will do broker fees. That is what the commissions we get paid are for. Unless of course you're a straight consultant.


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Look at it this way, If I'm saving you $500 dollars, does it matter how much broker fee i'm charging you? The bottom line is I'm saving you money.

Hmmm. If you're saving a client $500 AFTER tacking on say a $50 fee, and that client later finds out that he could've gone to another agent that didn't charge the fee and saved $550 vs. $500 with all things being equal - which one looks better in the client's eyes?

 

[JCK818]

That is why you disclose everything. If you were paying $2000 annually and I offered you $1500, are you really going to be offended that I have a broker fee in there? It's all in your presentation. I have yet to meet an agent who does not charge broker fees. Granted on certain carriers you cannot, but on most you can. Am I wrong?