NewOHagency
New Member
- 1
Hello,
I just acquired a brokerage in the southeast to add to my own (people + book) and it's a good time to refresh comp across the board, but I'm a little outdated on what's market rate today. I did try and search, but couldn't find exactly the scenarios I'm looking for.
On the personal lines side, we have several partners in the residential real estate space so we get a good 10+ warm leads a day. All our agents need to do is quote and close, we take care of servicing. Agents also receive benefits. If the agents don't own the book, what would you expect new and renewal splits to be? Would you add a base?
On the commercial side, our agents typically source their own leads. What's typical market rate new and renewal if they own their book and if they don't own their book?
Thank you for your candid input. It will help me out considerably as we work to make sure our agents our at the right levels.
I just acquired a brokerage in the southeast to add to my own (people + book) and it's a good time to refresh comp across the board, but I'm a little outdated on what's market rate today. I did try and search, but couldn't find exactly the scenarios I'm looking for.
On the personal lines side, we have several partners in the residential real estate space so we get a good 10+ warm leads a day. All our agents need to do is quote and close, we take care of servicing. Agents also receive benefits. If the agents don't own the book, what would you expect new and renewal splits to be? Would you add a base?
On the commercial side, our agents typically source their own leads. What's typical market rate new and renewal if they own their book and if they don't own their book?
Thank you for your candid input. It will help me out considerably as we work to make sure our agents our at the right levels.
