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When we partnered with YIG we got a 5-point bump on our Trans contract which we passed to the agents. So minimum wage with Trans went from 110% to 115%. That was not a requirement of YIG. They have no control of what we do. We just got a bump so we gave the minimum wage a bump.
What Petey is trying to imply is that all the other IMOs have 125% as their minimum contract. I'm calling BS on that because I get agents move contracts to me all the time from every IMO that are on lower contracts. If Petey will just name the IMO that gives them all the 125% then it will be good for everyone because it would alert any agent with that IMO with a less contract that he needs to get bumped to their minimum. And it would force the rest of us IMOs to to compete with the bar set a little higher.
When we public ally bumped every agent to a minimum of 115% some of the other IMOs complained to Trans. When we bumped RNA's minimum to 120% there was a huge effort by other IMOs to get that restricted. I even had an agent at the 5-Star convention tell me his IMO has him convinced that we can't be profitable giving Every agent 120% with RNA. Even though that spread is larger than other spreads we work with.
The fact is, this is the free enterprise system at work. What we do is good for agents whether you are with us or not. What our competitors do is good for our agents whether they are with them or not.
Every IMO is out to make money. Working with thinner margins requires us to work a little harder. We do it. Some others do a good job too. But no body does it better. And any time I have an agent that doesn't appreciate what I do, I don't wish bad things on him. But I think he needs to move on. Because I work hard and I don't have enough time to spend with all the agents who value my time. I don't want to spend one minute of it on someone who thinks I don't add value to their business.
Sorry Scott, but I call BS. I know street for Trannie was 115% in June of 2014, and I'm sure long before that. You've always said you automatically give top contracts, so that wasn't true if you were only giving 110%.
Nice try, trying to spin what Petey said. He didn't say street was 125%...he said some IMO's would give 120-125% to top producers.