Event horizon
New Member
- 3
So I am a newly licensed agent who is going to get into the business and I have a couple of options..
1. Farmers or country financial as a captive agent. This seems like it could be a good way to get experience and knowledge of the business.. I'm sure many of you already know the structure of the deal they offer. Even if I go this route I think it would just be for the experience. I think being an independent agent is more fitting of my personal goals..
2. Working for a local independent to gain experience and hopefully a mentor.. This seems to be the path that makes the most sense, going to work and learn directly from a guy who is doing exactly what I want to be in the future.. However, I'd like to know what people think of the deal offered to me as a new producer for him.
Outline of the terms are a 50/50 commission split on sale and renewal although I won't get any renewal for first year. Also a small monthly salary that would increase every 6 months if I perform. Any policies I sign belong to his company... Is this a standard deal, above average, rip off??
For me personally I'm already fairly financially stable and I don't really need the small salary, I'm much more interested in retaining the clients I bring in on my book.. Is that uncommon to offer a new agent?
1. Farmers or country financial as a captive agent. This seems like it could be a good way to get experience and knowledge of the business.. I'm sure many of you already know the structure of the deal they offer. Even if I go this route I think it would just be for the experience. I think being an independent agent is more fitting of my personal goals..
2. Working for a local independent to gain experience and hopefully a mentor.. This seems to be the path that makes the most sense, going to work and learn directly from a guy who is doing exactly what I want to be in the future.. However, I'd like to know what people think of the deal offered to me as a new producer for him.
Outline of the terms are a 50/50 commission split on sale and renewal although I won't get any renewal for first year. Also a small monthly salary that would increase every 6 months if I perform. Any policies I sign belong to his company... Is this a standard deal, above average, rip off??
For me personally I'm already fairly financially stable and I don't really need the small salary, I'm much more interested in retaining the clients I bring in on my book.. Is that uncommon to offer a new agent?