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Whats the contract rate again greg?
Single agent starts at 70% with 65% advance. The other 35% is divided by 12 and you start receiving 1/12 of the 35% NEXT MONTH (called the pay-thru). Chargebacks NEVER come out of advanced commissions, they are deducted from the pay-thru. Helps an agent make $$$ and not have to over come charge backs before they can make a dime. Also helps keep agents from hopping co. to co. when they face chargebacks.
Commissions climb based on production. Starting commission can be higher than 70% if a manager brings a team on board.