MGA Contracts

[usakr]

Does anyone here know the contract levels for an MGA or an IMO? I know there are 120% contracts available to generel agents. So what is the norm for an MGA?

 

[Mark]

It all depends on how many agents you have and what kind of production you are doing.

An MGA can be just someone that has 1 or 2 agents or someone that has 50 to 100 agents.

IT all depends on production really.

I rather have a guy that has 2 agents and does 300,000 then an imo that has 1000 agent and does 50,000 a year.

 

[GreenSky]

Since this was posted in the "general" forum, wouldn't it be a great idea to have some clue as to what product?

Rick

 

[usakr]

For a life term product.

 

[Mark]

What are your numbers now? How much production or how many producing agents do you have?

 

[usakr]

No producing agents. Just wondering what kind of contract someone would have that offers someone a %115?

 

[HarryRenard]

Its not so much a percentage there can be big bonuses involved depending on profitibility and production.