MGA IMO FMO, Etc.
- Thread starter Chazm
- Start date
- 3,347
There is no difference. MGA, IMO, FMO = GREEDY pet carrier pimping bastards
- 5,058
HealthGuy, not all GA's pimp pet carriers.
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- 285
on a more serious note: The only difference is the size of the organization. All of those types of organization are places for agents to hang their hat, under someone else. The difference is just how large the organization produces and they can call themselves certain titles depending on their production/size.
- 608
Each carrier uses different designations. But, in general they are based on total volume placed with that carrier. Typically GA or MGA is the first level then IMO, FMO and NMO.
- 3,347
The longer the acronym, the bigger the swinging dick. Who cares.
- Thread starter
- #7
- 285
yes. the higher the level, the higher their commission level.
- 7,066
To a degree that is true. However, that does not mean that the agent gets a higher commission. It is not uncommon for them to offer agents a lower than street level commission.
A guy posted on here a few months ago who is offering contracts and basically said if an agent is new and will need "support" that he gives that agent a less than street level contract. I posted back that I have a problem with that. Any agent who is willing to accept help and wants to be successful should not be penalized for being new.
These are also typically the ones who will not willingly give a release. If a marketer is taking good care of his agents and treating them fairly then the agent won't want or need a release.
I got contacted by a marketer a couple of weeks ago who wanted me to contract with him for 16% commission and he claimed that was the best he could do. When I told him that I knew street was 4 points higher and I was getting above that he said I didn't know what I was talking about.
