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I will get a 1k monthly salary and a 75% commission on new business, and 20% on renewals, he will provide me with an office, leads
You need to find out how many leads and how often. Many promise leads but don't define how many and how often.
Some give a few and hope you start producing on your own. Then its a big win for them and you are stuck at the lower compensation. If you don't produce, they are on to the next agent.