Pros and cons of becoming a sub-agent?

[Rib217]

If an opportunity to become a sub agent were a possibility; what would be some of the most common pros and cons?

The biggest pro i can think of is the possibility of gaining a good chunk of the agents book when he chooses to retire.

What are the cons that i may not be experienced enough to know about?

 

[somarco]

Generally, you give up control of your block. If you leave for another opportunity, there may be a non-compete. You may forfeit the right to ongoing commissions, including renewals, especially if you took advances and the earnings have not caught up with the advances. If you have a debit balance, your MGA may opt to come after you for the outstanding balance.

The positive is, you might learn this business on someone else's dime and be a better agent because of that.

 

[AgentPitstop]

Pros- Spending some one elses money to make money.

Cons - Giving up the higher contract levels that lead to really big checks for yourself.

 

[somarco]

Wow. Bringing back a thread from almost 5 years ago.