UPDATED EFES/Equita does NOT give releases (New agents please read)

[SPUR CITY]

He has 34kish in debt. If I were EFES I would try to work a deal out where the new IMO is responsible for that debt and get rid of the headache. I don't even know if that's possible, but I'd try. I've always said that there's no money in great salesmen in this biz. Once the agent starts counting your money he's outta here. I'd love a group of group of 7k per month producers. Enough to make a living but still need you. But I don't recruit and train agents, so what do I know?

Most agents I know of have placed business already on the books when asking for a release. That's very typical & certainly not out of the norm.

 

[Chazm]

He has 34kish in debt. If I were EFES I would try to work a deal out where the new IMO is responsible for that debt and get rid of the headache. I don't even know if that's possible, but I'd try. I've always said that there's no money in great salesmen in this biz. Once the agent starts counting your money he's outta here. I'd love a group of group of 7k per month producers. Enough to make a living but still need you. But I don't recruit and train agents, so what do I know?

How do you know he's advanced

 

[WinoBlues]

General FE guys release question - When you guys decide to start writing with a different Upline and the old one wants to act like a jilted Ex. Why not just park those old companies for six months and write other companies?

 

[Todd King]

He has 34kish in debt. If I were EFES I would try to work a deal out where the new IMO is responsible for that debt and get rid of the headache. I don't even know if that's possible, but I'd try. I've always said that there's no money in great salesmen in this biz. Once the agent starts counting your money he's outta here. I'd love a group of group of 7k per month producers. Enough to make a living but still need you. But I don't recruit and train agents, so what do I know?

This is why we use reciprocal releases so that the new upline accepts the responsibility of the debt.

 

[Todd King]

How many carriers you contract through them? Who? They may be shit carriers anyway.

Check and see if any of those allow dual contracts.

Send in your Term Letter and write other carriers for 6 months and tell Chase to Phuck Off . . .

If you can find your present Clients a better deal from another Carrier - roll em over. Don't replace just based on your commission - make sure the new policy is indeed a better deal for the Client.

Most FE companies do not dual contract. As a matter of fact I'm not able to come up with even one in my mind at the moment.

 

[Todd King]

I talked to chase and asked him was he really not releasing you and he said of course he was. He was just heated on the call because you acted as if he did nothing for you after you received all the training and you were cursing at him. Even told him to F off.

He took all of your calls when you were sitting with clients and helped you close multiple deals.

Many ways to ask for a release and you went about it the wrong way in my humble opinion.

But as expected, he was never NOT gonna release you. We don't want someone to be forced to stay.

Sometimes we, as IMOs, do end up working for nothing. It's just the nature of the business. Any IMO that starts crying about how much they did for an agent when the agent asks for a release is just nuts. Get over it, release the agent and go find the next agent who will stick around. This is just standard operating procedure. Sort of the same as an IMO crying because of chargebacks. It's the nature of the business.....get over it!

I like Chase a great deal...but he shouldn't play games, especially based on emotion.

 

[SPUR CITY]

General FE guys release question - When you guys decide to start writing with a different Upline and the old one wants to act like a jilted Ex. Why not just park those old companies for six months and write other companies?

Easier said then done sometimes.

Some agents have their particular favorites that they are used to and it's hard for them to change course. Sometimes they may have 20 carriers with a particular organization and if they don't get released & go to the new organization who only has 25 carriers to choose from (and they're usually not the preferred carriers) It Will cost the agent money every time in that situation. Even worse Some IMO's don't even offer 20+ carriers.

There are other reasons but those are some of the biggest.

 

[CALTCAgent]

This agent is basically teaching himself by watching videos and only calls a few times and he still gets chastised for taking up too much time. Furthermore he starts out producing and it only looks to get better. This is exactly the kind of agent that an FMO should be looking for, IMO.

Of course they won't release him, he is a producer and asks for little in return. This guy makes a great business decision. If you aren't getting much help and you can get better contracts elsewhere, why would you stay ? Makes no sense.

 

[WinoBlues]

Easier said then done sometimes.

Some agents have their particular favorites that they are used to and it's hard for them to change course. Sometimes they may have 20 carriers with a particular organization and if they don't get released & go to the new organization who only has 25 carriers to choose from (and they're usually not the preferred carriers) It Will cost the agent money every time in that situation. Even worse Some IMO's don't even offer 20+ carriers.

There are other reasons but those are some of the biggest.

Thanks.

Seems like there are guys making money with a lot of different companies. I would have thought a good agent could sell just about any company. Or direct companies like SNL.

Scary that someone could / would lock up all the companies. FE is a different world.

Thanks again

 

[Newby]

He has 34kish in debt. If I were EFES I would try to work a deal out where the new IMO is responsible for that debt and get rid of the headache. I don't even know if that's possible, but I'd try. I've always said that there's no money in great salesmen in this biz. Once the agent starts counting your money he's outta here. I'd love a group of group of 7k per month producers. Enough to make a living but still need you. But I don't recruit and train agents, so what do I know?

You hit the nail on the head. Most of us use a release form that requires the new IMO to accept any past present or future debts. But it's just really a gentleman's agreement between the IMOs. The companies mostly will still go after the original IMO for any debts first.