Compensation As An Entry Level Agent

FL_PC

Expert
48
Florida
Hello again,
I got my first job offer as a P&C agent in FL. NO EXPERIENCE but a licence. The agency is an Allstate agency.
30K salary + 5% new + 2.5% renewal
Your opinions are appreciated in advance.
Steve
 
Re: Compensation As En Entry Level Agent

5% of new business sounds criminal but the 30K, first year, more than makes up for it.

I would be tempted to take the 30K and get the paid training but would have my eyes on what the deal will be after the first year.

Read all contracts carefully and have them looked over by an attorney before signing anything. (Sorry, I have had some bad experiences with Allstate and their legal department).

Surfy
 
I think you are getting a good deal, starting off as a new agent. Do you have any requirements?
 
Thats fair - 30k a year for no experience?

Where were all these positions when I started out???
 
Re: Compensation As En Entry Level Agent

5% of new business sounds criminal but the 30K, first year, more than makes up for it.

I would be tempted to take the 30K and get the paid training but would have my eyes on what the deal will be after the first year.

Read all contracts carefully and have them looked over by an attorney before signing anything. (Sorry, I have had some bad experiences with Allstate and their legal department).

Surfy

Thats what I think too. Thanks for the rresponse
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I think you are getting a good deal, starting off as a new agent. Do you have any requirements?

Not that I know of. I will be going for an interview. I will get the details. Thank you for the response.
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Excuse my "entry level" questions. I assume that 5% and 2.5% refer to the percentages of the premiums. What is the rough range of the commission percentage that an agency gets ?
 
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Is this sales or CSR? If it's CSR then that's about right, if it's straight sales then you the agent is making a huge investment in you. If you do sign on and do it, you should stick with him for at least a few years before you jump ship. Legally is there anything he can do about it? Not likely, but it's a jerk move to draw a salary when someone is only getting the commissions of your business and then leave once they've trained you.
 
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