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Contracts Without Commission Advances nor Leads
- Thread starter wingman
- Start date
- Thread starter
- #12
Assuming an agent wrote a $50/mo prem at 100% comm, with a 12 mos adv that would be $600. Assuming the agent never wrote another app, below is what his account would show:
Month Debit Bal Interest
1 $550 $5.50
2 500 5.00
3 450 4.50
4 400 4.00
5 350 3.50
6 300 3.00
7 250 2.50
8 200 2.00
9 150 1.50
10 100 1.00
11 50 0.50
12 0
Total % of $33 on a $600
Forgive my confusion, but I do not see how you choose to compute that to 12pts
In my world 12 pts would be 600X.12=$72
Sorry but I do not subscribe to your logic.
That said, I am never too proud to be corrected.
Thanks
Wingman
Month Debit Bal Interest
1 $550 $5.50
2 500 5.00
3 450 4.50
4 400 4.00
5 350 3.50
6 300 3.00
7 250 2.50
8 200 2.00
9 150 1.50
10 100 1.00
11 50 0.50
12 0
Total % of $33 on a $600
Forgive my confusion, but I do not see how you choose to compute that to 12pts
In my world 12 pts would be 600X.12=$72
Sorry but I do not subscribe to your logic.
That said, I am never too proud to be corrected.
Thanks
Wingman
