Hey Everyone!
I recently accepted (and am working) a new producer (agent) position with an EA AAA office. The pay structure does not seem reasonable to me, but I thought I'd ask experienced agents here to verify. That said, I did accept the offer because I wanted the experience and to get my foot in the door.
Terms are below:
11/hr
2% commission on earned premiums beyond 30,000/month.
2% residual commissions after six months so long as 80% retention is met
No benefits
Also, not to be taken as a rant, but to illustrate some of the challenges in making any commission:
- Producers receive no credit for walk-ins
- Agent/owner sets up phones so that her phone rings twice before anyone else's, given her priority to speak with potential new business.
Thank you for your time and input!
-Drew
I recently accepted (and am working) a new producer (agent) position with an EA AAA office. The pay structure does not seem reasonable to me, but I thought I'd ask experienced agents here to verify. That said, I did accept the offer because I wanted the experience and to get my foot in the door.
Terms are below:
11/hr
2% commission on earned premiums beyond 30,000/month.
2% residual commissions after six months so long as 80% retention is met
No benefits
Also, not to be taken as a rant, but to illustrate some of the challenges in making any commission:
- Producers receive no credit for walk-ins
- Agent/owner sets up phones so that her phone rings twice before anyone else's, given her priority to speak with potential new business.
Thank you for your time and input!
-Drew
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