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Wow. That is a pretty Shmitty thing for you to sayOf course, I should have known better then to have asked a group of people, incapable of being objective...
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Wow. That is a pretty Shmitty thing for you to sayOf course, I should have known better then to have asked a group of people, incapable of being objective...
Cant pay an unlicensed producer a split of commission, can only pay them for generating leads whether they lead to a sale or not. Paying only when sale happens or a percentage of sale requires proper licensing
Big shops mess with this all the time though.
They just pay in arrears on the lead total for the month.
So if you're supposed to get $100 per close, and generated 10 leads, they magically cost $10 each that month.
Next month when the agency closes 2, all of a sudden they're $20 a piece.
Not disagreeing.Yup, creative way to avoid getting a fairly easy license to pass.
However, some states laws are pretty clear that some actions unrelated to compensation require being licensed when you "solicit someone to apply for insurance". So, the level of the detail in the call/approach will determine if a license is required, not just if a commission is paid. Especially on PC insurance that i think this is about. My bet is a person calling on PC is getting into some detail about coverages or possible policy types for the risk
Seriously?
Of course, I should have known better then to have asked a group of people, incapable of being objective...
I tried filing a complaint with TDI but it seems like they only have a portal for consumer complaints. There seems to not be a portal for agents or contractors to file a complaint against a broker?
Would you be filing a complaint if you'd been paid?
I think you're too entrenched in your own pain, anger, and disappointment to see objectively yourself. You are getting the advice you need to hear, not what you want to hear.
According to what? As a broker, are you capable of being objective?