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If I were to move a contract from one FMO to another, would any downline agents I have automatically come with me? Also, what happens to my clients?
If I were to move a contract from one FMO to another, would any downline agents I have automatically come with me?
Also, what happens to my clients?
If you are independent your downline moves with you unless your current upline doesn't want to sign off on that.
Downline agents would have to move as well (i.e. - new paperwork). As long as you are being paid direct (no assignment of commissions), you will continue to get paid on those clients. The old FMO will continue to receive overrides from those prior clients as well.
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I guess I could have clarified that in my reply. I just haven't found too many FMO's who willingly sign off on stuff like that so I always assume they won't.
All good IMOs will allow it. I have transferred contracts in with 200+ agents in the down line and none of those agents had to do anything.
It's an easy process if everyone works together. If you have an IMO that won't allow it, just bring them into the light here on the forum and often that's all they need to reconsider.
If they release they will find that for every one that leaves they will get 20 new ones. If they don't release and agents that are trapped report that publically, they will lose LOTS of future business.