You are missing that FMOs are not just for new agents. Some are good for new agents and some are better for seasoned agents that don't need the handholding but they need other support.
There are also other tasks and FMO performs for a carrier outside of appointments.
They are simply a conduit of marketing money. They wouldn't be needed if the rule from last year had gone through. That's why it's the only thing I've seen FMO's fight.
They are simply a conduit of marketing money. They wouldn't be needed if the rule from last year had gone through. That's why it's the only thing I've seen FMO's fight.
I don't think FMO's are completely useless. But just like a chiropractor they never fix any problems, they want you coming back when at some point the agent has become the master. If I was to call my FMO right now I will know more than 99.9% of everyone in that building.
You can be upset about how the model is set up but wouldn't it be better to know that it's not going to change and you should find the relationship that works for you?
Honestly, the best thing for my business would be if they made a rule that all FMOs make the same override and cut it. Integrity would fold in an instant because the model wouldn't be sustainable.
I don't think FMO's are completely useless. But just like a chiropractor they never fix any problems, they want you coming back when at some point the agent has become the master. If I was to call my FMO right now I will know more than 99.9% of everyone in that building.
For an established agent??? Absolutely, they are. They are definitely not worth what they earn off of an established agent. There isn't one piece of business that I write that I wouldn't have without an FMO, but they will continue to get paid on every piece of business I place AND work hard to retain.
For an established agent??? Absolutely, they are. They are definitely not worth what they earn off of an established agent. There isn't one piece of business that I write that I wouldn't have without an FMO, but they will continue to get paid on every piece of business I place AND work hard to retain.
I have that guy blocked. All he does is take a contrarian view of anyone he responds to. His purpose in life appears to be to argue with anonymous people on message boards.
If I didnt have an FMO my production would be the exact same. Unlike DonP, my business cash flows without a dime of marketing money. Last month I spend about $5,500 in marketing. I wrote $19k in commissions. I'm already in the black before the $2k in marketing money I'll get based on my production.
