Can anyone explain no release

[moonlightandmargaritas]

Moral of the story;

Read and thoroughly understand anything you sign.

Get "understandings" upfront, and in writing.

Saves a lot of blood, sweat and tears.

 

[Crabcake Johnny]

One of the largest traps I've seen over the past months is the reduced commission in exchange for free leads.

I've never seen this work out to the agent's favor. In most cases the agent will give up 5%, get a few free leads however when the apps don't come rolling in they find that their leads of stopped.

Now they're stuck on reduced commission, no more free leads and no release.

If any agency wants to give a commission reduction in exchange for free leads here's what needs to be in writing:

1) How many free leads do you receive
2) What type of leads are they? Shared, telemarketed, do the leads come in real time?
3) How much production do I need to turn in to keep the free leads coming
4) If the free leads stop or the volume promised goes down over "X" period of time, does my commission get bumped up?

If you can't get this in writing, run to your nearest exit.

Also, you need to do some math. How about a promise of 20 shared leads per week and 15% instead of 20%.

Per $10,000 in business you're giving up $500. $500 into 20 leads is $25...pretty expensive shared leads.