Hi everyone! First post on the forums. I just obtained my P&C license and have been offered a position as a producer with a small independent agency. I was told I'd be provided with some leads from their website along with a few internet leads a day. I will also spend 5-6 days a month marketing to mortgage companies and at networking events.
The compensation being proposed looks like this:
Is this a fair deal if they are providing training, leads, and marketing?
I'm just new to the industry and don't want to accept a low ball offer.
TIA
The compensation being proposed looks like this:
- $24k base
- No commission on the first $8,000 in premium every month.
- 4% initial commission
- 3% on the next renewal
- No 2nd renewal commissions
- 5% profit sharing, up to $5,000.
Is this a fair deal if they are providing training, leads, and marketing?
I'm just new to the industry and don't want to accept a low ball offer.
TIA