Originally Posted by midwestbroker
$80 Billion for the first quarter?
Why not just scrape up a few more dollars and buy Google for $81.42 billion?
Not sure where you got that number - they are at 146 billion.
But even so, it's safe to assume they have done their analysis and believe this to be a better investment.
With all of the experience, background and degrees that Ali has, my guess is that he has done his research as well.
WOuldn't surprise me if he is taking a significant commission cut to make this work financially. If you think of the volume that is going to be created, if his commission were reduced from say 1,200 down to 700 per, and he was paying out a max of 450 to an
FMO, he's still making 250 per himself over a TON of policies, and the insurance company is paying MUCH less in commissions, which may tip the scales in the "how can this work financially" equation.
Just a thought. If it were me putting the deal together, if that's what it took to make it work, I'd do it.
FYI, I did hear directly from Miracle that we're likely looking at June now because of the delays with the underwriters having to re-approve the revised apps and marketing materials.
We've obvioulsy reached an impasse where nobody's mind is going to be changed for at least 3 weeks, so we might as well not try anymore. All that can be said thus far has been said. As I've stated a few times, all I've done is taken a $10 chance to make much more, and that reserved me a spot as one of the only agents in the country who will be allowed to market this program, so I feel pretty good about it now. Even if it fails, I now have a few more thousand agent affiliations that I didn't have before, and that's worth quite a bit more than $10.
Good luck all...
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