Know a real estate broker who has drank the kool-aid and is going to sell term insurance over the phone for an agency. Said the leads have a 80% close ratio, which is BS. He is not licensed and the agency owner would sign the applications. Sounds like an E&O claim waiting to happen. The guy lives in FL. Is this legal?
I a license required?
- Thread starter billyb
- Start date
- 2,128
I don't believe it is legal in Florida.
- 11,291
A license is required by law to receive any share of insurance commissions in all 50 states.
Sounds like an MLM recruit and selling their friends and family with the promise of future compensation once licensing is obtained.
Sounds like an MLM recruit and selling their friends and family with the promise of future compensation once licensing is obtained.
- 25,010
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Sounds like the agency owner dropped some nice scented soap. Warn the RE agent not to pick up the soap.
- 10,340
Buy them a big bottle of lube if they do bend over to pick it up. That agent is about to stick their whole fist up there
RickyG
Expert
- 63
My prediction for this obviously illegal scenario- pain
- 5,949
Depends on what the guy says or asks the potential client.
Special Agent
Super Genius
- 119
Florida Man Don't Care...
- 4,587
Wise words. how many times did you pick up the soap before you said enough is enough
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Sounds like Primerica too. So two wrongs don't make a right. But two Wrights did make an airplane.
OK, I'm allowed a corney Dad-Joke every once in a while.
OK, I'm allowed a corney Dad-Joke every once in a while.
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