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06-29-2013, 10:30 PM
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#1
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RS Lurker, I don't post!
Join Date: Jun 2013
Location: Vancouver
Posts: 1
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Independent Insurance Broker?
I've noticed a couple old threads on insurance brokers, but I am looking for more info.
I have an acquaintance that sells/renews auto plan insurance himself, is this what is an independent insurance broker? How do you go about becoming one after the fundamental/CAIB 1 test?
What would be the pros of working independently in contrast to with a firm/company?
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06-30-2013, 04:00 PM
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#2
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RS has made me the bitter person i am today!
Join Date: Jan 2012
Location: PENIS
Posts: 4,814
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^nice username
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07-05-2013, 05:34 PM
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#3
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Head of HR....have a seat on that couch
Join Date: Jan 2003
Location: Coquitlam
Posts: 21,878
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A brokerage will typically hire brokers on a per hour basis, then if they show that they bring in a lot of their own clients and are proficient, may negotiate a percentage on the commission - that's probably what your buddy does.
I have a few friends that got exclusive business from dealerships and their own personal clients, working on commission. After years of hustling, they saved up and opened their own brokerage.
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