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Home and car insurance agents typically receive a 10 to 15 percent commission on the first yearâs premium. Commissions can range as low as 8 percent, says Bissett, while 15 [percent] would be on the very high end.. In contrast, life insurance agents make most of their money in the first year of a new policy.
Is the 5-20% above your kicker incentive or the normal commission rate?. In a startup SaaS environment, can you 1) share how you would structure a commission-only rep agreement (what %) based on deals which when closed would bring annual recurring revenues US$50,000 per client to the organization. do that because the sales rep is closer to the customer than the company, and the rep should be able to make the call to drop the price to get the sale. However, there should be a G.P. rate 'floor,' below which the rep gets 0 commission.