How Terrible is this Pay Structure:

Hey Everyone!

I recently accepted (and am working) a new producer (agent) position with a EA AAA office. The pay structure does not seem reasonable to me, but I thought I'd ask experienced agents here to verify. That said, I did accept the offer because I wanted the experience and to get my foot in the door.

Terms are below:

11/hr
2% commission on earned premiums beyond 30,000/month.
2% residual commissions after six months so long as 80% retention is met
No benefits

Also, not to be taken as a rant, but to illustrate some of the challenges in making any commission:
- Producers receive no
Source of insurance-forums.net

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