[Scott45]

broker? need opinions of each.. thinking of moving to insuranceThis is the exact type of response I am looking for. Others please give me your opinions. Do you think it is smart to move into an entry level commercial insurance underwriting role to learn the business before I become an insurance agent/ broker

[chathamguy]

I am a commercial insurance broker, where you commissions will not be as high as that of a Mortgage broker, Insurance Brokers make commissions on renewal. EG, I sell a policy now, Make $100 Commission, when that policy renews next year I also make $100 commission, if I keep my customer happy, I have had clients for 10 years, so I made $1000 off them. I make $50k commission this year, do the same sales next year with renewals I just made $100k, and so on. Also if sales one year or Month are slow, I have last years commission to fall back on. As a mortgage broker, you get a larger commission but it is a one time payout, if you don't close a deal for a month you don't eat that month. You will feel the impact of the economy more. Good luck