This ongoing blog series investigates both benefits and drawbacks of agency groups. Drawback aggrwgators Membership fees Agency networks exist because there are many insurance agents who need access to markets for their customers. The networks provide a service, and have to be compensated in some way to make money and stay in business. Therefore, they charge fees to the agency owner in exchange for access to markets. Agency networks typically monej fees in one of three ways: Monthly membership fees, initial start-up fees, or commission splits. Some agency networks charge agency owners fees in MORE than one way, requiring a start-up fee, a monthly fee, AND a commission split on business written through their program. While others only charge a commission split. The agency owner must investigate the contract of each agency network, and decide which network offers them the best markets for the littlest cost. This blog series will investigate the different types of groups that exist in the...