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Walter Said:

I just completed a interview for a sales position and need to let them know how much salary I want, don't know?

We Answered:

I usually find it best for them to make an offer 1st. If you go 1st your requirement could be well below what they were willing to give and they would just nod their heads and say, we can probably make that happen. If they go 1st they will more than likely give you what is fair and equitable then you can decide if it's worth the effort.

Try going to salary.com and seeing if they have anything for your area. There are a lot of factors depending on where you live and cost of living adjustments. Are you just out of school with no sales experience? Assuming you have a bachelors degree in a related field, if so go for about 40-50k and see what they say. Will they reimburse you for travel and other related selling expenses? You might want to look into what it would typically take on a monthly basis and figure this into the equation, especially if you'll be driving all over a metropolitan area in your car without being reimbursed for mileage.

On a side note, if they're looking to have you market Life Insurance it's really a numbers game to them. Some people make it big in this field, but sadly the majority of people quit after working for a short period of time. What they gain out of this is the hopes that you'll sign up some close friends or members of your family who will more than likely keep the policy active after you leave. Just my 2 cents worth...

Linda Said:

More questions regarding moving to Los Angeles upon graduation?

We Answered:

Don't they have a career office at your school? We're travel advisors here, not career counselors! I would have thought that an internship would have given you the information you're looking for.

You want the short list of top companies to work for? I think it's about 500, so it won't even fit in this small space.

http://www.laalmanac.com/economy/ec03.ht…
http://www.laalmanac.com/economy/ec05.ht…
http://www.laalmanac.com/employment/em21…

Ian Said:

how do you start a mortgage brokerage buisness?

We Answered:

before you get into any business for yourself you should learn how to spell and proof read everything you type.

Felicia Said:

Where can I find the language about ongoing residual payments in the insurance industry?

We Answered:

I don't think it exists.

See, in order to LEGALLY be paid, the broker MUST be currently appointed with that carrier, AND currently licensed, in that state.

Carriers do NOT keep appointments open past employment, and if they no longer have that agent appointed, there's no way to easily track that they still have a valid license, or currently have e&o coverage in effect.

In short, the practice you describe is NOT common in the industry, because it opens the carrier up to having THEIR license revoked in the state, for illegal practices (paying commision to an unlicensed, unappointed agent).

Marvin Said:

How do you find existing insurance brokerages that are for sale?

We Answered:

The BEST way, is through your local independent agent association. www.iiaba.net They usually have a monthly magazine, and it lists in the back, brokerages for sale.

Fernando Said:

What is insurance brokerage?

We Answered:

Its usually an insurance agency that has licenses with several large companies. Depending on your insurance needs, they can quote your business with several companies and find the best fit. The companies give them a commission on the business written. Products are any... life, health, group, commercial, personal, etc.