Strata Manager commissions

› Forums › The Professionals › SCs and strata managers › Current Page

Create New Reply
  • Creator
    Topic
  • 14/03/2013 at 9:35 pm #8743 Reply | Quote
    Mort

      Our strata managers have obtained 3 quotations for insurance from their insurance broker ranging in price from $34K to $39K. We have been with the same insurer for 10 years. I had my business insurance broker get a competitive price and his price for exactly the same cover was $4K cheaper than the lowest quote and $9K cheaper than the highest. My business insurance broker got his price from the same insurer as the Strata Manager and declared in the quotation his commission would be $250.

       

      Is there any duty of disclosure for our Strata Managers to inform the executive committee of commissions they receive for placing our business with different parties?

    • Creator
      Topic
    Reply To: Reply #18059 in Strata Manager commissions
    PLEASE ... If your property is not in NSW, mention its location (state). Don't identify companies or individuals by name. Don't mention or promote your company or services. Keep acronyms and initials to a minimum. Please, don’t use “quote” unless there is a specific point to which you wish to refer, then highlight (define) that specific passage before you click on "quote". Otherwise just use reply. THANKS.

    You can use BBCodes to format your content.
    Your account can't use all available BBCodes, they will be stripped before saving.

    Your information:




    › Forums › The Professionals › SCs and strata managers › Current Page