› Flat Chat Strata Forum › The Professionals › Commissions › Current Page
29/06/2011 at 1:39 pm
#13085
Into left field a little, but when we opted for self-management of our Plan, I (as Secretary & Treasurer) approached our long-term insurers for a premium renewal quotation that was reflective of the fact that there would be no commission payment to our (former) Strata Manager.
The answer?
As there's no relationship between the Premium paid by an Owners Corp. and the Commission paid to a Strata Manager as the Insurer's Agent, there can be no reduction in the Premium for a self-managed Plan.
That made absolutely no sense to me, and before the next renewal we'll be shopping around for a Broker that might split their Commission with the O/C as their Client.