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Obviously any self managed strata plan is disadvantaged by this sort of “kick back” scheme.
Here is an idea; how about next year at the AGM the SP resolve to engage an agent solely and expressly for the purpose of gaining insurance and nothing else. The agents authority could be restricted to just that one matter. The fee for the agents service being half the commission, the SP gets the other half.
In the above case it means a few phone calls and a little work by the agent earns a $950 return … sounds like easy money.
If there is an agent looking for easy money then why not set yourself up to just do insurances for self managed SPs on a 50 – 50 commission basis. The agent makes easy money and the SP get a better deal …. win , win.