› Flat Chat Strata Forum › The Professionals › SCs and strata managers › Insurance Commission what is standard? › Current Page
Good information as always Jimmy!
To reiterate though, I wasn’t in any way suggesting that our Plan’s last Strata Managers didn’t disclose their commission from our insurers; the percentage was clearly shown in the schedule attached to our Agency Agreement.
I don’t accept however that any Strata Manager (large or small) who now receives such a commission would be would reducing their current management fee by an equivalent amount. Although I can foresee the management fee increasing by that equivalent amount should the managers’ commission at some time be removed.
When I find a broker who will do the right thing by at least sharing their insurance commission 50:50 with our Owners Corporation, I’ll happily provide the details to Jimmy (I have until 12/12/13).