Double Dipper - fee + comission = trouble?

[TheInsKid]

Let's see if this is as easy as it sounds. A TX agent writing a NV based risk, the key here is what a court of law would say about which state law would apply. NV has very specific rules and regs concerning commissions and fees while TX does not have much on this issue. The 2nd item would be are you appointed by the insurance company or not? If you are appointed, then you have the issue of being an agent for the company. If you do not have an appointment then you would in most cases be considered a broker and represent the client. If you had a service fee or policy fee agreement with the client and outlined your services, you would be much better off. You have the client signing off on what you are charging and for what services, then it is much easier to win the argument. Charging both may raise and most likely has raised more questions about business practices and if NV or TX laws apply.

[houstonagent]

could we get a general idea of how much the fee was? thanks....

[KPTEE]

He/She won't get specific except that it is more than NV law allows.

[Rob]

He/She won't get specific except that it is more than NV law allows.

Well, the original question was does the broker have an obligation to return the fee because it was excessive? If it is more than NV law allows then I think the answer is pretty clear.

[KPTEE]

I don't think he/she thinks it is that clear, Developer is asking for the money back, not all of it, just some of it.

[Rob]

I don't think he/she thinks it is that clear, Developer is asking for the money back, not all of it, just some of it.

Ok, so give back an amount that then makes him legal.

[KPTEE]

THANKS TO ALL OF YOU THAT REPLIED.