<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1061566567187268&amp;ev=PageView&amp;noscript=1">
Skip to content

Conflict of interest for property manager to take insurance sales commission?


We are a self-managed board but I frequently meet with board members from other Associations that are managed. I recently learned that in addition to the management fees they pay, this particular management company has a licensed insurance agent and that they get 15% commission on a $60,000 policy. That's an additional $9,000 a year. This does not seem right to me. It is standard? Couldn't the board insist it be lower or the rates net of commissions totally?

Answers (13)

What are your thoughts on this topic? Please share your answers below. We ask that you remain respectful of each other, and be advised that responses are monitored.