In the fall of 2016, AREA’s At-Risk Commissions Working Group (ARC) contracted insightrix Research Inc. (insightrix) to conduct a study among its members.
Objectives of the research were primarily to gather Broker / Associate Broker, and Associate perceptions on commissions on a variety of factors including:
• timeliness of commissions paid and frequency of delays experienced • views on regulations regarding commission payout • interest in commission insurance • knowledge of where terms and conditions are / can be found • commission systems of payment used
To meet these objectives, a member study was conducted between November 22 and December 11, 2016. In total, 801 AREA members completed the survey (327 associated and 180 brokers) for a response rate of 7.7%.
Click here to review the compiled survey results.