Comments on: Arizona – Insurance & Mortgage?

By: mbrcatz

mbrcatz — Thu, 20 Aug 2009 00:10:42 +0000

You’re going to have to get LICENSES to sell insurance and broker mortgages, AND, you’ll have to get E&O for both lines, AND, you’ll have to find companies willing to let you sell their insurance. The last, for someone who’s only doing it as a sideline, will be almost impossible.

You’re best off passing the tests & getting the license, then getting into a broker arrangement for a commission split with a local, independent agent. You’d probably make about 8% of the annual premium for each policy – so how much you make, would depend on how many policies you sell. For homeowners.

Keep in mind, many states won’t allow you to have an insurance license, AND a mortgage license – it’s a conflict of interest.

By: primericaisbad

primericaisbad — Thu, 20 Aug 2009 00:10:42 +0000

It IS legal in AZ.

However, you would be surprised at how much business you’ll lose all around because clients will be nervous about a few things:

-Jack of all trades, master of none?
-They feel they’re putting too much trust in one person for some very large financial decisions.

Take it from someone licensed in both, just pick one and run with it. The added time/expense you take isn’t worth your investment.

By: Hebert W

Hebert W — Thu, 20 Aug 2009 00:10:41 +0000

I found a online directory of Arizona insurance agents. http://www.findinsuranceagency.com/Arizona-Insurance-Agents.html I’d try visting a few of them and see if they can assist you. A licensed agent should be able to help.