With 30 yrs P & C experience I have never seen such a smug , cocky group of so called successful people. go after Shaun Lowery, he’s the key to what goes on in Overland Park
Let me just say that nothing has changed since I purchased (and then sold) a Broke Financial Services agency several years ago. How they continue to sucker agents into their system is beyond me. It is a no-win situation for new OR seasoned veterans between the exorbitant franchise fees and then the on-going skimming of commissions. The only way they can get someone to sign is with their “friendly” financing they offer. Please…..if you can’t get traditional financing then you have no business buying a half million dollar agency.
I will tell you this. I have never represented a fine company as ERIE. They gave me a chance as a scracth agent, and I know they won’t ***** themselves. They are great to work with, and recommend you contact them. They are 100% committed to the agent! Great company and underwriters.
I am an agent that has filed a lawsuit against Brooke for the same reasons as this agent. Sounds like alot of us have the same story. I wonder why Brooke can continue to do this and their reputation never seems to get out to the public?
Sounds like more people in a suit than the measily 12 mentioned, just from the comments in this article! You know the old addage – if it looks too good to be true…
But what about the carriers? Just goes to show they are scavengers which will beg business any way than can, except to appoint the hardworking principal of a new agency.
I’m a HO Brooke employee! They think I drank the Kool-aid, well guess what I didn’t.
I will soon contact many of you for my inside info-it’s real good, I mean super good for all franchisee’s.
Be in touch!
NEGATIVE PUBLICITY!!! Why do you think Brooke puts arbitration/mediation in all of their contracts? Because they do not want the publicity of a jury trial.
Not 15 minutes after this hit the yahoo – BXXX message board we get a message from our regional Brooke “genius”. The email was a puff piece that basically says “lawyers are bad, we are a great company, and we have a report from the Louisiana Department of Insurance to prove it.” Yea, I’m sure that was a real thorough investigation. Didn’t the last 3 or 4 Louisiana Insurance Commissioners go to jail?
I don’t know much about Brooke other than I personally know producers that sold successful indepedent agencies to Brooke and then gone and re-started other non-Brooke agencies.
I don’t get it though- no brand recognition in Brooke- no commercials, etc. What is the lure? Why do people sell out to Brooke? I want a Brooke agent to tell me why??
Kramer, you are correct that there is no branding and really few “franchise benefits”. Their lure is pretty simple: 1) They offer financing and way for agents to buy-in with little or no money and 2) they promise markets for individuals that think they can’t acquire markets on their own. In other words, it’s a quick start-up. For agents that have resources, industry knowledege & experience, and know how to sell insurance, Brooke has nothing to offer. Brooke preys upon agents that don’t have these characteristics and thus a two-fold problem is created – a business model that is flawed and an agent base that is not prepared for the task at hand.
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With 30 yrs P & C experience I have never seen such a smug , cocky group of so called successful people. go after Shaun Lowery, he’s the key to what goes on in Overland Park
Let me just say that nothing has changed since I purchased (and then sold) a Broke Financial Services agency several years ago. How they continue to sucker agents into their system is beyond me. It is a no-win situation for new OR seasoned veterans between the exorbitant franchise fees and then the on-going skimming of commissions. The only way they can get someone to sign is with their “friendly” financing they offer. Please…..if you can’t get traditional financing then you have no business buying a half million dollar agency.
Hey local,
I will tell you this. I have never represented a fine company as ERIE. They gave me a chance as a scracth agent, and I know they won’t ***** themselves. They are great to work with, and recommend you contact them. They are 100% committed to the agent! Great company and underwriters.
I am an agent that has filed a lawsuit against Brooke for the same reasons as this agent. Sounds like alot of us have the same story. I wonder why Brooke can continue to do this and their reputation never seems to get out to the public?
Sounds like more people in a suit than the measily 12 mentioned, just from the comments in this article! You know the old addage – if it looks too good to be true…
But what about the carriers? Just goes to show they are scavengers which will beg business any way than can, except to appoint the hardworking principal of a new agency.
BROOKE IS THE ANTI-CHRIST.
THE END IS NEAR, SAVE YOUR SOULS, GET OUT.
I’m a HO Brooke employee! They think I drank the Kool-aid, well guess what I didn’t.
I will soon contact many of you for my inside info-it’s real good, I mean super good for all franchisee’s.
Be in touch!
NEGATIVE PUBLICITY!!! Why do you think Brooke puts arbitration/mediation in all of their contracts? Because they do not want the publicity of a jury trial.
Not 15 minutes after this hit the yahoo – BXXX message board we get a message from our regional Brooke “genius”. The email was a puff piece that basically says “lawyers are bad, we are a great company, and we have a report from the Louisiana Department of Insurance to prove it.” Yea, I’m sure that was a real thorough investigation. Didn’t the last 3 or 4 Louisiana Insurance Commissioners go to jail?
I don’t know much about Brooke other than I personally know producers that sold successful indepedent agencies to Brooke and then gone and re-started other non-Brooke agencies.
I don’t get it though- no brand recognition in Brooke- no commercials, etc. What is the lure? Why do people sell out to Brooke? I want a Brooke agent to tell me why??
Kramer, you are correct that there is no branding and really few “franchise benefits”. Their lure is pretty simple: 1) They offer financing and way for agents to buy-in with little or no money and 2) they promise markets for individuals that think they can’t acquire markets on their own. In other words, it’s a quick start-up. For agents that have resources, industry knowledege & experience, and know how to sell insurance, Brooke has nothing to offer. Brooke preys upon agents that don’t have these characteristics and thus a two-fold problem is created – a business model that is flawed and an agent base that is not prepared for the task at hand.