You have QUESTIONS, we have ANSWERS.
How much money can I earn as a Certified LocalLoop Agent?
Do I have to quit my job while I’m in the Agent Opportunity process?
How many days of work should I take off to continue in your process?
Do I need a college degree?
Does LocalLoop pay for my training?
What are the specifics of Agency Training?
When can I open an agency?
Can I select my agency location?
How do I determine the location of my office?
Does LocalLoop provide training for agents and their teams?
Do I have the opportunity to incorporate my agency?
How do I file taxes?
How much money can I earn as a Certified LocalLoop Agent?
As a Certified LocalLoop Agent, there is no limit to your income potential. Owning your business means you’re in control of your own personal destiny. LocalLoop agents are nicely rewarded for their work. At LocalLoop, we recognize that our agents are the face of the Company, and because of this critical position, they receive some of the best compensation and benefits available.
Do I have to quit my job while I’m in the Agent Opportunity process?
No, you are not required to quit your job to go through the approval process.
How many days of work should I take off to continue in your process?
Time off may vary as you move forward. Please work with your Agency Recruiting Coordinator on specific days and dates.
Do I need a college degree?
Yes, a 4-year college degree is required to become a LocalLoop agent.
Does LocalLoop pay for my training?
Yes, LocalLoop will pay for all the direct costs of your training. However, there is no compensation for the time it takes for the prospective agent to complete the training program.
What are the specifics of Agency Training?
Agency Training includes approximately 2 to 4 weeks of Certification training, and field development activity (hands-on experience with an existing LocalLoop agent). Agency Training focuses on:
- The LocalLoop Company Story
- In-depth Free and Ambassador Certification Training
- Product and Service Demo Training
- Product and Service Fundamentals
- Foundational Business Skills
- Being a Leader
- Business Planning
- Team management and Development
- LocalLoop Business Systems Training
- Activities and Expectations
- Final Assessments
- Agency Preparation Training
When can I open an agency?
After becoming a Certified LocalLoop Agent, you can compete and be selected for a specific territory. You will be required to complete our Agent Candidate Program and Agency Training prior to opening your agency.
Can I select my agency location?
Once you are a Certified LocalLoop Agent, you can choose from available territories or compete for opportunities when they become available in the market area(s) of interest to you. In addition to traditional opportunities, like those created when a LocalLoop agent retires, there are also new market opportunities in areas where strong growth is projected. Another agency scenario offers a combination of traditional and new market opportunity features. There are also opportunities Certified Agents to purchase the books of business from other Certified LocalLoop Agents.
How do I determine the location of my office?
Once selected for an opportunity, you will work with Agency Leadership to determine the location of your office.
Does LocalLoop provide training for agents and their teams?
Yes, LocalLoop has ongoing training available to agents. Team member training is also available at a cost.
Do I have the opportunity to incorporate my agency?
That is up to you. LocalLoop contracts solely with individuals and expects agents to hold themselves out to the public as individual agents of the Company. LocalLoop will not control how agents structure their business operations and cannot provide counsel on how to structure business operations. How do I file taxes?
As an independent contractor, you need to work with your own accountant or tax professional.
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