Captive Agent

Definition of "Captive agent"

Paul Van Zandt
Paul Van Zandt Realty Professionals of Texas

Representative of a single insurer or fleet of insurers who is obliged to submit business only to that company, or at the very minimum, give that company first refusal rights on a sale. In exchange, that insurer usually provides its captive agents with an allowance for office expenses as well as an extensive list of employee benefits such as pensions, life insurance, health insurance, and credit unions.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ