3. Commission compensation: Friedman: “The agreement should contain a list of all compensations. This list includes withdrawals, commission reminders, refunds from customers, refunds. When deducting commissions, you can answer these questions: The registration process begins and is located in our “Agent Portal,” which is only our Gateway Travel agent site. Once you`ve logged into Gateway Travel, you have access to these features and you can participate in the sub-agent program. Peter Lobasso with ASTA shared a lot of incredible information about the contracts of independent travel agencies. But I would like to be particularly clear about the fact that this article concerns contracts between independent travel agencies (ICs) and host agencies. No agency contracts with suppliers. Not contracts between agencies and consortia. Not the contracts between travel agencies and their employees. So if you`re an IC or a host agency curious to find out more about this type of travel agency contract, you`re in the right place! Yes, your sub-agents sign a gateway travel contract as well as a contract for your agency if you decide to fork out with your own brand.
We will provide you with a general contract if necessary. Five states have Seller of Travel (SOT) are state laws that regulate people who sell trips (yes, it`s you!). These laws provide consumer protection and a lot of bureaucracy for consultants. SOT laws are complicated . . . and if you live or sell to FL, WA, IA, HI or CA customers, it is imperative that you meet your respective SOT requirements. In the proceeding, one of the parties opposes the renewal of this agreement that concludes the agreement at the time of decline. A few years ago, travel lawyer Mark Pestronk wrote an article for Travel Weekly that describes 12 contractual issues to consider in independent travel agency contracts with host agencies.
This information is always up to the test! Perhaps it is obvious that you should have a contract with your host agency. But if you`ve never sold trips as an independent contractor (IC), how will you know? Now do it because you`re here! Currently, only those who have chosen 70% or more commission in their agent packages are able to have sub-agents. The travel agency should maintain in good condition all materials and real estate included in this travel agency contract. At the company`s request, the travel agency presents proof of insurance for each month during the duration of this travel agency contract. All third parties participating in this agreement must be sold and maintained by the company. At the end of this agreement, the parties may agree to extend the period by one year from the completion date. As I said, I am far from a lawyer. I would like to express my sincere thanks to Peter Lobasso (a real lawyer) and Jackie Friedman (President of the Nexion Travel Group) and to my appreciations, who have generously offered their industry expertise! A special thank you also goes to Mark Pestronk, who has provided us with a standard contract that you can use for your own purposes! Thanks three for sharing business secrets (and that I seem 100x smarter than I really am when it comes to travel agency contracts).