As a caveat to “An independent Case Broker Tells…They Never Sell” it must be emphasized here (and it will be again) that you, as an independent Case Broker, should never take money from an Applicant while you are helping out the Applicant…never. This means that you never take a personal commission or some kind of a retainer or just a little something for “helping them out”.
You never want to be owing or directly responsible to the
Applicant. If you are paid anything by an Applicant, then suddenly you can be perceived by them as being
financially responsible for anything that happens in their quest for the upfront money. You never want this to happen.
If you have been paid by them and their request for the advance money fails (one reason could be that they did not provide you with some vital information concerning their case, such as they were the one that actually caused the accident), then they will expect you to refund the money they paid you. Your innocent words during your conversations with them will be twisted in their minds to rock-solid guarantees that you gave them.
Not accepting any money from the Applicant (and why they are just called an “Applicant”) is so important that it is a fundamental element and an essential characteristic of being an independent Case Broker, but it is also a protective shield for you. You don’t owe them anything and they don’t owe you anything and that is why you don’t have or need a contract with the Applicant…only the advance company does. And that is why it’s only a conversation with the injured party.
But the advance company won’t be the only party that might have a contract with the injured party. Their lawyer might, if they have a lawyer.