Agents
What is an Agent and What are Their Responsibilities
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Also known as a ''Financial Advisor'' a agent helps their clients to become financially successful as possible. Ex. Athlete, Model, Singer, or citizen. To do this we must meet with the client's and analyze their financial state, and problems. When we have this info we have to come up with a objective or plan that will improve an agent's client's financial situation. They also help out with future investments. |
Types of Agents
Sports Agents
This type of agents helps endorse a contract for a athlete.They are responsible for communications of team owners, managers, coaches, and others. And they are to make a opinion on a decision.Large sports agencies like IMG,Creative Artists Agency,and Octagon, are some tasks agents deal with for clients finance's. Because of contracts some sports agents have a background in contract law or there a lawyer.There are some important skills you have to have to be good sports agent. Like so, finance, business management, financial and risk analysis, and as well as sports.In the NFL agents are not allowed too have more than 3%,and int the NBA your not allowed to have more than 3%. Agent's usually receive between 4 and 10% of the athlete's playing contract, and 10 to 20% for the athlete's endorsement contract.
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Actor Agents
Is also know as a talent agent or a booking agent is a person that finds jobs for actors,authors,film directors, musicians, models, film producers, professional athlete's, writers, screen writers, broadcast journalists, and other entertainment and broadcast business.A talent agent makes a decision on his or clients decision.Talent agents specialize on there clients profession.Having a agent is really not required for actors and more,but if you want a better job i would prefer to have one.In California, talent agencies have been working with lucrative contracts,so that have to be licensed by the California Labor Code.
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Music Artist Agents
A music agent is a person that book's shows or gigs for bands.This agent usually talks to promoters about shows, sign contracts for performances, and basically make sure the wheels on the tour bus turn right. The agent will work with promoter for sound check,end of show payment.
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