Agents and brokers could be in for a record-breaking year of profitability in 2014 after posting their highest-ever first quarter profitability results, according to Atlanta, Ga.-based Reagan Consulting group.

Profitability as measured by pro forma EBITDA — earnings before interest, taxes, depreciation and amortization — margins jumped a whopping 200 basis points to a record of 29.9% in the first quarter of this year, up from 27.9% during the same period in 2013, according to Reagan Consulting’s Organic Growth and Profitability Survey.

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