Newly licensed realtor, questions about insurance, splits, etc.

[Jack B.]

70/30 splits with 70% coming to me until Firm get's paid 17.5K at that point I'd get 100% commissions.

No monthly desk fee's, technology fee's, office fee's etc. 

Processing fee $250

CIBA charges paid by me (what is this?)

Signage costs paid by me? 

1 million dollar auto insurance policy? I currently have 500K auto liability with an umbrella policy over the 1 million dollar amount. 

Does all of this seem reasonable/a good deal??