Article 3.8: Fees and Other Charges
Posted by MFRMLS Sat, 17 Feb 2007 23:58:00 GMT
Fees are set by the MFRMLS Board of Directors to offset the annual costs of operating the service and are subject to change from time to time. “On-time payment” is defined as "having been received by the close of business on the Due Date at the regional service center or a local service center."
- Participant Application Fee: An Application Fee of $125.00 will be charged to any shareholder member broker or non-member broker joining as a Participant.
- Participant Reinstatement Fee: A Reinstatement Fee of $125.00 will be charged upon reapplication to any Participant suspended or terminated for non-payment of fees or charges or who terminates their membership.
- Annual Participation Fee: An annual Participation Fee is assessed to Participants and non-member Participants based on the number of licensed salespersons, licensed or certified appraisers and broker salespersons who have access to and use of MFRMLS, whether licensed as a broker, salesperson or a licensed or certified appraiser, and who are employed by or affiliated as an independent contractor with the Participant.
- User Direct Billing: As a courtesy to Participants, Users are billed directly for that portion of the Participant’s Participation Fee attributable to them. However, Participants are ultimately responsible for payment of the total fee.
- Due Date: Annual Participation Fees are due by close of business on June 15th each year. Participants or Users whose payments are received after this date will incur a $40.00 Late Fee.
- Suspension of Users: Participants and/or their Users who fail to pay by the Due Date will have their individual access immediately suspended until their portion of the Participation Fee and the Late Fee are paid.
- Termination of Participant: Failure of the Participant to ensure payment of the total Participation Fee and any Late Fees within 90 days after the due date will result in the Participant’s membership termination and immediate termination of service for the Participant and all Users in Participant’s firm, including the Participant and any such Users who may have paid their individual portion of the total fee. Participants terminated for non-payment may regain membership by settling any outstanding fees or charges and paying the Reinstatement Fee.
- User Direct Billing: As a courtesy to Participants, Users are billed directly for that portion of the Participant’s Participation Fee attributable to them. However, Participants are ultimately responsible for payment of the total fee.
- Miscellaneous Fees: These are any charges other than the Participation Fees such as fines, LoginKeys, activation fees, convenience fees, ancillary service fees, late payment surcharges or any other fees charged to a Participant or User as determined by the MFRMLS Board of Directors. Access will be suspended for any User who has miscellaneous charges over 30 days past due and remain suspended until brought current and the Participant notified. Failure to pay the original invoice and late fee within 90 days of the due date shall result in access for the Participant and all Users being suspended until paid. The Participant is ultimately responsible for the payment of all fees for Users in their firm. Unpaid fees by the Participant or User may result in suspension of service for the entire office.
- Late Payment Penalties: Failure to pay miscellaneous charges by the due date shall result in a one-time ten percent surcharge and suspension of that individual’s MLS access once the account is 30 days past-due.
- Termination for Non-Payment: Failure of the Participant to ensure payment of the original invoices and/or surcharges within 90 days of the due date shall result in the Participant and all Users in Participant’s firm being terminated. The Participant is responsible for payment of all fees for Users in their firm.
- Late Payment Penalties: Failure to pay miscellaneous charges by the due date shall result in a one-time ten percent surcharge and suspension of that individual’s MLS access once the account is 30 days past-due.
- Ancillary Service Fees: Fees and charges for additional or ancillary MLS services are determined by the MFRMLS Board of Directors and billed to the Participant or User at the periodic payment interval established by the MFR Board of Directors.
- Personal Attention Fee: A $10 Personal Attention Fee will be added by MFR and all local Service Centers to any payments made by phone, fax, in person or e-mail to defray the costs associated with manual processing. There is no fee charged for payments made on-line through the MFRMLS web site.
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