Article 3.8: Fees and Other Charges
Posted by MFRMLS Sat, 17 Feb 2007 23:58:00 GMT
Section 8. Fees and Other Charges: Fees are set by the MFR
A. Participant Application Fee: An Application Fee of $200.00 will be charged to any shareholder member broker or non-member broker joining as a Participant.
B. Participant Reinstatement Fee: A Reinstatement Fee of $200.00 will be charged upon reapplication to any Participant suspended or terminated for non-payment of fees or charges or who terminates their membership. All past due invoices must be brought current before reinstatement will be considered.
C. User Application Fee: An Application Fee of $75.00 will be charged to any shareholder user. This fee doesn’t apply to any Participant paying the Application fee to join.
D. Annual Participation Fee: An annual Participation Fee is assessed to Participants and non-member (“Thompson broker”) Participants based on the number of licensed salespersons, licensed or certified appraisers and broker salespersons who have access to and use of the Service, 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.
1. Direct User Billing: As a courtesy to Participants, Users licensed with them are billed directly for that portion of the Participant’s Annual Participation Fee attributable to them. However, Participants are ultimately responsible for payment of the total fee.
2. 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 $50.00 late fee for payments received June 16-June 30. Any payments received after June 30, will incur an additional $50.00 reactivation fee and
3. Suspension of Service to Participants/Users: Participants and/or their Users who fail to pay by the June 15th Due Date will have their individual services suspended on July 1. The account will remain suspended until their portion of the Participation Fees, Late Fees and reactivation fees are paid.
4. Termination of Participant: Failure of the Participant to ensure payment of the total Participation Fee and any Late Fees within 45 days after the due date will result in termination of the Participant’s membership and the immediate termination of service for the Participant and all Users in the Participant’s firm, including the Participant and any 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 shown in Section 8B above.
E. Miscellaneous Fees: These are any charges other than Annual Participation Fees such as fines, account activation fees, convenience fees, personal assistant access fees, ancillary service fees, late payment surcharges or any other fees charged to a Participant or User as set by the Board of Directors.
1. Late Payment Penalties: Failure to pay miscellaneous charges by the due date shall result in a one-time ten percent surcharge and suspension of the individual’s service once the account is 30 days past-due until the account is brought current.
2. Termination for Non-Payment: Failure of the Participant to ensure payment of the original miscellaneous fee invoices and/or surcharges within 45 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.
F. Ancillary Service Fees: Fees and charges for additional, optional or ancillary
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