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Billing Detail

Quarterly Special Assessments

  • 1st Quarter - January, February, March
    Invoices are generated in December.  Due by January 20th
  • 2nd Quarter - April, May, June
    Invoices are generated in March.  Due by April 20th
  • 3rd Quarter - July, August, September
    Invoices are generated in June.  Due by July 20th
  • 4th Quarter - October, November, December
    Invoices are generated in September.  Due by October 20th

Invoices are emailed to each individual Member and Broker the month prior to the due date. There are many offices that now require that their agents pay their own Special Assessments,  Check with your office to see how they handle the payment for these.  They have been invoiced at the same time and due at the same time.  If your office does require that you pay these yourself, payments by check can be mailed to the Board Office and postmarked by the 20th of the Month,  log on to the Member side of faor.com and go to "Pay Dues Online"  to pay via credit card or stop in during office hours.  The Office Broker or Designated Realtor is ultimately responsible to make sure that these are paid on time.

Annual MLS Participation Fees

Invoices are emailed to each individual Member and Broker the month prior to the due date. There are many offices that now require that their agents pay their own Special Assessments,  Check with your office to see how they handle the payment for these.  They have been invoiced at the same time and due at the same time.  If your office does require that you pay these yourself, payments by check can be mailed to the Board Office and postmarked by the 20th of the Month,  log on to the Member side of faor.com and go to "Pay Dues Online"  to pay via credit card or stop in during office hours. This is an annual charge of $130.00.  Invoices are generated in June and due by July 20th. The Office Broker or Designated Realtor is ultimately responsible to make sure that these are paid on time.

Annual FAOR, National Association of REALTORS & Ohio Realtor dues

Invoices are generated in October and payment is due by November 30th.  These invoices are emailed to each individual Member and Broker.  You are responsible for paying these fees. Payments by check must be postmarked by the 30th of November, payments via credit card can be made through the Member side of faor.com "Pay Dues Online", or stop in during office hours. The Office Broker or Designated Realtor is ultimately responsible to make sure that these are paid on time.  The fees for 2020 Dues were as follows:  FAOR was $175, National Association of REALTORS was $185 and Ohio Realtors was $200.  It is possible that any of those fees may be raised for 2021. 

The Office Broker or Designated Realtor is ultimately responsible to make sure that these are paid on time.

 Other Fees

Below are fees for new agents.  You have 10 days to take care of these upon receipt of their license. Applications are available for the different types of membership under Forms.

  • MLS Initiation Fee - $200
  • FAOR Initiation Fee - $150
  • Ohio Realtors Initiation Fee - $50
  • License Fee - $140 plus tax

OFFER Loop Rules/Best Practices

(for linking, and avoiding 2 loops)

BUYING AGENT...

  1. Create a loop
    A.  If you have not created a loop
         1.  Click on the dotloop icon from the MLS listing, enter your dotloop login when prompted and proceed with creating a loop.  (LOOPIT)
              *  This will autofill data to the view details for you and link to the listing agents loop for easy offer 
         2.  Log into your dotloop account and click create loop, enter property address and select property from drop down menu options that says DOTLOOP and import data from listing agent's loop
              *  This will autofill data to view details for you and link to the listing agents loop for easy offer.
    B.  If you have already created a loop
         1.  Go to view details of your loop and under the property address section, enter property address or MLS # in search field, the select property from drop down menu options that says DOTLOOP and import data from listing agents loop.
                  *  This will autofill data to the view details for you and link to the listing agents loop for easy offer.
    *   Once you have linked to the listing agents loop, when you share documents, your documents will be added to a new folder in their loop instead of creating a second loop.
    *   Once you have linked to the listing agents loop, if the listing agent has created a public folder, your loop will receive a folder with documents shared by the listing agent.

  2. Click 'VIEW DETAILS'
    -  work your way down the page- this data autofills to your forms
                  *  Add photo
                  *  Loop type and status
                  *  Add people and assign their roles (don't forget yourself)
                         -  Email address required to eSign/Cell phone required to text from app
                         -  Don't add to team!
                         -  Send intro with message only to test email address
                  *  Property Address MLS # etc.  If not already imported from MLS or Listing Agent Data.
                  *  Click 'SAVE' then click 'BACK TO LOOP' when done with this page
  3. Add documents
    a.  Rename folder, select documents to add to loop
    b.  Click check box to select documents to Open & Prepare
    c.  Review Autofill fields for accuracy and continue
    d.  Complete remaining fields, review documents for accuracy, review signature fields for proper assignment.  Save when done.
  4. Click Share
    a.  Choose who to send to, set permissions, enter a message, PDF attachment if applicable
  5. Merging...
    *  Sorry, you really can only merge if both loops have all the same people or nothing has been shared.
    *  If you have more than one loop, copy documents over to the linked loop and archive the other loop you do not want to use.  Be sure you set your filters to hide archive
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