Monday, March 24, 2014

Errors & Omissions Insurance

Errors and Omissions Insurance

Having your Real Estate license without Errors and Omissions Insurance is like driving a car without auto insurance.  The cost of this is $187/year.  To ease the burden, we have established several different payment options for Agents; however, paying in full is most economical.  Your options are:


  • Option 1: Pay in full on your first monthly bill (total paid will be $187)
  • Option 2:  Three monthly installments of $69 (total paid will be $207)
  • Option 3:  Twelve monthly payments of $19 (total paid will be $228)


By signing below, I acknowledge that these fees will be added to my monthly bill according to which option I have chosen.  I authorize Maximum One to charge my credit card on file, if deemed appropriate, and in accordance with the terms of the “Credit Card Authorization Form”.  I understand that the option I am choosing shall become recurring every anniversary unless I make a change in writing. E&O Insurance is non-refundable.

This form supersedes any other documents pertaining to the payment of E&O Insurance.

Wednesday, March 5, 2014

Marketing & Advertising

Marketing/Advertising
·         You are required to review the GREC advertising rules & regulations:  Complete rules on advertising can be found in Rule 520-1-.09  www.grec.state.ga.us
·         All advertising (print media, signs, website, e-mail, business cards, Craigslist, Facebook, etc...) by an affiliate licensee must be done in the name of firm and under the supervision of the broker.  When a licensee advertises a specific property or properties for sale, for rent, or for exchange, the name of the licensed firm offering the property must appear in equal or greater size, prominence, and frequency than the name or names of any affiliated licensees or groups of licensees. Additionally, the telephone number of the firm must appear in equal or greater size, prominence, and frequency than any telephone numbers of any affiliated licensees or groups of licensees.  See also Rule 520-1-.09
·         All marketing materials must be approved by your Broker or the Managing Broker
·         Logos can be found on the Extranet


GREC Advertising Guide
·         ALL Advertising (Including Specific Property)
o   Is Not Misleading
o   Does Not Discriminate
o   In the Name of the Broker
o   Reviewed & Approved by the Broker
·         Advertising Specific Property (House, Apartment, Subdivision, Condo, Land, Etc.)
o   REQUIRED
§  Broker’s Name equal or greater size, frequency or prominence than agent(s).
§  Broker’s telephone number is equal or greater size, frequency or prominence than telephone number of agent(s).
o   OPTIONAL
§  Affiliate Licensee(s) or Team Name
§   Telephone number other than broker
§  E-mail/Web address
·         Advertising Licensee-Owned Property
o   Written notification to Broker
o   Broker’s written consent & approval
o   Includes appropriate licensee disclosure
o   Complies with Rules on advertising specific property



Proposed Rule (520-1-.09) Change (February 18, 2014)
 This Rule is being promulgated pursuant to O.C.G.A. §43-40-2(e). This Rule will become effective May 1, 2014.

In addition to the unfair trade practices found in O.C.G.A. §43-40-25 (b) (1), (2), (11), (12) and (21) or any other requirements found in this Rule, any advertising on the Internet by a licensee of real estate for sale, rent, lease, or exchange shall disclose the name and telephone number of the licensee's firm on every viewable web page of a website except as herein otherwise provided. (a) When advertising in electronic messages of limited information or characters, a licensee shall provide a direct link to a display that is in compliance with this Rule. (b) When advertising real estate for sale, rent, lease or exchange on an internet website not owned or controlled by the licensee or firm with which the licensee is affiliated and that website's terms of use limit the licensee's ability to comply with this paragraph, the advertising shall provide a direct link to a display that is in compliance with this Rule on every viewable webpage of the website. (c) Information on a website maintained by a licensee that is outdated shall be updated or removed from the website within thirty (30) days of the information becoming outdated. (d) if a licensee's website is maintained by an authorized third party (other than its firm or its franchisor’s webmaster), the licensee shall provide to the third party, a timely written notice, by mail, fax, or electronic means, of any updates to outdated information or information to be removed from the website, so that such updates or information removal may be accomplished in accordance with this Rule. A licensee who provides such timely notice shall not be in violation of this Rule if the third party fails to effect an information change as notified. (e) The requirements of this Rule apply to advertising and information on a website that is within the licensee's ownership or direct control. No licensee shall be responsible for any information taken from the licensee's website, or other advertising, if placed on a website, or in other advertising outside the licensee's ownership and/or direct control and without the licensee's consent.

(10) Notwithstanding any other provision of this Rule, a licensee shall make every reasonable attempt in advertising to assure the public knows that they are being contacted by a licensee.


Commission Advance



As of March 20, 2014, Maximum One Realty will 
No Longer Approve of Commission Advances.