Checks Payable to or Written From Maximum One
Stopping Payment on a Check
If Maximum One has to stop payment on a check, there is a
$35 fee placed on the Agent’s monthly bill.
The agent may recover that fee from the client or co-op agent.
Client / Customer Checks that are Returned by the Bank
If Maximum One receives a check returned by the bank, there
is a $35 fee placed on the Agent’s monthly bill. The agent may recover that fee from the
client.
Checks made Payable to Agent Directly
If a Client / Customer makes a check payable directly to the
Agent rather than to Maximum One (i.e. Earnest Money, Security Deposit,
Retainer Fee, Rent, etc.) you MUST RETURN that check to the client and have
them write a new check payable to Maximum One.
You are prohibited by License Law from depositing THAT check into your
account and then writing a check yourself to Maximum One.
