Thursday, December 4, 2014

Agent Billing

Agent Billing

Timing of Agent Bills

Agent Bills are issued on our about the 10th of each month; they are due on the 20th of each month; they are late after 5pm on the 1st of each month.  Agent bills are sent out for the upcoming month – so a bill you receive in January is for the month of February

Payment of Agent Bills

You may pay your monthly bill by check or Credit Card.  There is a nominal processing fee for paying by card.  A Late Fee of $75 will be added to your monthly bill if the funds are not received prior to 5pm on the 1st of the month.  Paying your monthly bill with a deduction from your commission is not an acceptable method to pay your monthly fee.

Outstanding Balance

If you have an outstanding balance on your Agent Bill and you have a closing, Maximum One will deduct your outstanding balance amount and any additional late fees from your commission check.

Monthly Bills Accrue Despite Your Transactions

You still owe Maximum One your monthly fee regardless of the amount of real estate you sell or lease.  This is a monthly obligation despite your business.

Exiting from MX1


If you choose to leave Maximum One between the 1st – 19th you will not be responsible for  the monthly bill you will have just received on the 10th . If you leave between the 20th – 31st, you are responsible for the monthly bill you have just received on the 10th .  If you leave Maximum One and have an outstanding balance, you are responsible for that payment regardless of your Brokerage affiliation.

Saturday, April 19, 2014

Working with the Public: Client or Customer


At Maximum One, you may work with the Buying & Selling public as either a CLIENT or a CUSTOMER… your choice!  The Maximum One Requirement is that you turn in (upload to Paperless Pipeline)  the appropriate paperwork which corresponds with your relationship with the public.  BRETTA requires that if you are working with the public as a CLIENT, you are required to sign an Agency Agreement with that person.

So if you are working with the Buyer as a CLIENT then you must have a Buyer Brokerage Agreement signed; if you are working with the Buyer as a CUSTOMER, then you must have a Customer Acknowledgment signed.

This is true for any public with whom you work:
Seller Client – Listing Agreement
Seller Customer – Authorization to Show Unlisted Property
Landlord Client – Lease Listing Agreement
Landlord Customer – Authorization to Show Unlisted Property
Tenant Client – Tenant Brokerage Agreement

Tenant Customer – Customer Acknowledgement

Property Management at Maximum One

Maximum One – Agent as Property Manager 
  • Maximum One no longer engages in Property Management.  Agents are prohibited from managing property for the any properties that are not owned 100% by the agent.

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.

Saturday, December 21, 2013

Required Contracts CE Class

Beginning in 2014, all Maximum One agents are required to take at least one Contracts CE class annually.