Lapsed License

If your real estate license lapses for any reason (failure to complete all required CE credits or failure to renew) you are to CEASE & DESIST ALL REAL ESTATE ACTIVITY INCLUDING SENDING & RECEIVING REFERRALS until you have renewed with GREC.  This means no contact with clients, no showing property, not writing or negotiating contracts, etc.  You will continue to be billed by Maximum One in anticipation of your prompt re-instatement.  If you do not renew within 30 days after your lapse, we will have to release your license from Maximum One.  If there are extenuating circumstance, please contact Dana Sparks if you are with MXGA or MXGR Dana@MaximumOneRealty.com or Tina Vliet if you are with MXEX or MXER  Tina@MaximumOneRealtors.com .

You are responsible for checking your own renewal dates and CE credits with GREC.

If your license lapses and you choose not to renew, any outstanding fees owed to Maximum One must be paid in full.

HUD Properties

Register at www.HUDHomestore.com

If you are submitting a bid on a HUD property, first thing is to check your brokerage affiliation registration at: www.HUDHomestore.com . 

Broker Permission Letters

 You will also need a letter from the Broker authorizing you to sign the contracts.  These letters are on the Extranet. 

HUD NAID Numbers & Corporate Information for Submitting a HUD Bid

Make sure that you use the proper NAID # when making the offer.  Below are the NAID Numbers and corporate names of our companies. Below are the NAID numbers and company corporate names:

·         Maximum One Realty Greater Atlanta (MXGA)

o   Corporate Name:  Greater Atlanta, LLC

o   NAID #: GRTRTL0360

o   Qualifying Broker: Arline Kubat

·         Maximum One Greater Atlanta Realtors (MXGR)

o   Corporate Name:  Maximum One Real Estate Group, LLC

o   NAID #: GRTRTL1947

o   Qualifying Broker: Sue Hudson

·         Maximum One Realty Executives (MXEX)

o   Corporate Name:  MX Realty Executives, LLC

o   NAID #: MXRLTY4997

o   Qualifying Broker: Ed Cordrey

·         Maximum One Executives Realtors (MXER)

o   Corporate Name:  MX Executives Real Estate Group, LLC

o   NAID #: MXEXCT5752

o   Qualifying Broker: Tina Vliet

Maximum One Realty Greater Atlanta (MXGA) Agents & Their Immediate Families are Prohibited from Buying or Having any Interest in HUD Properties

Maximum One Realty Greater Atlanta MXGA is a HUD Listing Broker (NLB / LLB) and therefore any agent in MXGA or their immediate family is prohibited from purchasing a HUD property.

·         NLB’s their employees, their agents company affiliates and subcontractors are not allowed to purchase any HUD properties or acquire any interest in any HUD properties

Handling Real Estate Transactions

All Agents must read and understand the GREC Rule on Handling Real Estate Transactions

Handling Real Estate Transactions: GREC Rule 520-1-.10

It is also included as Appendix 7 of the MX1 Policies & Procedures Manual

GAMLS Listings Rules & Regulations

Listing Properties in GAMLS

Maximum One is a member of GAMLS and you are required to enter your listings in GAMLS along with FMLS

GAMLS Rules & Regulations & Compliance Rules

All agents are required to read through these.  They are included as a separate appendix of the Maximum One Policy Manual and may be accessed online:

·         GAMLS Rules & Regulations: http://www.gamls.com/secure/forms/membership/GAMLS_RULES_AND_REGULATIONS_2013.pdf

·        

GAMLS Compliance Rules: http://www.gamls.com/secure/membership/index.cfm?Typ=Compliance

FMLS Listings Rules & Regulations

Listing Properties in FMLS

Maximum One is a member of FMLS & all properties for sale if MX1 has an Exclusive Listing Agreement with that Seller and the property is in an FMLS compulsory area MUST be listed in FMLS despite going under contract immediately.  FMLS is due a fee on any New Construction properties from the drywall stage forward.

FMLS Compulsory Areas

The compulsory areas are the following counties: Barrow, Bartow, Cherokee, Chattooga, Cobb, Dawson, DeKalb, Douglas, Floyd, Forsyth, Fulton, Gordon, Gwinnett, Hall, Haralson, Jackson, Lumpkin, Paulding, Pickens, Polk and Walton.

FMLS Rules & Regulations & Policies and Procedures

All agents are required to read through these.  They are included as a separate appendix of the Maximum One Policy Manual and may be accessed online:

·         Rules & Regulations: https://fmls.com/cf/PrintTemplate.cfm?Original=/support/RulesRegs.cfm

·         Policies &Procedures: https://fmls.com/cf/PrintTemplate.cfm?Original=/support/PoliciesProcedures.cfm

Errors & 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 and will not be pro-rated. This form supersedes any other documents pertaining to the payment of E&O Insurance.

Desk Rentals

Studies show that Independent Contractors are more productive when they actually get up in the morning and get ready and go to another location for work.  We want to help your productivity by offering monthly desk rentals at the Maximum One branches. Please contact your Branch Manager for current desk rates and ask about any seasonal specials.  After completing this form, turn this into your Branch Manager to send to Agent Billing  AgentBilling@eAGENTweb.com

 

Desk Rental Agreement

DESK RENTAL AGREEMENT-AGENTS

BRANCH LOCATION _____________________________________________________                           

OFFICE/DESK DESCRIPTION___________________________          DATE ____________

RENTAL AMOUNT  $_____________  AGENT NAME ___________________________

ALL PARTIES AGREE THAT THIS IS A MONTH TO MONTH LEASE, PAID IN ADVANCE AND WILL BE INCLUDED ON AGENT MONTHLY INVOICE.  EITHER PARTY MAY TERMINATE THE AGREEMENT IN WRITING WITH A FULL 30 DAY NOTICE.  TERMS AND DESK LOCATIONS SUBJECT TO CHANGE WITHOUT NOTICE.  AGENT IS RESPONSIBLE FOR OFFICE EQUIPMENT AND TELEPHONE SERVICES.  INTERNET AND ALL UTILITIES ARE INCLUDED IN DESK RENTAL.  UPON VACATING, AGENT WILL LEAVE DESK AREA AND OFFICE AS HE/SHE RECEIVED IT INCLUDING BUT NOT LIMITING TO TOUCH UP PAINT.  ONE BULLETIN BOARD MAY BE HUNG OVER DESK WITH ADHESIVE TYPE MOUNTING.  NO NAILS OR HOLES ALLOWED IN WALLS.  ANY OTHER WALL HANGINGS OF ANY NATURE MUST BE APPROVED BY BRANCH MANAGER OR OPERATING PARTNER.  FURNITURE MAY NOT BE TAKEN FROM ANY OTHER OFFICE OR COMMON AREA AND CANNOT BE SWITCHED OR TRADED WITH ANY OTHER OFFICE.  FOR SHARED OFFICES, AGENT MUST KEEP ALL PERSONAL BELONGINGS TO HIS/HER ½ OR 1/3 OF THE OFFICE AND KEEP OFFICE CLEAN AND FREE OF TRASH AND DEBRIS.  EATING IS NOT PERMISSIBLE IN AGENT OFFICES AND FOOD MUST BE CONSUMED IN COMMON AREAS TO PREVENT INSECT INFESTATION.  AGENTS MUST EMPTY GARBAGE CANS WEEKLY AND CARRY TO DUMPSTER.  JANITORIAL SERVICES ARE NOT PROVIDED.

________________________________________                                   ______________________

AGENT SIGNATURE                                                                                          Date Signed