Criteria for mandatory listings and fee information are outlined below:
- Residential zoned building or vacant lot (examples include duplex, triplex, quads, residential development lots, properties with a zoning meant for residential use) within counties Barrow, Bartow, Cherokee, Chattooga, Cobb, Dawson, DeKalb, Douglas, Floyd, Forsyth, Fulton, Gordon, Gwinnett, Hall, Haralson, Jackson, Lumpkin, Newton, Paulding, Pickens, Polk, Rockdale and Walton
- Closings: .0012 x Contract Sales Price
- Rentals: One-time fee depending on monthly lease amount (<$1,499 = $15; $1,500-$2,499 = $25; $2,500-$4,999 = $50; $5,000-$9,999 = $100; $10,000-$19,999 = $150; >$20,000 = $200)
- Withdrawals: $25
- Duplicate Listings (listings entered into two different property types for the same property): $35
- Shadow Listings (adding a secondary area to the listing so that it appears in multiple search areas in Matrix): $40
Please enter these costs into forms when you turn in a contract and closing. The costs will be deducted from the gross commission.
Penalties:
Rule 20 - Specific Penalties for Infractions of Certain FMLS Rules and Regulations
- 20.1 The following specific penalties, in lieu of those set forth in Rule 19, may be imposed by the Board for infractions of certain rules and Regulations:
- A penalty not to exceed $25.00 per day (up to a maximum of $500.00) may be imposed on the listing Principal Member for failure to input a listing into the FMLS computer system as required by these Rules and Regulations.
- A penalty not to exceed $25.00 per day (up to a maximum of $500.00) may be imposed on (i) the listing Principal Member for failure to report to FMLS by entry into the FMLS computer system the sale or pending sale of any listing as required by Rule 14.1, and/or (ii) the selling Principal Member for failure to report to FMLS on the appropriate form the sale or pending sale of any listing as required by Rule 14.1.
- A penalty in the amount of the FMLS Fee may be imposed on the Principal Member who passes on a separate charge to a buyer or seller constituting the FMLS Fee due related to a transaction for the sale of property listed with FMLS.
- If a Principal Member fails to pay any fine imposed pursuant to this Rule within one month of the date due, the Board may suspend FMLS' services to such Principal Member until all fines are paid in full or other arrangements satisfactory to the Board are made.
- Repeated willful violations of any provision of subparagraphs (a) through (d) of this Rule are subject to the penalties prescribed in Rule 19.
- A fine not to exceed five hundred ($500.00) may be imposed in connection with any one violation of subparagraphs (a) through (d) of this Rule.