Wednesday, March 17, 2010

Time is running out...

Remember that MLS fees are due no later than March 31st. Please do not confuse your MLS fees with your state, national and local dues. Invoices for association dues were mailed out October 1st but many of you chose to pay late with penalties,  well into February. Although you may have personally just paid your dues in January or February (invoiced in October) and then received an MLS invoice in January they are not one and the same.

Keep this simple schedule posted at your desk:

Association Dues to OKCMAR, OAR & NAR are $374- Invoiced in October last possible payment date without penalty January 20th (Dues are "due" only once per year and OKCMAR keeps only $125 the rest goes to your state and national association)

MLS Fees (which include lockbox key service) range with discounts but if you haven't paid yet (no pre-pay discount) and use lockboxes your semi-annual bill is $405 if you don't have a suprakey your bill is $300.  These invoices went out in January. The last possible payment date is March 31st. You get this invoice again in July and the last possible payment date September 30th.

If you did not pay your dues by the deadline it is possible you received another invoice for dues in January and your first invoice for MLS. These are two different invoices from two different corporations. If your plan is to continue in real estate don't risk losing this most valuable tool; your MLS services.

Click here to see if you have outstanding invoices. The best way to manage your payments is to pay them when they are invoiced, October, January and July this way you are not in the cycle of paying only to receive another invoice immediately after payment. For your MLS fees you can also opt to pay monthly by enrolling in auto-pay. There is no auto-pay option for dues as a result of the OAR and NAR payment requirements which OKCMAR must follow.

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