Join  |  Login  |   Cart    

Notary Rotary
Just PoliticsLeisure
Welcome to the Notary Talk General Discussion Forum. Before posting, please read the

You are replying to this message:
 Re: New to Notary
Posted by  Yoli/CA on 4/26/17 9:27am

Depends on what notarial act you're asking about. HOWEVER ... first and foremost ... you must follow your State's notary laws. Here's the link to the New Jersey Notary Manual:

http://www.state.nj.us/treasury/revenue/dcr/geninfo/notarymanual.shtml

If you're asking about a complete real estate transaction, you may want to do some research here. There's plenty to learn. Remember, this is <<your>> business. <<You>> set your fees. The hiring party may offer a fee. It's up to you to determine if that fee is within your business plan or you can counter-offer with what works for you.

To conceptualize what fees work for you, take everything into consideration: cost of equipment and maintaining it (printers, computers, scanner, cell phones, vehicle, etc.); office supplies; taxes; utilities to run equipment; fuel for vehicle; insurance; cost of becoming notary; cost of bonds; cost of background checks; etc, etc. Again, there's been much discussion here that will be of much help to you. Finally, you may consider contacting SCORE for guidance.

Personally, what works for me: My base edoc fee is $125 for package no more than 130 pages, travel within a 15 mile radius. Larger package = larger fee. Longer distance = additional fee. Scan-backs = additional fee. Spanish required = additional fee. More than 3 signers = additional fee. Reverse mortgage = additional fee due to usually requires additional time at the signing table. E-signing = additional fee as it requires additional equipment at signing table. Now, this is what works for ME in Northern California (Sacramento area). It may not work for notaries in Southern California or New York where cost of living is higher and traffic is worse. My fees haven't changed much since 2006. That's another thing to keep in mind. Once you set your fees, hiring companies keep that fee in their database and are reluctant to increase it. Therefore, try to not go too low. (just my personal suggestion)

Good luck! Smile
Important Notice

At this time, you must be signed-in to Post a Message to the Notary Talk Discussion Forum.

In order to sign-in, you must have a Notary Rotary™ membership. Basic Membership is free. Basic Members should update their profiles at least every 6 months to prevent them from being deleted.

If you do not already have a membership, click the Join link above. After creating your profile, you should log in and update it from the My Profile page. If you do not want your information displayed to others (e.g. advertised under Find a Notary), you can hide it by checking the "Hide profile from searches" box.

If you already have a profile, click the Login link above to sign-on. If you have forgotten your password, follow the directions on the login page.

 
Find a Notary   Notary Supplies   Terms   Privacy Statement   Help/FAQ   About   Contact Us   Archive  
 
Notary Rotary™ is a trademark of Notary Rotary. Copyright © 2002-2024, Notary Rotary, Inc.  All rights reserved.
500 New York Ave, Des Moines, IA 50313.