notary fees Archives - Notary Blog - Signing Tips, Marketing Tips, General Notary Advice - 123notary.com
123Notary

Notary Blog – Signing Tips, Marketing Tips, General Notary Advice – 123notary.com Control Panel

January 10, 2017

How much does a Notary cost in 2017?

Filed under: Public Interest — Tags: , — admin @ 11:41 pm

How do you find out how much a notary can charge, or what a notary costs?
It depends on whether you want to buy the notary public or rent them. (sorry for the bad joke)

Notary fees are set by the state they are commissioned in. As a general rule a notary can only practice in the state they have their commission in. Notary fees are normally based on a rate per signature that is notarized (in most states) while in Florida, notary fees are based on a fee for each time the notary’s seal is affixed. Interesting!

Q. What is the maximum fee a notary can charge for notarizing an Acknowledgment in 2013 or 2014?
A. Please consult our find a notary page and then look up your state

Q. What is the maximum fee a notary can charge for notarizing a Jurat in 2013 or 2014?
A. Please consult our find a notary page and then look up your state

Q. What is the maximum charge for a notary in my state?
A. The exact fee depends on the notary act, so please look your state up on our find a notary page.

Please note that each state has many types of notary acts that can be charged for ranging fromAcknowledgments (most common) to Jurats (which have an accompanying Oath), Oaths, Affirmations, and more. Some states allow Safety box openings, Protests, Proof of Executions, and other acts. Each state is different.

Another great resource might be your state’s Secretary of State Notary Division, as they will have all legal information about the office of notary public in their site.

Find great mobile notaries on 123notary.com! Save time and have a notary public come to you!

You might also like:

Notary information for beginners — best posts
http://blog.123notary.com/?p=10472

What is a Notary Public?
http://blog.123notary.com/?p=6498

Share
>

September 19, 2016

Do you negotiate fees correctly over the phone?

Most Notaries study from loan signing classes, but never study the art of negotiation. Negotiating is not hard, but it is an art. Turks, Persians and Indians seem to excel at this while Americans haven’t a clue. In negotiating Notary fees, the secret is to make sure the other person makes an offer first. If you offer first, it might be too low in which case you’ll lose money. Or it might be too high in which case they’ll think you are too expensive and might not want to bargain. If they offer first, you can raise the price by $15 or $20 and still be in their ballpark or just agree if they are being reasonable.

On the other hand, if you want a reputation of charging fair fees for solid work, you can have a pricing formula based on time spent or even have fixed fees, or mileage fees. If you charge $110 per signing, that seems reasonable. They can always bargain you down to $85, and if it’s not too far, you might say yes and make some fast money.

I remember talking to a sub teacher who made $90 per day. Making $85 in two hours including driving and printing is better than $90 in a day. So, you are making more than teachers who are supposed to be the pillars of education in society today.

The other thing to remember is that you have to get your facts and terms straight before you quote a realistic price. If you don’t know how many pages, fax backs, signers, and notarizations there are, you might not give a true price. If you don’t know if the company is fibbing about the # of pages you’re in trouble too. If you don’t know if you get paid if the loan doesn’t fund, you’re in trouble too. Terms are as important as price or anything else. You can negotiate a $500 price, but if the loan doesn’t fund, you might get zilch.

So, put all the cards on the table before you quote your rate. You can quote first, or wait for them to make an offer. Additionally, most Notaries prefer phone offers to emails or texts because they can bargain more easily. You can bargain in any medium. Just state your rate and state your terms by text, email or phone. It is the same — just more delays in feedback.

You might also like:

A comprehensive guide to Notary pricing
http://blog.123notary.com/?p=16504

Can you negotiate prices with SnapDocs?
http://blog.123notary.com/?p=16236

Negotiating with aggressive callers
http://blog.123notary.com/?p=16278

Share
>

January 14, 2016

How much should a mobile Notary be paid?

This post was written by a guest blogger who is one of our Notaries on our directory.

HOW MUCH A MOBILE NOTARY SHOULD BE PAID?

This Forum debated the issue one hundred times. How to substantiate the answer? A coincidence of stimuli made me reflect yesterday on the life and profession of the so-called “mobile Notary”, the one who generously drives to the clients’ home to execute documents and, thus, save them the trip to his/her office.

At the beginning, the Notary received a call with the Order, the documents were sent UPS or FedEx and returned the same way. Today, the Notary receives the Order, documents are emailed to print 140-145 pages + Borrowers’ copy

I was reflecting on the notary fees while reading in 123Notary Bulletins messages from Notaries complaining about the low fees being paid…when suddenly my email received a new Order.

We cannot blame exclusively the payer (lender, title company) for the low fees being paid to mobile Notaries. Each “closing” is preceded by a contractual verbal agreement: Notary is to perform under the conditions and at a pay the “employer” offers. Whether “sufficient” or “fair” depends upon the fairness of the payer and mainly, upon the self-valuation of the professional payee. When the Notary bargains, companies (frequently) increase fees.

Explore two incidents: Notaries complaints and the Order I received while reading the 123Notary Bulletins. The Order: Refinancing, 6:00pm, house 20 miles away in rural area. Brief computation of Cost and Time.

OUT-OF-POCKET EXPENSE.

*Long distance. Three calls to company: $1 (add if documents faxed).

*Car. Round-trip to clients and shipping: 40+6 miles=46. If computed “for Reimbursement”, per 2015 Internal Revenue Service rules: $0.575/mile x 46 = $23.00. If computed as “strictly” Cost: (Notary has to estimate own car mileage use. Mine drinks 1 gallon/12 miles.) At $2.80/gal or $0.233/mile x 46=$9.33. Notary must add “other expenses”: maintenance, registration, insurance, tires amortization.

*Printing. About 260 sheets. If outside (Mail store, Office Depot) at $0.07=$18.20. If at home/office: $5.60, including paper and ink/toner, not maintenance, amortization or other expense.

*Other non-related [Notary] service.- Example: Some companies started asking Notary, “If client does not have IDs photocopy, not to worry; just take photos with your cellular and transmit to us”. Which reminds of that hypothetical proposal of the health insurance company to a physician: “Next time, if the patient does not bring his X-Ray or MRI, do not worry; just use the equipment at your clinic [without invoicing]”.

Estimated out-of-pocket minimum expense: $42.20 (or $15.93, per Notary practices).

TIME.

*(Driving measurable distance vs. actual driving time: 2 miles office-Interstate takes 10-15 minutes due to endemic heavy traffic; remaining 18 miles may take only 20-25 minutes). Total 40 miles; time 1h20m.

*Calling client, calling company to confirm, upon arrival, upon completion; print originals and copies, review and organize them; signing at clients’ home; updating company; delivering to shipping. Minimum 4h10m.
Total time: 5h30m.

Accepting or declining an Order is the exclusive privilege of the Notary, how much he/she values the professional services, how high/low is his demand for respect (personally, professionally). How much 5 hours-30 minutes of work and $42.20 cash advanced are worth? Compare with other activities. The BLS (Bureau of Statistics of the US Department of Labor) released July 27, 2015 its 2014 Occupational Employment and Wages studies. Results are used by corporations, unions and workers to establish and renew fair compensation indexes. Its Mean Hourly Wage of selected occupations shows:

*Legal [administrative employee] is paid $48.61/hour (thus, Notary’s pay for the above sample Order of 5h30m could be $267.35 plus $42.20 expense=$309.55.

*National Business and Financial $34.81 (Notary’s pay: $190.35 plus $42.20=$232.55).

*Food Preparation and Serving, such as fast-food franchises, $10.57 (Notary’s pay: $58.13 plus $42.20=$100.33).

Compare now the average national hourly wage with the fee Companies pay you: Average ranges $35-$100; meaning, a range from a loss of $7.20 to an income of $10.51/hourly wage.

The sample Order mentioned above offered me a $35 fee. No “problem”. I just would decline. But there was a “problem”! When three minutes later I was ready to email “Decline” (low pay!), I was impacted by the screen that popped up: “Sorry, Order has been already accepted by another Notary”.

.

You might also like:

You want to get paid well as a Notary, but do you merit a good rate?
http://blog.123notary.com/?p=16687

Share
>

March 16, 2015

What does a Notary charge in 2015?

What does a Notary charge in 2015?
What are notary fees in 2015? What do notaries charge in 2015? Notary fees are governed by the state. Each state has their own rates, and rates can change at any time. Some states only allow 25 cents for certain types of notary acts while others allow $10 for an Acknowledged signature or a Jurat. Try getting something on the value menu at McDonalds if you only get 25 cents per notarization. Those rates must have been set in the 1700’s.

Please consult our Find a Notary page so that you can view each state’s profile on our site. Click on the name of your state, and the pricing will be accessible from that page.

http://www.123notary.com/find-a-notary-public.asp

Loan Signings
Please keep in mind that most of the notaries on our site 123notary engage in the profitable career of loan signings. A loan signing is more than just a notary act. It encompasses the supervision of an entire loan package which includes generally over one hundred pages, dozens of signatures, and generally two to ten notarizations for each signer. Prices for loan signings range from $40 to $200 depending on what is involved and how experienced the notary performing the signing is.

Bilingual Notaries
123notary has notaries who speak all types of languages ranging from Spanish, Russian, Portuguese, French, German, Hebrew, Arabic, Hindi, Chinese, Cantonese, Japanese, Vietnamese, Farsi, and more. If you need a notary who speaks a foreign language, use our language filter on the top right of search results.

Odd pricing rules for notarizations
It is fun to see the differences in state laws for notary prices. But, one example that always sticks out in my head is the Florida pricing rule for Acknolwedgments. California allows a notary public to charge for each signature notarized. However, Florida allows the notary to charge for each notary act or certificate, regardless of how many signers are involved. If four people sign a Deed in Florida, the notary completes one certificate, stamps the certificate once, and can only charge $10 for that while his Californian equivalent could charge $40 for the same work! Notary pricing is a bizarre science, so good luck reading about it!

.

You might also like:

You don’t charge enough; HEY, you overcharged me!
http://blog.123notary.com/?p=3600

FAQ: How much do notaries charge?
http://blog.123notary.com/?p=5317

Share
>

February 2, 2015

Trip + Notary fee = Payment

I have never, repeat never; had a dispute over my notary fees. The key is to make sure in each assignment that the notary fee is fully disclosed when agreeing to perform the service. I write this looking at a check, handed to me for not doing any notarizations. But, that is near the end of my story. Time to back up and present what happened in chronological order.

The caller is an admin assist for a company in midtown needing a notary. Caller does not know the details of what is required, just that a notary is needed. They might need one notarization or several hundred. I quote a fee of $xx for “the trip”, plus the NY State fee of $2 per signature notarized. If five people sign, and there is one notary statement naming them all; to my way of thinking I have done five notarizations with my single signature. I do have to ID check and oath all five of them. For that reason I always use the term “per signature notarized” in any fee agreement. We agree, I leave for the assignment.

Arriving ten minutes early, the receptionist tells me that the work has been already done. They had apparently scheduled a few of us; and to them “the notary race” was on! The ever-present smile behind the counter says “sorry to have troubled you”, “we have no need for your services”. I explained that the issue is not having troubled me, but that I require my fee. The office manager is called. In a calm, polite voice and manner I explain how I perceive the situation. Your admin assist made a verbal contract with me. I was required to arrive prior to a specific time, which I did; for a specific fee of $xx. It was further agreed that I would receive $2 per signature notarized. There was a clear distinction between the trip and notary fees. To earn the trip fee I had to be on time. I was on time.

The office manager initially leaned towards a “you did nothing” rejection. I noticed some signs on the wall. It was time to fire some “big guns”. I repeated there was a fee due, and if not paid I would complain to the Division of Licensing Service, and the Consumer Protection Bureau of NYC. I could tell the office manager did not want that. Two straws broke the last vestiges of resistance. I noticed you have an A+ Better Business Bureau certification. It is my intent to send a very detailed complaint to the BBB as well. Lastly, I intend to file a lawsuit against the President of your firm in Small Claims court. It will include my fee, court costs, and other expenses. We are both aware you will require an attorney to represent your corporation; I on the other hand am retired and have lots of free time to spend in a courtroom.

“Mr. Edelstein, please have a seat, it will only take five minutes to cut you a check”. The check was for the $xx trip fee and in the memo section said “transportation reimbursement”. Did I over react? I don’t think so. We had a very clearly defined two part verbal contract. The fact that, for whatever reason, they had no work for me; ONLY negates paying me the $2 per. Filing complaints and initiating lawsuits might seem extreme, but not to me. It took me a full hour in dense NYC midtown traffic to get to their office. Write it off for “good will” and hope they call me next time? Not realistic considering their tactic of playing “multiple notary race”. Actually, I would have also posted the exact truth on social media, Yelp, etc. If in your heart you feel they don’t have a “shred of a valid point” on their side; do what it takes to receive your rightful pay.

Tweets:
“But, you did nothing” the client replied after the notary wanted a travel fee for a cancelled job.

.

You might also like:

A comprehensive guide to Notary pricing
http://blog.123notary.com/?p=16504

How good is your technical knowledge? Should you learn more?
http://blog.123notary.com/?p=16683

Share
>

July 13, 2013

How much does a notary cost in 2013

Many people want to know how much a notary can charge, or what a notary costs?
It depends on whether you want to buy the notary public or rent them. (sorry for the bad joke)

Notary fees are set by the state they are commissioned in. As a general rule a notary can only practice in the state they have their commission in.

Notary fees could be based on a rate per signature that is notarized (in most states) while in Florida, they are based on a fee for each time the notary’s seal is affixed. Interesting!

Q. What is the maximum fee a notary can charge for notarizing an Acknowledgment in 2013 or 2014?
A. Please consult our find a notary page and then look up your state

Q. What is the maximum fee a notary can charge for notarizing a Jurat in 2013 or 2014?
A. Please consult our find a notary page and then look up your state

Q. What is the maximum charge for a notary in my state?
A. The exact fee depends on the notary act, so please look your state up on our find a notary page.

Please note that each state has many types of notary acts that can be charged for ranging from Acknowledgments (most common) to Jurats (which have an accompanying Oath), Oaths, Affirmations, and more. Some states allow Safety box openings, Protests, Proof of Executions, and other acts. Each state is different.

Another great resource might be your state’s Secretary of State Notary Division, as they will have all legal information about the office of notary public in their site.

Find great mobile notaries on 123notary.com! Save time and have a notary public come to you!

You might also like:

Can a notary be a witness?
http://blog.123notary.com/?p=1273

How much can a notary charge?
http://blog.123notary.com/?p=1930

How much does a notary cost?
http://blog.123notary.com/?tag=how-much-does-notary-cost

Share
>

June 14, 2013

No you can’t give it back

Recently, I have gotten quite a few calls regarding fees that the notary sees on the borrower’s HUD-1 document. These are relatively new notaries and they are bewildered and troubled at some of the notary fees that they see. Some of the fees are upwards of 250.00 and I assure them that this is nothing unusual.

What is troubling to them is that they are getting 80-90 dollars (often times less) and after seeing the HUD they now want more money and/or want to give the job back. Out of the several calls I get regarding this topic, I had one new notary in particular who was VERY angry. She did not understand completely how this fee thing worked or even how to distinguish one caller from another. In other words she didn’t know if it was a signing service or a title/escrow company on the line let alone what questions she should be asking. So I had to spend some time with her educating her on the differences between a signing service call and title company call. She was totally lost. Once I explained it throughly, and although she now understood the differences she still wanted to get the money listed on the HUD or give the job back. I told her she could NOT do this. I told her, that It was not professional and unethical. She must keep her word by not tarnishing her reputation. She had agreed to the price and she should keep her word no matter what. Her reputation was now at stake. I also told her that she should consider this a bought lesson. The best kind in my opinion…:)

I went on to tell her that now that she understands how this notary gig works, she needed to sit down and crunch some numbers to see what notary fees she will be most comfortable with. This way whatever she sees on the HUD/settlement statement it wont concern her because she will have gotten what she feels is a fair price for her services. As I told her, If I am getting what I feel I deserve, I don’t bother or care about what numbers I see elsewhere. Not my problem…

Until next time…..

Share
>

April 13, 2013

FAQ: How much do notaries charge?

FAQ: How much do notaries charge?

How much does a notary cost?
Notary fees vary from state to state. Please visit our Find a Notary page and look up by state, and we have pricing information for most states.

How much can a notary charge?
A notary can charge as much as his/her state of commission allows them to charge.

How much do notaries cost?
You can not buy a notary, so a notary doesn’t have a cost. But, they charge fees for doing notary acts (notarizing). Each notary act has a separate fee, and fees vary from state to state. Visit our Find a Notary page and click on the name of your state for more information.

How much is a notary?
Once again, you can not purchase a notary. But, you can purchase the services of a Public Notary. Please visit our Find a Notary Public page for more state specific information about notary fees in your state.

How much can you charge for a notary?
A notary can charge as much as his/her state of commission allows them to charge for notarizing signatures.

Here are some typical notary questions written in poor grammar:

“How much does notary cost?”
“How much do notary cost?”

You might also like:

What does a notary charge in 2013?
http://blog.123notary.com/?p=4301

How do I find a notary public who is fantastic?
http://blog.123notary.com/?p=1860

Identification requirements for being notarized
http://blog.123notary.com/?p=4299

Information about notary certificates for various notary acts
http://blog.123notary.com/?p=1834

Read blogs about California Notary issues
http://blog.123notary.com/?tag=california-notary-public

Share
>