On Standardized Fees

Why an Industry-Wide List of Standard Fees for NSAs is Not Available

First, that would be price-fixing and probably illegal.

Second, you’d have people who were quite happy to work for 5 or 10 dollars less if it meant they could undercut the rest of you.

Third, everyone has the right to set their own fees — we are independent contractors.

Fourth, trying to educate people on their costs so the fees they set will actually make them money is a worthy goal. It is focused narrowly enough that it does not run against any of the other points I’m making in this piece, so I support anyone who wants to help with that.

I realize many notaries want an industry-wide standard set of fees. You’re not going to get that for a host of reasons.

Please learn your own costs, do market research in your own service area to see what you can charge without losing business or breaking your state’s laws, and set your fees accordingly.

Please stop going on Facebook and other social media to ask your competitors or those in different service areas to tell you what you should charge. It’s not a question that one professional asks another who is in the same line of work.

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About Tim Gatewood

55+, male, widowed/single. Customs Broker, Notary Public, Signing Agent, Writer, and Ordained Minister. #catdaddy Science fiction and fantasy fan, avid reader, Founder of the Darrell Awards. Author of _Getting Started As A Notary Signing Agent_ (available from https://notarymemphis.wordpress.com/books). Please be kind to one another.
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