@nadeem It’s important to ensure that you’ve created a Business Plan that will sustain you & your professional notarial services.
If you already have created one, GREAT!
Also, obtain an Employer Identification Number [EIN] as soon as possible (if you don’t already have one). You’ll utilize it on the W-9 forms in lieu of your SSN.
Here is a thread I created to be of support to those who are new to this business sector, because if is an often-asked question:
To gain additional insights, Research the keywords: “Notary Fees,” “Scanning Fees,” “Travel Fees,” etc. within the Notary Cafe database.
Don’t know how to Search the Notary Cafe database?
This information is a GOLDMINE!
Most members express that they find it difficult/NEARLY IMPOSSIBLE to locate the Search Function in order to access the wealth of information available within the database that has been generously contributed by your sagacious fellow business owners over the years . . .
To be helpful, I’ve inserted an image for you & others [see below] to help members locate it to unlock the wisdom & knowledge of other members on the forums.
You’ll find this thread helpful as well: 🎉 THE UNADULTERATED TRUTH about this Business Sector (with NO Showboating, Grandstanding, or Hot-Dogging)
YOUR SPECIFIC QUERIES:
Can you set minimum fee? Research the Texas Notary Handbook & Texas Statues for the specifics within your State.
Does the stated minimum ($20, $50 above) include the notarization fees or is that additional too? Research the Texas Notary Handbook & Texas Statues for the specifics within your State.
For a mortgage loan signing, say you agree to a fee of $300. Does this include the notarization fees? Yes
Can you also add travel+print+faxback? Yes, you can - presuming this is for a mortgage loan signing; however, some clients balk at additional fees.
FYI: The “Travel” fee should be a component of the Mortgage Loan Signing fee.
I want to service medical facilities and senior signers. Are these similar to loan signings where you agree to a fee before hand. Not exactly, they’re more like General Notary Work [GNW] appointments. Yes, fees are agreed-to prior to the appointment.
Many notaries have said that faxes are obsolete these days - is that true? Not really . . . It’s totally & completely contingent upon the Lender OR Title/Escrow Company [T/EC]. Some do request scans. Some don’t. Some want them within 1-2 hours after the signing is complete. Some want them scanned at the signing table.
Be certain to Research the Notary Cafe database for the keyword “scans” as well, because there are myriad threads & posts on that topic.
SPECIAL NOTE: Accessing the database to locate information about potential clients has saved many of us an inordinate amount of time ‘chasing’ payments for Services professionally provided to potential non-payers . . .