When thinking of our Out-Of-Pocket Expenses that we pay Cash for (or utilize a card) we have lost the use of those funds while covering those expenses.
In addition, if utilizing a card, the payment for those funds will be due within 20-25 calendar days.
As a result, in essence, we are providing them an interest-free “loan” & it’s costing us additional money.
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This is one of the myriad reasons that it’s integral to one’s Success to vet your client PRIOR to providing them with your Professional Signing Agent [PSA] services.
Research the business
Query direct contact data for asking questions at the signing table
Ask for their remuneration turnaround time
Ask if that payment turnaround time is CALENDAR days or BUSINESS days (it does make a BIG difference)
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NOTE: For more information about these types of items, Review the following direct urls to these Notary Cafe threads:
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