I have been a Notary Signing Agent for 2 years and sometimes I still have questions about pay and what is appropriate. I have done research on here reading the very helpful breakdowns of cost. I do see post about not taking less than $100 and so on. My question is about signing services. To my understanding you will not get the full pay since they find the work. I still am not sure what is not to low or maybe asking for to much since they are SS. Any feedback for me?
" I still am not sure what is not to low or maybe asking for to much since they are SS." As you have read that there are many opinions about “low fees”. Everyone’s different. The best way to know your fee is by figuring out your break even point. Make sure the fee covers your expenses, and allows you to earn a net profit. If the fee doesn’t meet that criteria, then you have your answer. It doesn’t matter if it’s a signing service or a title company. Unless, you are willing to work for “free” or pay a company to work. Best question, what’s your goal? That’s my two “cents”, which will not buy you a cup of coffee…
@notarywithme The framing of your query is in need of a paradigm shift . . .
Consider calling a plumber to schedule a Service Trip to your home. You begin negotiating with him & you tell him/her the Fee you’ll accept for the professional services to be provided.
You’d more than likely hear laughter & then the words “Good Luck!” & then a call disconnect tone . . .
REMEMBER:
A fee that is too low is a Fee that fails to reimburse your actual out-of-pocket expenses while earning a profit for providing your professional services to the client.
Your Fee to successfully provide your professional services is the amount the potential client is to meet and/or exceed for you to meet their client at their preferred location. This is regardless of the “tale” that is told by the Scheduler (likely from a script).
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Be certain to review this thread (if you haven’t seen it already):
Caveat Venditor!
It doesn’t matter what a SS is paid. I’m a big fan of nothing less than $100. What the SS charges isn’t my guide. I don’t get hung up on a closing disclosure that says the signer was charged 300 or 400 for notary services. Because maybe the seller required a notary that had to be paid as well. Just worry about what you are charging and making. Printing costs are huge. Almost every counter I send I state “includes printing” because what they offer in my opinion rarely does.
You are the only person who determines what’s acceptable for you. But don’t work at a loss. Yesterday I ordered supplies, a printer drum, a cartridge, a case of letter paper 4 reams of legal paper. Spent about 400 bucks. That’s a monthly thing. Actually I’ll order ink at least twice a month. If you do a lot of reverse mortgage your paper cost is huge. So - hope you do well where you are.
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Im in agreeance with @johnsonps306. Only you can decide what is acceptable. I will leave for a little under $100 for a loan modification that is usually 1 notarization and maybe 2 other forms to sign. Everything else is usally a $100 minimum and up. Again, all depends on your area and what is normall around you. Im sure notaries in California can charge much more than us in PA as in general, the cost of living and wages are much higher out there. It is somewhat trial and error to find your sweet spot. Now being 3 years in, i have it mostly figures out as to what SS will pay me for what type of assignment. I know which ones will take my offers quicker. And dont get frustrated when as soon as you figure it out, someone else comes in and just accepts work at a lower rate…
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